Bookkeeping and Payroll Solutions

 

 

 


 

 

 

 

 

 

 


 

Creating and running your business with a professional

 Creation & Formation

  • Decide which business structure is best for you
  • Register your new business with the IRS and NY/NJ
  • Obtain licenses and permits (to operate in New York City) ie: Liquor Lic, Restaurant Establishment permit
  • Open a business bank account
  • Secure commercial insurance and other required insurances

 Accounting

  • Provide monthly bookkeeping and account reconciliation
  • Generate monthly financial reports: Profit & Loss statement; Cash flow report
  • Prepare quarterly sales tax reports and deposits
  • Complete annual business tax return

 Payroll 

  • Register as an employer to begin payroll
  • Secure workers compensation, disability and unemployment insurance
  • Calculate payroll tax deductions (weekly, bi-weekly, semi-monthly)
  • Deposit payroll taxes monthly
  • Prepare quarterly wage reporting forms
  • Complete year-end W-2 & 1099 forms