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Business Accounting And Tax Services
Running your own business is a tough job. Between catering to clients, answering phones and emails, and managing the entire company, you may not have the time to oversee your finances. In order to free up some of your time and take the burden off your shoulders, you may consider hiring professional business accountants to handle all of your financial needs, including, business accounting, payroll, bookkeeping, and small business tax services. While it may seem daunting to have someone else keeping track of your money, the benefits will pay off in spades.
The Benefits Of Small Business Accounting
As your Top Rated Local® tax professionals, our Annapolis CPAs not only have the knowledge and expertise to help you with your small business accounting, but you will also receive personalized service. You will have peace of mind knowing that your finances are in good hands, leaving you free to keep your business in line. Our small business accounting services include:
- Accounts receivable
- Accounts payable
- Online banking
- Payment processing
- Cash management
Avoid Small Business Accounting Software
Some business owners choose software as the solution to their accounting needs. However, not all businesses are the same, and your small businesses may require special attention in areas that the software won’t account for. By hiring professionals to help you with your small business accounting, your finances will be viewed in a way that is as unique as your business. You won’t receive one-size-fits-all treatment. Instead, small business accounting professionals like the ones at QualiTax will take the time to design a financial plan that will help your business thrive.
Another benefit of hiring actual people to manage your finances is you eliminate the risk of losing your data if your computer crashes. While you have the option to backup your data onto an external hard drive, you still run the risk of it getting lost or stolen.
It may seem expensive to hire a professional to manage your finances, but you end up saving money in other areas. For example, if you were to use software for your small business accounting needs, you may have to spend money on the software itself, an external hard drive or file servers, and maybe even an extra computer. If you choose to hire a team of accountants on-site, you will have to pay those extra employees, as well as the cost of any training they may need.
QualiTax offers the unique service of acting as your remote CFO. When you work with us, it’s like hiring an entire team of accountants in one affordable package. By hiring a professional, you will not only save time and money, but you will be able to have peace of mind, knowing that your accounts are in good hands. Our outsourced accounting program not only saves you money, but you have access to services like:
- Financial statement reporting
- Payroll processing
- General ledger maintenance
- Income tax preparation
Let our Annapolis CPAs take the burden off your shoulders. Contact the experts at QualiTax and schedule a consultation today!
Access Your Accounts At Any Time
At QualiTax, we perform our small business accounting using a web-based software, which allows you the freedom to access your information from anywhere! Some companies may require that you schedule a meeting and wait a few days in order to view your finances. With QualiTax, you can view your finances on the road, at the airport, or even at home!
Our Bookkeeping Services Will Meet Your Needs
Bookkeeping is another tedious, but absolutely necessary, element of your small business. As your Top Rated Local® business for tax services, we understand that you work hard to ensure your company makes a profit. Between the day-to-day responsibilities of running a company, smaller tasks, like bookkeeping, are sometimes overlooked. That’s why our experts at QualiTax provide professional bookkeeping services, to relieve you of some of your more burdensome duties, leaving you free to run every other part of your business.
Pay For What You Need
One option available to small businesses is to hire someone in-house to take care of their own small business bookkeeping and accounting needs. While this may seem more convenient, it may actually cost more than using a service like QualiTax. On-site bookkeeping professionals will be on your payroll, meaning you will have to pay them whenever they are on the clock, as well as paying for their benefits. On the other hand, if you choose to outsource your bookkeeping services, you will only have to pay for what you need. In the long run, this might be more beneficial, especially if your company is smaller or just starting out.
Build Your Business
Starting any business will take up a lot of your time. If you choose to do your bookkeeping and accounting yourself, you will probably find that you’re spending an inordinate amount of time focused on your bookkeeping. Your main priorities should be building your brand, increasing traffic to your business, advertising to your target audience, and fine-tuning your products or services. However, in order to be successful in growing your business, you need to know where you stand financially.
Managing all the moving parts of your business takes time, but in the beginning, extra time is something that will absolutely be in short supply. Outsourcing your bookkeeping gives you the time you need to focus on growing your business, and the experts at QualiTax can help! We have the expertise to manage your bookkeeping so you can focus on managing your business. You will have peace of mind knowing that your finances are in good hands and that they will be done correctly.
When you perform your own bookkeeping services, you may be blind to mistakes or ways you can save money because you’re too close to the situation. By hiring someone else to manage your bookkeeping, you will receive expert advice on how you can utilize your finances more effectively. A second set of eyes can help point out redundancies, areas where you might be spending too much, and areas where you can afford to spend more in order to drive up the traffic to your business.
Our Annapolis CPAs at QualiTax pride themselves in being up-to-date with all the latest laws and regulations regarding small business bookkeeping and accounting. If you have questions about ways to improve your finances, our professionals can help! When you hire QualiTax to perform your bookkeeping services, one of our experts will be available to answer any questions or concerns you may have at all times.
How QualiTax Can Help With Your Business Taxes
As soon as the new year rolls around, business owners scramble to put together all the forms and information they need in order to file their taxes. However, in order to be truly prepared to file your taxes, a professional tax accountant will help you with your tax preparation throughout the entire year as opposed to a few months. As your Top Rated Local® experts for tax services, our tax strategists at QualiTax offer small business tax preparation and tax resolution in addition to our accounting services.
If you plan to go the do-it-yourself route for your taxes, there are numerous tax softwares available on the market. Unfortunately, much like the software that’s designed to help you with your small business accounting, tax software is made to accommodate every business. Your business is unique, therefore you deserve a service that is personalized to fit the exact needs of your business.
With more than 38 years of experience, our tax professionals not only have the know-how to see that your taxes are filed correctly, but we will also provide you with the personal service that you deserve. We will sit down and devise an individualized tax strategy for your business in order to save you the most money.
More Tax Deductions
When it comes to filing your taxes, you want save as much money as you possibly can with tax deductions. Most tax software gives you the option of filing for the most popular deductions, but what if there were more that you could be taking advantage of? If you’re filing your taxes using a one-size-fits-all software, there may be more deductions that your business qualifies for that are going unnoticed! Unless, you’re on top of the latest tax laws, you could be missing out on opportunities to save more money!
Our Annapolis tax strategists make it their mission to stay on top of the latest tax laws. Instead of doing the bare minimum, the tax professionals at QualiTax will go above and beyond to help you save money by finding the most deductions that are possible for your business, including the “built-in” tax benefits that are available for your business entity.
Tax Resolution Services
There are multiple reasons the IRS could choose to audit your business, including unpaid tax returns, failure to file your taxes, tax liens, or another tax controversy. In these situations, you want the best representation, and our experts at QualiTax offer tax resolution services to help you face the IRS. Instead of dealing with the IRS through out-of-state representation, we have local experts who will fight your battles for you. As your professional representation, QualiTax offers a variety of tax resolution services where we will speak to the IRS on your behalf. A few of our services include:
- Penalty abatement
- Audit representation
- File old returns
- Installment payments
- Remove liens/levies
If you receive an IRS audit letter for your small business, QualiTax has you covered. You will have peace of mind knowing that our tax professionals are taking care of everything the IRS demands of your business, allowing you to use your time to manage your business.
QualiTax offers small business accounting and tax services, allowing you to spend more time growing your business and less time worrying about the burdensome tasks of managing your finances and preparing your taxes. As your Top Rated Local® business for tax services in the Annapolis area, we want to help your business thrive. Browse our website to learn more about the small business tax services we offer, and contact QualiTax today to schedule a meeting with one of our Annapolis CPAs. We look forward to seeing you soon!
Why You Should Outsource Your Payroll
Even the smallest tasks like payroll can take away precious time that is better used in other areas of your business. At QualiTax, we make it our mission to lighten your load as much as possible, which is why our licensed Annapolis CPAs offer payroll services in addition to our small business accounting services. Whether you’re looking for new hire reporting, third party payment checks, or vacation, sick time, or personal leave tracking, QualiTax does it all!
While you may not have a large number of employees, the task of managing payroll for each individual person still takes time, effort, and skills that you might not have. As a small business owner, you have enough to worry about. When it comes to payroll, not only do you have a completion deadline, but you also have to worry about tracking vacation, personal, and sick time, as well as deal with any payroll issues as they arise. Unfortunately, unlike some of the tasks of managing a business, you can’t set aside a designated time to get it done. Instead, you have to handle every problem that comes up, which not only takes away from you day, but it also takes away from your other responsibilities.
Many small business owners are eager to manage their own payroll, however, certain knowledge is required to remain compliant with government regulations. While you might be an expert at other areas of your business, it’s impossible to be an expert at everything. Payroll tax laws are constantly changing, and it’s important stay up to date not only with federal tax laws, but with your local tax laws as well.
As your Top Rated Local® business for tax services, the expert tax professionals at QualiTax make it their mission to stay up to date with all local and federal tax laws. We’ve found that many small business owners tend to make mistakes when they do their own payroll, and fixing those mistakes will only create more work for you in the future. By hiring payroll accountants, you will have peace of mind knowing that your payroll is completed in compliance with both local and federal governments.
Times are tough for small businesses, and in order to keep your business from going under, you may have to lay off some of your employees. While you’re trying to figure out ways to keep moving forward with less workers, those you laid off are sending in Unemployment Requests for Separation. Suddenly, you’re in over your head and you have no idea what to do.
In addition to typical payroll services, QualiTax can also help with the burden of unemployment cost management. We can track your claim data, file in a timely manner, and help you win hearings. Our professionals have the knowledge you help you through this difficult time and we will be there for you every step of the way. We can provide you with payroll services and help you manage your unemployment costs, leaving the management of your business up to you.