Bookkeeping
Bookkeeping
Bookkeeping is the recording of financial transactions. Transactions include purchases, sales, receipts, and payments made by the individual or company.
Quarterly and Annual Reports,
Employers Quarterly Federal Tax Return (941 Report) is used by employers who withhold income taxes, social security tax, or medicare tax from employees paychecks. Filing wage reports with Texas Workforce Commission (TWC) are due quarterly to report the wages paid out to employees. Federal Unemployment Tax Act (FUTA) provides funds for paying unemployment compensation to workers who have lost their jobs and the report is due annually.
Payroll
Payroll refers to a company’s records of payments that were made to employees, including salaries, wages, bonuses, and withheld taxes.
Sales and Use Tax & Franchise Tax Reports
The state of Texas imposes a 6.25 percent state sales and use tax on all retail sales, leases and rentals of most goods, as well as taxable services. We help you obtain your Sales Tax Permit and to file your Sales and Use tax reports. Franchise Tax reports are due annually with the Texas Comptroller.
Profit & Loss
A Profit & Loss, also known as an Income Statement, shows the company’s revenues and expenses during a particular period.
Workers Compensation
Workers Compensation or Workers Comp is a form or insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employees right to sue his employer. We help you file the reports and keep track of the workers comp.