Book it accounting
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SERVICES

whatever your needs-we have you covered

weekly/biweekly

  • Enter deposits and payments
  • Enter payables and receivables
  • Pay any bills due
  • Enter payroll/create payroll checks
  • Update employee benefit information if benefits are pro-rated against actual hours worked
  • Deposit Federal payroll taxes and withholdings (if a semi-monthly depositor)
  • Mail requests for I-9's and/or certificates of insurance to new subcontractors 
  • Follow up on any past due accounts

Quarterly

  • Prepare all quarterly payroll reports, including 941’s, SUTA, etc. and pay any balance due
  • If FUTA exceeds the threshold for annual filing, file and pay FUTA tax
  • Reconcile payroll liability accounts against quarterly reports
  • Deposit Federal and State payroll taxes and withholdings (if a quarterly depositor)
  • Reconcile and pay sales tax (quarterly filers only)
  • Create/review quarterly profit and loss and balance sheet statements
  • Create/review quarterly inventory and sales reports

monthly

  • Deposit Federal payroll taxes and withholdings (if a monthly depositor)
  • Deposit State payroll withholdings (if a monthly depositor)
  • Enter principle and interest on any loan payments
  • Review vendors for expired certificates of insurance and request updated information
  • If collecting sales tax, review resale and nontax customers for any missing or expired ST-4 or ST-5 forms and request updated information
  • Report and pay any retirement benefits withheld from employee paychecks during the previous month
  • Review A/R and create customer statements or mail reminder invoices as needed
  • Review A/P statements against possible missing or past due invoices to be paid
  • Reconcile and pay sales and/or meals tax (monthly filers only)
  • Reconcile all bank and credit card accounts
  • Create/review monthly profit and loss and balance sheet statements
  • Create/review monthly inventory, sales, and other reports

annually

  • Prepare all year-end payroll and vendor statements, including W-2’s, W-3’s, 1099’s, 1096’s, etc.
  • File and pay FUTA (form 940)
  • File and pay sales or meals taxes (if an annual filer)
  • Verify and update employee withholding and address information
  • Review employee benefits programs/update employee information
  • Review vendors and services (telephone or internet service providers, credit cards, etc.)
  • Update year-end inventory and capital assets in the books

Tax Returns

  • 1040 with state and local returns
  • 990N, 990, and 990EZ
  • 1120 for your corporation
  • 1065 for your partnership with accompanying schedule K-1s
  • Amended returns and extensions

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Book it accounting
8434 reagan dr. king george va 22485
804-920-4972

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