Accounting and Bookkeeping
Accounting and Bookkeeping is essential to keep your business running efficiently and help with State and Federal Tax Compliance. In the USA, there are over 4,500 different taxing jurisdictions for which your business may be responsible for reporting to. We provide bookkeeping services for internal business use, tax preparation and filing, and tax advisory purposes.
Services include
- Monthly Bookkeeping for current or most recent month
- Quarterly Bookkeeping for current or most recent quarter
- Catch-Up Bookkeeping for the current or most recent year
- Retroactive Bookkeeping for non-current accounting periods
- Setup of your own accounting software
- QuickBooks Desktop or Online Setup
- Customer Invoicing Accounts Receivable (AR) Services
Did you know about 26 U.S. Code § 162 - Trade or business expenses?
Section 162(a) allows a deduction for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.
Ordinary and Necessary
Business expenditures must be both ordinary and necessary to be deductible. An ordinary expense is an expense that is normal or appropriate for the business under the circumstances. An expense is not necessarily required to be typical or repetitive in nature to be considered ordinary.
Reasonable in Amount
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
