Small Business Services

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability. We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business.

Bookkeeping

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns. Through periodic internal audits, we’ll identify and resolve discrepancies (e.g., double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position.

Bank Reconciliation

While a clean set of books is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers an investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

Financial Statement Prep

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

  • A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year-end

  • An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

  • A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

  • A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

  • Estimated tax liabilities

Our analysis of your financial statements helps you frame strategic initiatives (e.g., business expansion, acquisition) as well as tactical plans (e.g., accounts receivable and accounts payable management). Professionally prepared financial statements are also an essential resource when dealing with creditors (e.g., vendors, banks) and investors.

Individual Consultaion

When you use our professional accounting services, you get more than a collection of records and reports. You get the benefit of our skills, experience, and expertise. We’re happy to invest the time to make sure that you understand and utilize all of the information we provide. Call us whenever you have a question or concern.

Payroll

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and recording keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

There are 5 good reasons for outsourcing this function:

  • You’ll save money by letting the experts attend to the task efficiently and accurately.

  • You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.

  • We’ll handle employee questions and concerns, and research any issues they uncover.

  • You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.

  • You’ll gain valuable time to focus on running your business.

We offer three payroll service options to meet the needs of different business owners and non-profit clients. All three services include:

  • Vacation, sick, and personal day accruals and tracking

  • IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

  • Monthly, quarterly, and annual payroll tax reports

  • New hire file creation and reporting

  • W-2, W-3, and 1099 preparation

The service option you choose defines how payments are processed:

  • Comprehensive Payroll Processing Service: We manage the secure check processing and direct deposits

  • After-the-Fact Payroll Service: You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.

  • Online Payroll Processing: We provide access to our payroll system to enable you to enter employee hours and earnings. You print the payroll checks on your printer, and we process the direct deposits.

We can also provide ad hoc services, such as:

  • Worker's Compensation Audits

  • Unemployment Claims

  • Social Security Audits

  • Child Support Audits

  • Federal and State registration

 

Wise & Co LLP CPAs

920 E. Jackson Street
Medford, OR 97504

Tel: 541-772-8666
Fax: 541-779-4442
Email: info@wise-cpa.com

For more information click here

Visit us at www.jdpcpas.com

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We are here to help with business consulting, business planning, tax matters and help with all your financial and business concerns.