Whether you currently own a business or are on the verge of selling and need to get your books in order, our team provides expert advice when it comes to your taxes and financial matters.
Accurate accounting records are a foundation to your business. These records give you access to information about your business to make critical decisions, and of course, used to report your income on your tax return.
But, for the non-accountant, bookkeeping can feel like both a challenge and a nuisance. We’re here to help!
Working with ITS, you have an accounting and bookkeeping partner so you can focus on the aspects of running your business that you love. We provide full-service bookkeeping and love to tailor our service package around your specific needs.
Some clients just want us to update their books periodically, so they can see how they are doing. Other clients want us to be more of an integral part of the accounting process, by overseeing the bank reconciliations, providing journal entries for monthly adjustments and training staff on accounting software. Whatever your needs, we look forward to finding a solution that works best for your business.
Most importantly, we approach your books with a sophisticated understanding of the “big picture,” including financial reporting and tax compliance. By having us involved in the books from start to finish, we are better able to prevent issues and ensure proper reporting no matter your needs. And when tax time comes, you will save money by having all your records in good order!
We believe that everyone’s books can benefit from having the trained eye of a tax and accounting expert look over them periodically. Even for experienced bookkeepers, there may be issues with significant tax implications that would go unnoticed by someone without our experienced background.
Our professionals provide periodic reviews of our clients accounting records to ensure you are seeing the most useful information possible for your business and that your tax returns can be filed accurately and efficiently. These reviews can be done monthly, quarterly, semi-annually or annually depending on your needs. We have excellent experience with QuickBooks Desktop and QuickBooks Online to name a few.
The State of Washington excise tax filings can range from simple one-line forms to more complicated multi line forms. We can assist clients with the preparation and e-filing of the monthly, quarterly or annual reports. We also assist clients in getting a binding letter ruling from the Department of Revenue when dealing with confusing transactions. We also will help to determine if any business taxes are necessary in other state and local venues.
Form 1099 Preparation
For many businesses, the preparation of their annual information reporting to the IRS, including 1099 forms, can be a time-consuming process. At ITS, we prepare and issue these forms each January. We have processes and software in place that allow us to do this efficiently and cost-effectively. If you find that 1099 preparation is causing you stress each year, allow us to handle this for you.
Our services include review of your vendor list, identification of missing information, preparing the forms, mailing them to your contractors, and e-filing with IRS and state authorities. You can check that task off of your list!
