Our bookkeeping services help you stay on track, and in the black.
Do you bring your receipts and records to your accountant in a shoe box? Free yourself from the financial paperwork burden by letting Bean Counting Firm handle the bookkeeping for you.
From bookkeeping and payroll processing to Workers’ Compensation advice and QuickBooks training, our goal at Bean Counting Firm is to set up an effective and accurate record-keeping and reporting system that ensures you’re setup for success. The end result? Increased productivity, an organized accounting system, and a clearer picture of your business’ finances.
Bookkeeping can be done on-site or at our office on a timeline that meets your business needs. Services can include accounts payable, accounts receivable, bank and credit card reconciliations, bill pay and customer invoicing, loan amortizations, financial statements, general ledger analysis, cash flow forecasting, tax planning and tax payments, year end accounting.
Let us take the worry out of payroll. Whether you are large or small, Bean Counting Firm can handle payroll and payroll tax processing for any number of employees with any processing times you choose. By using our payroll services, you will have regular and accurate withholdings and be assured that those payroll taxes are submitted on time.
Bean Counting Firm works closely with you to help keep your rates low and manage your workers compensation policy by facilitating communication between you and your insurance company. Bean Counting Firm will also prepare your payment reports and work with the insurance company to process your annual audits. This frees you up to keep your company running smoothly.
Set-up and Installation
At Bean Counting Firm we offer set-up of your QuickBooks file at your location or on your laptop. We are able to connect your network files for multi-user environments. We can also give you options to log in for those times you are out of the office and need access.
We are available to answer all of your QuickBooks questions, whether it be one-on-one training or a quick phone call when you are stuck.
We also offer onsite employee training with an overall understanding of the program and the specifics for your industry.
We are available to review your current QuickBooks files and offer suggestions to update and streamline your current bookkeeping system. This not only applies to QuickBooks but the office flow as well. We can offer suggestions for your recordkeeping system and work flow.
Whether you’re a small business owner, nonprofit executive, or at the helm of a large firm, we’re here to help you be successful.
In today’s business environment, you need to maintain your profitability while taking advantage of new opportunities. This is especially important in the ever-changing areas of tax law and financial planning. Whether your business is a sole proprietorship, C corporation, partnership, or nonprofit, we’re here to help you with tax and financial planning, as well with sales tax issues and audit representation.
Effective tax planning is one of the cornerstones of Bean Counting Firm. Instead of waiting a couple of months before tax time, we prefer to do your tax planning a couple of times throughout the year. This way, you’ll receive very detailed view of what your tax position looks like, and avoid any surprises at tax time. Our main services in the tax planning area include:
– Withholding from payroll in regard to tax brackets
– Planning for quarterly estimates
– Discussion of tax benefits relating to investment portfolios
– Business entity structure and benefits
– Planning for investment properties
We’ll review the financial condition of your business with an eye on helping you benefit from current tax laws, and help you take advantage of losses, credits or write-offs that that will reduce your overall tax liability.
Bean Counting Firm will help you keep track of the sales tax you collect, setting it aside so that it’s available when you need it.
Whether you’re a family or a Schedule C Sole Proprietorship, Bean Counting Firm will help you with all of your individual tax needs.
Schedule C Sole Proprietorships
If you are in business for yourself as a sole proprietor, you will typically file Schedule C in addition to your normal 1040 income tax return. We’ll help you navigate through the special terminology that the IRS uses on this form in order to maximize your deductions.
When starting a business or changing your business structure, one of the most common decisions you’ll make is whether to form an S-corporation or C-corporation. Bean Counting Firm will provide you guidance on your options and associated tax implications of each structure.
If you’re a C-corporation, Bean Counting Firm will help you file a tax return (Form 1120) and pay taxes at the corporate level. If you’re an S-corporation, we’ll help you navigate the complicated accounting rules and tax compliance challenges.
If your LLC is a partnership, we’ll handle the paperwork for each individual partner and file a Form 1065 and Schedule K-1. We’ll provide you with an accurate reporting of each partner’s investments, draws and basis. We will provide each partner with a proper accounting of assets, profits, and liabilities on an annual basis.
The Bean Counting Firm staff is very knowledgeable about nonprofit tax implications. How you characterize your plans when filing for incorporation or for tax exemption with the IRS is important. We’ll help you with the reports and filings you will need to submit. If you’re tax-exempt, you are most likely exempt from a variety of other taxes, including state, property and sales taxes. By using our payroll services, you’ll be able to make regular and accurate withholdings for various types of taxes.
If you need help solving an IRS or state tax problem, Bean Counting Firm is here to assist you. We have extensive experience helping businesses resolve tax issues they might have after filing their federal or state returns. After carefully reviewing your audit letters, we’ll propose the most appropriate course of action, collect the explanatory data, and write replies to the appropriate tax authorities. We will stay in close contact with them until the case is resolved and closed.
Sales Tax Reporting and Audit Representation
Bean Counting Firm’s sales tax preparation service is designed to help you navigate through the complex and varied state and local sales and use tax compliance laws. We focus on protecting your business from the negative impact of non-compliance, over payments, and State audits.
If you’ve received an audit notice from the IRS or from the California Franchise Tax board, don’t panic. We’re here to assist you through the process. Tracie Hannick is licensed to practice before the IRS and the California Franchise Tax Board for audit representation.
Income Tax Audit Representation
Tracie is able to represent you before the California Franchise Tax Board or the Oregon Department of Revenue and discuss any problems that may arise. She has assisted several businesses and individuals through the audit process, and has a proven track record of obtaining positive results for our clients.