Whether your business is new or old, it needs efficient accounting services for growth and sustainability.
Having your books in top shape all year round is an achievement that can help your business function smoothly and provide grounds for sound and promising business decisions.
As your accounting needs will continue to grow with your business, it is imperative to pay careful thought to a long-term and viable solution for this vital part of your business.
We appreciate that you are considering giving Bookkeeper with Benefits the opportunity to take care of all your bookkeeping needs, and we assure you by letting us be your professional bookkeepers you will:
• have availed the services of highly qualified, experienced bookkeeping professionals;
• have more time to focus on revenue generating activities, rather than revenue recording activities, and
• saved resources to run your business successfully.
We will prove, through our dedication and high performance, that you have purchased peace of mind under the guise of professional bookkeeping services.
Bookkeeping
- Bookkeepers are responsible for providing accurate, up-to-date financial information about a business. We are always taking the pulse of a business. Most often, our reports go to business owners and managers to help you make sound business decisions.
- Create reports and balance sheets that document overall profits and losses
- Record financial transactions
- Reconcile bank accounts
- Manage bank feeds
- Track and record accounts receivable
- Track and record accounts payable
- Track and record payroll
- Work with your tax preparer and assist with tax compliance
- Prepare financial statements
- Make technology and process streamlining recommendations
- **QuickBooks Advanced Pro Advisor
- **Xero Certified
Hr/Payroll
- Maintaining payroll information by collating, calculating and entering data
- Updating payroll records by entering any changes to employee information or benefits such as job title changes, exemptions and saving deductions
- Preparing reports that include summaries of earnings, tax deductions, leave, compassionate leave and non-taxable wages
- Calculating payroll liabilities by determining employee taxes, including federal and state income and social security tax, and calculating employer’s payments for social security, unemployment and worker’s compensation
- Resolving payroll discrepancies and answering any employee payroll queries
- Maintaining all payroll operations according to company policies and procedures
- Processing and issuing W-2 forms to employees as well as 1099 forms to contractors
- **Gusto Certified People Advisor
Accounts Payable/ Receivable
- Maintain bookkeeping databases and spreadsheets, updating information as needed
- Communicate with previous clients and customers to request payment and arrange payment plans
- Collect payment from customers and accurately record it into the system
- Update client accounts based on payment or contact information
- Managing accounts payable using accounting software and other programs
- Handling accounts payable for separate entities and vendors
- Analyzing workflow processes
- Establishing and maintaining relationships with new and existing vendors
- Ensuring bills and payroll are paid in a timely and accurate manner while adhering to departmental procedures
- Processing due invoices for payments
- Comparing purchase orders, prices, terms of payment and other charges
- **Bill.com certified
Specialized Tax Incentives
Our proprietary software helps identify local, state, and federal tax incentives available for your business. On average, for a small to mid size company, we are able to identify over $200k.
Corporate Expense Reductions
Our 11 point expense analysis identifies overcharges and billing errors in key expense areas such as Credit Card Merchant Processing, Parcel Shipping, Waste & Recycling, Property Taxes, and Workers Compensation Premiums.
Financial Services
From a retirement plan that has all of the benefits of a qualified plan without being a qualified plan to corporate financing, we have you covered!
Industries
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Auto Dealerships
Why Automotive?
Over the years and throughout the country, GMG has successfully worked with nearly every major automotive dealership brand including niche brands such as Harley Davidson.
If you are like many of our Auto Dealer clients, you have been forced to make significant improvements to your facility. These improvements are generally to your show room, office areas and building facade and are often in excess of $1,000,000. These improvements are eligible for Cost Segregation, and potentially 100% Bonus Depreciation!
We also specialize in reducing Property Taxes for Auto Dealerships which are often exorbitantly high due to the large lot size. If you own an Auto Dealership and have not completed an Engineering-based Cost Segregation study or Property Tax Review, we would love to work with you.
Auto Dealerships typically achieve the following Specialized Tax Incentives and Corporate Expense Reduction averages:
- PROPERTY OWNER TAX INCENTIVES: $80,000
- PROPERTY TAX SAVINGS 18%
- WASTE & RECYCLING SAVINGS 27%
- WORK COMP INSURANCE SAVINGS 15%
Hotels
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Manufacturers
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Medical
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Restaurants
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Temp Staffing/Labor
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Transportation
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Warehousing
Construction
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Cannabis
Commercial Real Estate Investors
Nowadays, minuscule bank returns and a nervous stock market have many turning to other investments. Those placing their hard earned money (and credit) into the world of Commercial Real Estate Investment, need to know their tax incentive options, which mainly revolve around “depreciation”.
Every commercial property should be depreciated properly, especially for those generating positive cash flow. Furthermore, new construction properties over the past few years have additional “bonus depreciation” eligibility as well. At a time when tax rates are increasing, not going after these benefits can be quite costly.
We work with Commercial Real Estate Investors across the nation on maximizing tax incentives for their investment properties. If you have constructed, purchased, or renovated, commercial real estate over the past few years, let GMG complete a free analysis to determine your tax incentive opportunities.
Commercial Real Estate Owners & Investors with properties such as Apartment Complexes, Malls, Office Plazas, etc. typically achieve the following Specialized Tax Incentives and Corporate Expense Reduction averages:
- PROPERTY OWNER TAX INCENTIVES: $240,000
- PROPERTY TAX SAVINGS 18%
- WASTE & RECYCLING SAVINGS 27%
- WORK COMP INSURANCE SAVINGS 15%
Other Industries
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Funeral Homes
An often-overlooked industry for federal tax incentives is Funeral Homes. In this industry, the business has often remained “in the family” for many years, even generations. As a result, federal tax incentive eligibility has rarely been investigated.
Fortunately, for Funeral Home owners, there is likely a considerable benefit waiting for them. Since most Funeral Homes have been purchased or constructed for over $1,000,000 and the business is generally paying taxes at a high bracket, they are ideal candidates for the Cost Segregation tax benefit. Furthermore, we have seen many Funeral Homes across the nation undergoing significant renovations, most of which qualify for the benefit as well.
If you own a Funeral Home and have yet to complete an Engineering-based Cost Segregation study, now is the time to investigate this benefit. Your bottom line will thank you!
Funeral Homes typically achieve the following Specialized Tax Incentives and Corporate Expense Reduction averages:
- PROPERTY OWNER TAX INCENTIVES: $153,000
- CREDIT CARD PROCESSING 21%
- PROPERTY TAX SAVINGS 18%
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