Business tax and accounting
A stronger business starts with records you do not have to second-guess.
GTS works with East Bay owners on the recurring accounting that keeps a business current, then prepares the business return from books that are already reconciled.
Verified services
What the engagement covers
- Business tax-return preparation (partnership, corporate, and Schedule C)
- Bookkeeping and transaction coding
- General-ledger accounting
- Bank and credit-card reconciliations
- Accounts payable and accounts receivable
- Payroll support
- Sales-tax reporting
- Financial-statement preparation
- QuickBooks support
- Business tax planning during the year
- New-business accounting setup
Responsibilities, stated plainly
- GTS is responsible for
- Recording and reconciling the transactions you provide, preparing the agreed deliverables on the agreed cadence, telling you what is missing, and flagging items that need your decision.
- You are responsible for
- Providing statements and source documents for each period, approving classifications we ask about, and answering open questions so the period can be closed.
- Deliverables
- Reconciled books for the period, the financial statements included in your engagement, the filings covered by it, and a list of anything still outstanding.
Scope, cadence, and pricing are confirmed in writing before work begins. The examples below describe common engagement shapes rather than a fixed package.
Frequency
Monthly, quarterly, annual, or project-based
Monthly
- Bank and credit-card reconciliations
- General-ledger coding and cleanup
- Accounts payable and receivable maintenance
- Financial statements for the closed month
Quarterly
- Payroll-tax filing support
- Sales-tax return preparation and filing
- Estimated-tax review for owners
- Year-to-date profitability check-in
Annual
- Business tax-return preparation
- Year-end adjusting entries and depreciation
- Owner compensation and distribution review
- Planning conversation for the coming year
Project-based
- New-business accounting setup
- QuickBooks file setup or cleanup
- Catch-up bookkeeping for prior periods
- One-time financial-statement preparation
Which of these applies to your business depends on transaction volume, payroll, and sales-tax obligations. We confirm the engagement model with you rather than assuming one. See how an engagement runs.
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