UA-117847816-1 Financial Services - Washington Accounting Services

Financial Services

Small Business Accounting Services


At Washington Accounting Services, a Kitsap County Accounting Group, we understand the challenges that small businesses are facing today. In order to be successful, every business owner needs access to accurate and timely financial accounting information. With our guidance you will have all the financial information you need to make the right decisions for the short and long-term success of your business. Our Kitsap County Accounting Services will take the time to get to know your business so we can become a true partner in your success. We provide a range of small business accounting and bookkeeping services that can be personalized to meet your specific needs.


We offer a variety of accounting services to meet all your needs including cash flow monitoring, budgeting, and bookkeeping. We'll even recommend ways to streamline your accounting processes to save time and improve efficiency. Armed with our support and the detailed financial data we deliver, you'll get a clear picture of where your money is going and how to curb expenses. No matter what accounting services your small business requires, we always provide reliable financial solutions and sound advice.



 

Small Business Services

1Small Business Services
Accounting and bookkeeping Outsourced controllership Financial statement preparation Compilations and reviews Audits Payroll services including payroll taxes Budgets and forecasting

Accounting Solutions for Small Businesses

Have you considered outsourcing your accounting and bookkeeping responsibilities to a local Accounting firm backed by a CPA? Washington Accounting Services can focus on handling your complicated accounting issues while you do what you do best - run your business. Why spend money and time maintaining an in-house accounting department when we can get the job done with no hassles and at a better price?
Washington Accounting Services will help you reduce operating expenses, improve efficiency and avoid costly bookkeeping mistakes. With Washington Accounting Services on your team you will confidently make important financial decisions for your business knowing that your accounting processes are overseen by the qualified professionals at a local Kitsap County Accounting firm backed by a CPA. You can rely on us to answer questions and provide timely, accurate financial data when you need it most.

Washington Accounting Services is a Kitsap County Accounting Services Firm committed to our clients' financial success. We know that careful business planning is the key to helping your business be profitable and continue to grow over time. That's why Washington Accounting Services offers a winning combination of financial management, operational support and strategic planning to help you make smart financial decisions that will benefit your business in the years to come. Don't go it alone, our knowledgeable team is ready to offer sound advice to help you make critical financial decisions so your business can succeed.

Experience the comfort of knowing you have a local experienced Kitsap County Accountant with a reputation for integrity and quality service in your corner ready to handle complicated tax issues while helping you plan for the future. Request a free consultation today to discuss your business goals with the accounting professionals at Washington Accounting Services .

Our Accounting Services can assist you with business start-up, incorporation and entity selection services. Washington Accounting Services has the experience to help advise and guide you in choosing the best business entity to meet your short and long term goals. Many businesses are formed without the owner ever really considering the implication of each entity type. Selecting the wrong type of business structure can result in unnecessary taxes, increased liability and other consequences.

We consider all the factors including asset protection, your personal liability, state and local laws, future growth and how to minimize your taxes. With our guidance and support you will be able to choose the best legal form of business organization> so you can minimize your future tax obligations and grow your new business.

Individual Services

We can serve as the individual’s or family’s full accounting department, processing cash receipts and disbursements, reconciling accounts, and performing month-end, quarter-end or annual general ledger and financial reporting functions.
Our accounting professionals help individuals and families with significant or complex investments with tracking, reconciling and accounting for investment activity.
We are experienced in handling the unique accounting and reporting issues related to family partnerships, private aircraft ownership and leasing, foundations and charitable entities, alternative investment funds, construction projects and closely-held businesses.
We help clients formulate budgets, and forecast and monitor performance, while providing continued financial analysis focused on achieving strategic plans.
We assist clients with payroll processing and the preparation of payroll tax returns and annual Forms W-2 for personal employees.
 

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Tax Planning Services

Proactive planning is the key to managing tax liabilities for both businesses and individuals. Start planning your tax strategy today by working with our highly experienced in Kitsap County, Washington Accounting Services . We're constantly studying the tax code and developing new techniques to save our clients the most money on taxes.

At Washington Accounting Services , we offer tax planning services for businesses at every stage. For new business start-ups, implementing the right tax strategy at the outset can make all the difference in profitability later on, so we create short and long-term tax plans that encourage sustainable profitability and growth. For mature businesses, we'll review your current structure and implement any changes needed to increase profits. No matter what stage your business is in, we'll be sure it's positioned to take advantage of all tax deductions allowed under state and federal law.

Tax Services

1Tax Return Preparation Services
Personal tax returns
Corporate tax returns
Partnerships
LLCs
2What do you get with our tax preparation services?
A dedicated tax professional to review and prepare your tax return. Review of previous tax returns. Electronic filing (E-file) of your return. Insightful recommendations on how to reduce your tax liabilities in the future. Access to IRS assistance in the event of an audit.
3Tax Planning Services
Identifying tax exemptions Minimizing total tax liability on assets and investments Deferring income to lower expenses
4Tax Services for Small Business Owners in WA
For small business owners, Washington Accounting Services offers specialized services to meet the needs of both your business and personal income tax returns. We'll review your bookkeeping to reduce the risk of an IRS audit, prepare a full Schedule C for reported business income and file your personal income tax return, all in an effort to minimize tax liabilities and maximize your return. Our staff can also help you establish a reliable bookkeeping system to better organize your finances making running your business smoother and tax reporting more efficient.

Quickbooks Services

Our Kitsap County QuickBooks Accounting Services offers a complete range of QuickBooks consulting, set-up, training and ongoing support to meet the needs of your business. We have the accounting, tax planning and QuickBooks experience to help you maintain your QuickBooks throughout the year. With our help you can be sure your books are organized and accurate so year end tax return preparation goes quickly and smoothly. This will help minimize your year end accounting fees. In addition, with a clean QuickBooks file you will have financial data that can help you make confident management and planning decisions for your business.

QuickBooks Support for Small Businesses

1QuickBooks Support for Small Businesses
Help choosing the right version of QuickBooks
Set-up and installation of QuickBooks
QuickBooks training
Ongoing QuickBooks support
QuickBooks file clean up
Year round tax planning
Income tax preparation
Other small business accounting services
Outsourced accounting
2QuickBooks Set Up Support
We are not only QuickBooks ProAdvisors, but we are CPAs and accountants, too. When you work with our Kitsap County accounting firm, we view ourselves as a trusted partner in your business. We work with hundreds of small businesses throughout Kitsap County providing outsourced accounting, tax planning and QuickBooks services, but our number one priority is to save your business money.
3Learn to use QuickBooks with Confidence
Although QuickBooks is designed for the average user to understand, the initial set-up and installation must be done correctly. With our guidance your business will be able to produce financial information that will help you make critical business decisions and ensure efficient tax preparation at year end.
4Tax Services for Small Business Owners in WA
Conduct an on-site evaluation of your software and accounting needs.
Recommend software and hardware requirements.
Determine the correct chart of accounts for your specific business including payroll, accounts receivable, inventory, accounts payable, etc.
Map the accounts for tax preparation purposes to help you save money on tax preparation fees.
Create templates for invoices, purchase orders and statements that meet your needs.
Set-up online downloads from financial institutions.
Train in-house bookkeeper or business owner to meet your accounting, tax and management needs.
5Ongoing QuickBooks Support
Monthly, quarterly and annual review of your QuickBooks data file
Help fixing errors in your data and keeping QuickBooks up-to-date
Training on how to use QuickBooks reports and features
Guidance and support for your bookkeeper
Availability to answer questions and troubleshoot QuickBooks problems

Incorporation and New Business Advisory Services


Our Accounting Services can assist you with business start-up, incorporation and entity selection services. Washington Accounting Services has the experience to help advise and guide you in choosing the best business entity to meet your short and long term goals. Many businesses are formed without the owner ever really considering the implication of each entity type. Selecting the wrong type of business structure can result in unnecessary taxes, increased liability and other consequences. We consider all the factors including asset protection, your personal liability, state and local laws, future growth and how to minimize your taxes. With our guidance and support you will be able to choose the best legal form of business organization> so you can minimize your future tax obligations and grow your new business.



 

New Business Advisory You Can Trust

1New Business Advisory You Can Trust
Incorporation and entity selection
Filing startup paperwork
Federal and state tax ID applications
Tax planning advice
QuickBooks set up and installation
Payroll services
2We provide new business advisor services for:
Corporations – C Corporation, S Corporation
Limited Liability Companies (LLC)
Limited Liability Partnerships (LLP)
If you have further questions, we invite you to call our office at 360-900-8646. There is no cost or obligation for the introductory consultation.

Accounting Solutions for Small Businesses

Washington Accounting Services, a Kitsap County accounting firm has helped many businesses simplify the incorporation and business formation process.
Here are some popular entity types for businesses.
Each entity selection choice has tax advantages and disadvantages that must be considered before making a decision for your business.
We invite you to call us at 360-471-6145 and we'll help answer your questions about how to minimize your taxes and incorporate your business.

Washington Accounting Services will help you reduce operating expenses, improve efficiency and avoid costly bookkeeping mistakes. With Washington Accounting Services on your team you will confidently make important financial decisions for your business knowing that your accounting processes are overseen by the qualified professionals at a local Kitsap CPA firm. You can rely on us to answer questions and provide timely, accurate financial data when you need it most.

A limited partnership is comprised of general partners and limited partners. The general partners have management authority and personal liability for obligations of the limited partnership. The limited partners are cash investors and have no management authority. The limited partners have limited liability only for the amount invested in the limited partnership. The limited partnership is not a separate taxpaying entity and is often formed with a C corporation or S corporation as the general partnership.
An LLC must file Articles of Organization with the Secretary of State in order to be formed and it requires an organizational agreement similar to a partnership agreement. The owners or members of the LLC are shielded from personal liability for the obligations of the LLC. The LLC may be taxed as a partnership so income and deductions are reported by its members on their respective individual income tax returns.

A corporation is a separate legal entity. Its owners or shareholders have no personal liability for the obligations of the Corporation.
The disadvantage of a traditional corporation (C corporation) is double taxation since tax is both paid on corporate income and again when shareholders pay income tax on dividends.
To avoid double taxation, corporations that qualify make a special S election to be taxed only once. These corporations are known S corporations.
C-Corporation

Double taxation - Corporation taxed on its income; shareholders taxed on distributions or dividends from the corporation
Separate legal entity distinct from shareholders
Offers good asset protection
S-Corporation
Must meet certain requirements or risk being treated as C Corporation Separate legal entity distinct from shareholders
Corporation will not be taxed, but shareholders report tax on individual returns
Offers good asset protection

Small Business Services
Tax Services
Quickbook Services

If you have any
questions call, text, or Email Bryan