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
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.
- Bill Paying, Accounting and Financial Statement Preparation
- Investment Accounting
- Other Specialized Accounting
- Preparation of Budgets and Cash-Flow Projections
- Payroll Reporting
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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.
Corporate tax returns
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
Set-up and installation of QuickBooks
Ongoing QuickBooks support
QuickBooks file clean up
Year round tax planning
Income tax preparation
Other small business accounting services
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.
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
Filing startup paperwork
Federal and state tax ID applications
Tax planning advice
QuickBooks set up and installation
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
- Popular Forms of Business Formation
- Limited Liability Partnership (LLP)
- Limited Liability Company (LLC)
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 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.
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
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