Why Choose Professional for Corporate Tax Services

Whenever you do something on your own, you save money. When you hire someone it will cost higher. Accordingly, tax professionals will plan your company's income tax return on your behalf. While you could save money by doing it yourself, but professional tax planning companies offer some advantages. Consider the advantages of hiring a CPA North San Antonio team and determine if they outweigh the costs.

Ease the Burden

For some companies, tax returns can be complicated. A small business owner who itemizes his deductions has to complete and file IRS 1040, Schedule A, Schedule C, and Schedule SE among all other forms. Each one of them requires various information from the taxpayer. If you hire someone to manage your taxes, the risk of errors reduces with every form you need to file. A small business accounting firm can ease the burden.

Maximize your Tax Deductions

One of the main advantages of hiring a tax planning company is that they can maximize your tax deductions. There are so many ways to find deduction in any business operations, but many entrepreneurs, business leaders fail to recognize them.

Thankfully, experienced CPA services in San Antonio have the knowledge to help you identify and maximize all your small business tax deductions. The more deductions for which you're eligible the more money you will get refund thus reducing your burden.

Professional Tax Advice

The tax rules are highly complicated before you can use a deduction or credit, every taxpayer must qualify for it. A professional CPA firm can help find deductions and credits for which qualify and can give the best advice on certain tax issues. For example, there may be a chance you're eligible only to use both a tuition deduction and an education credit, but you're only allowed to use one. A business accounting Stone Oak firm can help you decide which one to take, the deduction or the credit.

Gives Peace of Mind

Even if you have successfully completed your business taxes alone, would you feel confident that it was done correctly? Are you sure that you found every tax deduction that you were eligible for? Are you ready to defend your income tax return if the IRS audits your company?

In most cases, the answer to these questions is “no.” There is no reason to make this time of the year any more stressful than it already is- find a professional like UHLENBROCK CPA and give yourself and your team peace of mind.

3 Bookkeeping Mistakes Made By Small Businesses

 

Almost every entrepreneur plans to grow their business and reach unattainable heights. However, not everyone manages to do so and there is one common obstacle behind it that is Bookkeeping and accounting. 

Whether it's a start-up firm or an established organization, bookkeeping is important to every business's success. However, some small companies usually don't have professional bookkeepers, despite knowing all the pros and cons of bookkeeping.

Almost  6 out of 10 business owners believe that they don't have bookkeeping companies that have knowledge and expertise on small business accounting and corporate payroll services concepts. And can lead to common bookkeeping mistakes that can cause harm to their business during its initial stage.

In simple terms, Bookkeeping refers to organizing and preserving your financial and accounting details which include tax planning, tax records, payroll details, ledgers, etc. Hiring a bookkeeping and accounting company can effectively do financial assessment and management. It also eliminates the risk of obtaining an audit from the CRA and it allows business owners to keep track of growth and profit on an annual basis.

So, here are some of the bookkeeping that businesses need to avoid:

1. Lack of Business Plan

Planning is a must for starting or running any business. Building a strong business plan ensures that the organization is prepared and ready to be in operation. Your business plan should include your financial goals, payroll management and of course accounting process. It should layout the schedules and the staff who are responsible for taking care of each task. This way, there will be a balance as to when certain financial deliverables should be ready and who should be responsible for creating them.

2. Failing to Maintain Records

The recent advancements in cloud technology have made the corporate bookkeeper's job easier because there is a more secure and feasible option available in cloud hosting. It does an excellent job to make sure the data is accessible 24/7 regardless of the time and location. But there could be some problems for starters, technical glitches can prevent you from getting business reports, bank statements, and other important documents on the cloud server. This is why you should maintain a digital backup of every record.

3. Getting Rid of Receipts for Small Purchases

Buying several stationery items, spending a few dollars on a RO water system and many other small purchases often do not have records in the books. Many small business owners or start-up founders disregard such expenses receipts and it could create difficulties in budgeting and assessing cash flow if these small expenditures might amount to a hefty sum.

It is advisable to maintain receipts for all the business expenses amounting to less than $50.

So, to avoid these mistakes you need to outsource bookkeeping services. Hire the UHLENBROCK CPA team to get a customized accounting system that allows you to make strategic business decisions. You can get in touch if you want a small business CPA in San Antonio.

Why You Should Be Using a Payroll Solution

Do you need to outsource payroll services? Payroll companies in your city or state can automatically process payroll calculations, compliance management, tax statements, annual taxes, and more. Many business owners across the world prefer to outsource small business CPA San Antonio to ensure that their employees and taxes are paid on time in a correct manner. If you’re planning to outsource the best payroll service provider their team of payroll experts can help you meet filing deadlines and deposit requirements and streamline external/internal business operations. A company’s payroll solution can be crucial to its success because employees expect to get their salary on time and problems with wages and hours can be escalated to the local wage department with a phone call or an email. They will open up an investigation on the wages issues that might be costly for an organization in terms of time, legal formalities, accounting fees and reputation of the company. 

In short, the payroll of the company should be on time every month, and not having the right payroll service can directly affect employees which can, in turn, affect your business.

This is why comprehensive payroll software is the best way to ensure efficiency in the organization. Payroll companies will allow you to get automated as well as their system can be seamlessly integrated with employee’s attendance, working hours, allowing HR managers to focus on core business issues and now always be stuck with management work.

Here are the top reasons why companies prefer a payroll system:

No more errors

Over the last three years, the IRS department levied $4.35 billion in penalties for mistakes companies made in their employment annual taxes. Manual processing of the payroll is bound to create big mistakes which can lead to wrong taxes amount, ignoring taxable items, feeding forms with wrong details, and much more and these mistakes come at a huge cost for companies. Hence, corporate payroll services have becomes an important tool to avoid these mistakes.

Customized you fit your needs

Good payroll software gives access anytime to employees where they can view their salary and benefits records at the click of a button. With this, all the key information of the employees and freelancers can be stored online, this will give you great control and saves time for employers who can also view all the data easily.

Enhanced security

Payroll companies offer software to avoid complex and potentially risky business operations. There is a risk of identity theft or tampering with employers’ records for personal gain…

If you hire a trusted and experienced payroll company they will offer you a ‘safe-haven’’ for your confidential payroll data. In addition, you will have redundant backup and multiple server locations.

Uhlenbrock CPA can provide you with a dedicated payroll expert who can provide as much support as you require around the completion of your company’s payroll process. If you want payroll services san Antonio company hire us!

Give us a call at 210-701-1040

How To Choose A Payroll Vendor?

Every company or store that hires staff has a different kind of corporate payroll process to pay its employees. Today, many organizations choose to outsource payroll service providers to make this process smoother, simpler and convenient than processing it on their own or reduce bookkeeping and other errors. Choosing the best corporate payroll services for your company can help you save time and money. A good payroll service will pay employees timely, taking most of the weight off your shoulders and file & pay payroll taxes.

In this guide, we are discussing tips to choose a payroll service that automatically processes payroll calculations, tax statements, annual taxes and more for your company.

Apart from payroll processing of employees and the handling of tax obligations, company’s should consider whether the payroll service offers multiple payment options like cheques, prepaid debit cards, direct deposit, and more. You will also want to see other features if they offer multiple wage rates, PTO management, employee’s compensation administration, health insurance, garnishment payments and monthly detailed payroll reports.

To make sure the payroll company delivers what it promises during the first meeting. It’s recommended to look for a vendor with a good reputation and experience in the industry. As you come up with a list of several vendors for payroll services in San Antonio, sort them as per reliability, reviews, rating on major industry news sites or in technology publications like PCMag.

The payroll system should be easy to use; it should not be complex to understand for non-technical people. On a user-friendly dashboard, one can run payroll and add employees into the system in a couple of minutes.

No matter which vendor you choose for payroll implementation should be pretty quick. Either you choose simple payroll, it should take less than seven days. You need to sign some documents, provide proper bank details and information on how you’re on file with income tax and agencies, share your employee’s details and direct deposit banking information. Even, you don’t have weight on your shoulders, ask the payroll provider to walk you through their entire process and timing so you will get to know what to expect.

Always look for a small business CPA that provides customer support whenever you need it. You should ask their team whether they will have a dedicated support representative to assist you in solving any queries, doubts, and errors.

If you want corporate payroll services for your small and medium-sized business, contact Uhlenbrock CPA. We are a San Antonio-based payroll company providing a complete range of services as per the client’s requirements.

Uhlenbrock CPA, PC.

1000 Central Parkway North, Suite 120

San Antonio, Texas 78232

+Ph: 210-701-1040

Fax: 210-701-1040

Email: mike@texascpa.net

www.uhlenbrockcpa.com

Benefits Of Automating A Payroll System

When you hire corporate payroll services, the automated payroll system enables you, as the employer, to process your payroll with the help of a computerized system. On the other hand, a payroll system that is manual would require processing by hand. Therefore, it is considered a slower procedure as compared to an automated system. The automated payroll system makes payroll processing easier and leads to a reduction in errors that are likely to occur using the manual system.

Less time consumed, fewer mistakes committed!

The hourly workers get their payment based on the hours they work during the pay period. In order to track hours, the employer uses a time-keeping system, which helps in making payments to the hourly employees accordingly. Therefore, it becomes very critical to computing each employee’s time accurately. Various employers use the method of a time clock in order to track work hours. For using a manual payroll system for computing the time clock data, it needs to be processed by hand. This method, therefore, increases the possibility of committing mistakes while computing. 

However, the automated time-keeping system gives the employer an opportunity to import time clock data into the payroll software. Hence, to clock in and out an employee uses a badge or swipe card, or the fingerprint or handprint method. The software computes the time worked after the employer transports the entries into the payroll software. This leaves the payroll staff member with the responsibility of ensuring that the time transported is appropriate and the necessary edits made.  

How do the payment calculations work?

In order to compute all the wages, the automated payroll system uses payroll software. Based on the data fed in by the payroll representative, the payroll software, such as QuickBooks, calculates gross-to-net earnings. Hence, the main outcome or result depends on how accurate was the input fed in by the representative was. Therefore, if the payroll representative neglects to make the entry of a terminated employee who had due severance pay, then the system will not pay it. Thus, the system is as reliable as the entries made by the representative. When it comes to the automated system, it performs many payments: overtime, hourly, salaries, double-time, bonuses, commissions, retroactive pay, pay raises, wage deductions, tuition reimbursements, and auto payments.  By now, you know that the automated system has the ability to eliminate manual paycheck writing. The system automatically enables direct deposit and generates stubs and paychecks.

We are a team of certified tax planners in San Antonio. Uhlenbrock CPA is a firm that provides small business accounting services like payroll services in San Antonio, to business owners to maintain their financial records. We aim at helping our clients in saving time and money to support the highest cost-saving. 

Need help in your business success to achieve your financial goals with small business accounting services? Reach out to us TODAY!!

Uhlenbrock CPA, PC.

1000 Central Parkway North, Suite 120

San Antonio, Texas 78232

+Ph: 210-701-1040

Fax: 210-701-1040

Email: mike@texascpa.net

www.uhlenbrockcpa.com

 

Understand Tax Planning & Its Benefits for your Business

Tax planning is an important part of every business. Tax planning is the analysis of a financial position or plans to assure that all factors work collectively to allow business owners to pay the lowest taxes possible. In simple words, we can say that every business needs a tax plan to save money and pay the lowest taxes to the government. A plan that reduces payable taxes is referred to as tax saving.

Tax planning Objectives: 

Tax planning is a vital part of the financial plan. For effective tax planning, all parts of the financial strategy fall in place most effectively. This occurs in the channelization of taxable earnings to various financial avenues. And, therefore, reducing the individual's tax debt. The investment expense post-lock-in can be used for fulfilling needs and work as the retirement corpus in most situations. All in all, the purpose of tax planning is to reduce the tax burden and accomplish economic stability.

Benefits of Tax planning:

Secure Economic Stability: 

Taxpayers’ money is given to the improvement of the country. Effective tax planning and management implement a good inflow of white funds that results in the sound growth of the economy. This benefits both the taxpayers and the market.

Reduce Litigation: 

To litigate is to settle tax disputes with governmental, local, state, or international tax authorities. There is oftentimes dispute between tax receivers and taxpayers as the past efforts to evoke the highest amount possible while the last urge to save tax liability to a minimum. Minimizing litigation saves the taxpayer from authorized liabilities.

Reduce Tax Burdens: 

Each taxpayer wants to defeat their tax load and keep the money for their future. You can reduce your payable tax by managing your finances in the multiple benefits given under the Income Tax Acts.

Leverage Productivity: 

One of the main tax planning purposes is channelizing funds from taxable origins to diverse income-generating plans. This assures optimal use of assets for productive purposes.

We provide outstanding tax planning services to our clients. We do the planning of taxes as the client needs. We commit professionalism, responsiveness, and quality in our work to all the clients. To know more about our tax planning services, contact us.

Uhlenbrock CPA, PC

1000 Central Parkway North, Suite 120

San Antonio, Texas 78232

+Ph: 210-701-1040

Fax: 210-701-1040

Email: mike@texascpa.net

www.uhlenbrockcpa.com

What Are The Advantages Of Small Business Accounting Services? Learn Now.

Small business accounting is all about the method, system, and people. It is done by recording the costs, earnings, and financial data of all business transactions. These duties are necessary to track and manage funds effectively, vital during the initial stages of expansion. Small business accounting translates numbers into an understandable statement of the profitability of the businesses.  

Small business accounting helps to keep up-to-date company’s performance in the past and present, small business accounting further helps to generate invoices and complete payrolls. This service helps to review the company’s economic aims with the accounting strategy. To achieve financial goals every business should take the advantage of small business accounting services from certified tax planners.

Advantages Of Small Business Accounting Services: 

Save Your Time: Business owners can save 231 hours per year, on average, by taking the help of small business accounting services tasks. These kinds of services can help you to focus on your business strategy and give you time to focus on expanding your business. Firms that provide these kinds of services will manage and maintain transactions and inaccurate financial reports of your business.

Help To Improve Collections: Small business accounting services can help business owners to increase their acquisition rates by 35% by updated documentation, invoicing, and collection calls.

Get Profitable: CPA firms can help small businesses improve profit margins by at least 10%. With the help of tracking the record and data firms will suggest a business to improve profit growth.

Save Money: Small business accounting services can help businesses to go over the records, finances, and accounts easily. This will record the last detail and can pinpoint wherever each penny is spent. From advising on potential savings to claiming business expenses will be done by CPA firms only. 

We are a team of certified tax planners in San Antonio. Uhlenbrock CPA is a firm that provides small business accounting services to business owners to maintain their financial records. We aim at helping our clients in saving time and money to support the highest cost-saving.           

Need help in your business success to achieve your financial goals with small business accounting services? Reach out to us TODAY...!   

Uhlenbrock CPA, PC

1000 Central Parkway North, Suite 120

San Antonio, Texas 78232

+Ph: 210-701-1040

Fax: 210-701-1040

Email: mike@texascpa.net

www.uhlenbrockcpa.com

Things You Should Know About Bookkeeping And The Types of Bookkeeping Accounts

Bookkeeping is the record, storing, and retrieving of financial activities for a business, nonprofit organization, firm, person, etc.

Bookkeeping can include basic financial activities such as:

(1) Billing for services provided or goods sold to the customers.

(2) Documenting receipts from clients.

(3) Funding suppliers.

(4) Recording receipts.

(5) Preparing employees’ salary payroll.

(6) Financial recording.

(7) Monitoring accounts receivable.

(8) Recording devaluation.

Here are the 5 important points you should know about bookkeeping services:-

Accounts Receivable- For every company that sells products or services and doesn’t receive payment instantly, then you have “receivables,” or money due from consumers. Tracking Accounts Receivable bookkeeping services helps to update accurate bills or invoices timely.

Inventory- To maintain and track unsold goods transactions, data must be done carefully for businesses, which can be easily done with the help of bookkeeping services.

Accounts Payable- Every business should have a clear view of their Accounts Payable to maintain records. Concise bookkeeping service helps to ensure timely payments and avoid funding someone twice.

Loans Payable- When you borrow money to buy machinery, utility goods, vehicles, furniture, or other things for your interest or your business, bookkeeping tracks account payments and due dates. 

Payroll Expenses- Many businesses take the help of bookkeeping services to keep a record of payroll expenses to maintain their account balance. Payroll expenses recording is essential for meeting tax and other government reporting necessities.

Uhlenbrock CPA is a certified tax planner in San Antonio and one of the preeminent CPA firms in San Antonio. We provide a wide range of services such as business services, tax preparation, and QuickBooks services. 

If you require help with bookkeeping services for your business or just want to manage your business more effectively, contact us.   

Uhlenbrock CPA, PC

1000 Central Parkway North, Suite 120

San Antonio, Texas 78232

+Ph: 210-701-1040

Fax: 210-701-1040

Email: mike@texascpa.net

www.uhlenbrockcpa.com

Why should you avail Business Bookkeeping Services in San Antonio?

Running a business is a daunting task. There are a lot of tasks and management work that need to be done. Without proper organization skills, your business could fail for simply missing out on important details about your finances. Luckily, you can outsource bookkeeping services to help you make business decisions that drive success.

Bookkeeping is an accounting function that allows you to have an organized presentation and analysis of your financial information. It allows investors, managers, and regulators to financially assess your business. It also allows you to file your taxes and payroll on time and take advantage of tax benefits when you file returns.

Professional bookkeeping services, especially those who’ve been operating for years, have experience dealing with different kinds of financial problems for different businesses. Hiring them means you’ll be provided with solutions that you know will work since these strategies were already used and practiced in the industry.

Regardless of the nature and size of your business, money is an important resource. You’ll have to be thrifty with your finances because most often than not, you still don’t have a steady source of income. Hiring professional bookkeeping services can help lower your costs in the long run. Outsourcing professionals for your accounting needs means you won’t have to hire full-time accountants, pay for their monthly salary and mandated benefits.

Uhlenbrock CPA is the best CPA firm in San Antonio, Texas offering world-class bookkeeping services in San Antonio and other regions. Following high standards, their professional service and specialized team spell the difference of outstanding performance, as compared to other firms.

They ensure that every client is served by the expertise of the whole firm for bookkeeping services as well as other services.

Contact Us

Uhlenbrock CPA

1000 Central Parkway North, Suite 120 San Antonio, Texas 78232

Phone: 210-701-1040, Fax: 210-701-1040

Email: mike@texascpa.net

Visit: www.uhlenbrockcpa.com