Financial Services
Financial Services
Bookkeeping Services
Bookkeeping is the process of tracking all documentation of any financial transactions that a business entity makes from launch to closure.
Business owners or bookkeepers record business activities based on supporting documentation, depending on the accounting principles the company implements. Bookkeeping is different than accounting.
Bookkeeping vs Accounting
Bookkeeping is a transactional and administrative role that handles the day-to-day task of recording financial transactions, including purchases, receipts, sales, and payments. Accounting is more subjective, providing business owners with financial insights based on information taken from their bookkeeping data.
Financial Services
Accounting Services
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. Bookkeeping is a transactional and administrative role that handles the day-to-day task of recording financial transactions, including purchases, receipts, sales, and payments. Accounting is more subjective, providing business owners with financial insights based on information taken from their bookkeeping data.
Financial Services
Individual Taxes
An individual income tax (or personal income tax) is levied on the wages, salaries, investments, or other forms of income an individual or household earns. The U.S. imposes a progressive income tax where rates increase with income. The type of tax return filed by an individual. Both single and married taxpayers, with and without dependents, file this type of return. Individual filers always file their returns on a version of Form 1040. Every individual filer who earns a certain amount of income must file this type of tax return.
At Beyond Financial, we work to make it easy and convenient for the customers. By utilizing technologies, a completely paperless work process is made possible. No matter where you are, we can save your valuable time and resources. Just scan and email your information and documents to us.
Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures
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Business Taxes
As a business owner, it’s important to understand your federal, state, and local tax requirements. This will help you file your taxes accurately and make payments on time. The business structure you choose when starting a business will determine what taxes you’ll pay and how you pay them.
