Bookkeeping And Payroll

As a full-service accounting firm, we handle a variety of bookkeeping services for local Wilmington, N.C., businesses. We take pride in the fact that our services are customized to fit your needs and free you up to concentrate on growing your business.

On-site Data Support and Entry

We come to YOU. Whether you need someone to help you understand your software system better or complete live data entry, we can come in at your convenience and support your business with all of your accounting needs.

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Monthly and Quarterly Record Keeping

YOU supply the information. WE will …

• Reconcile Accounts
• Forecast Expenses
• Keep Accurate Data
• Process State Sales/Use Tax Forms
• Process Financial Statements
• Manage your Accounts Payable and Receivable

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Periodic Data Audits

Are you currently using a system to track your business? Then just bring in a copy of your system, or we will come to you.

We will audit your records and supply you with suggestions on correcting common errors or come to your office and make the changes directly on your system. You will receive an audit report of what your issues are and how to utilize your data more effectively.

Did you know that most accountants who prepare your returns charge you for this? If you could lower you tax preparation bill by knowing WHAT to look for and entering the data correctly the first time, would you?

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Sales Tax Reporting

Whether you are on a monthly reporting or quarterly reporting schedule, we will keep you in compliance of the reporting and rate changes.

Did you know that even if you do not collect sales tax from your customers but make Internet purchases from companies who do not charge you sales tax, you are required to report these purchases on a sales tax report and pay the taxes?

Did you know that if you are a business providing LABOR and Material to a customer that your invoices must reflect the breakdown of each? If not, then ALL cost on the invoice is subjected to sales tax?
These are two BIGGEST areas in which business under AUDIT get penalized.

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Workman’s Comp Reporting

Monthly workman’s compensation tracking and reporting is vital to any construction business. With the rising rates, companies need to know what the immediate impact is to any project cost. Since this is directly associated with your payroll or subcontract labor, it is essential to keep ahead of the curve. Our software system is fully capable of easing the burden of tracking this cost and helping to eliminate the dreaded “Insurance Audit Invoice” that many companies inadvertently face each year.

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Insurance Audits

Workman’s compensation reporting and insurance audits normally go hand-in-hand. If you do not handle the reporting of payroll correctly throughout the year, or if you have not estimated your payroll at the beginning of the year accurately, the audit can turn into a nightmare.

Workman’s compensation audits are completed yearly and are based on your payroll for the year. Many companies are not aware of the different rate codes they have and which employees fall under what rate. If the audit information is not presented is a concise manner, then an audit bill can be a very bad surprise.

Many companies are not aware that their general liability will request an audit also and that this is normally based on your total sales/income and/or your subcontract labor.

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Simplified Payroll Processing

Fax, email or call in your hours for your employees; we will take your information and generate concise reporting. This will provide the information that you need to pay your employees and taxes in a timely fashion. We provide the personnel and the software, you save time and cost.

• Employee Reports – Paystubs
• Detailed Earnings Report
• Generate Monthly Payroll Tax Reporting

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Full-Service Payroll Processing

Our full-service payroll will take all worries out of your hands. Paying your employees and payroll taxes becomes a breeze because we do it for you. All payrolls are generated within a controlled environment. There’s no room for errors here.

• Check Processing
• Keep Accurate Employee Records
• Detailed Earnings Report
• Generate Monthly Payroll Tax Reporting
• Escrowing Payroll Taxes
• Payment of Tax Deposits
• Quarterly Reports

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Monthly and Quarterly Payroll Reporting

This is considered “after the fact” payroll. You generate and track your payroll, and we take it and generate all the payment records and reports for you.

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Yearly Payroll Reporting

Many companies have the capability to track and generate the necessary payroll data on a weekly and quarterly basis, but like to have this reviewed yearly or lack the software to generate the necessary year-end forms.

With our yearly payroll reporting, we review and reconcile ALL payroll data BEFORE we generate W-2s and yearend payroll forms. This ensures that you do not receive any “nasty” letters from state and federal agencies a year later, stating that your quarterly records do not match your year-end reports. This frees you from possible HEAVY penalties and interest for errors.

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1099 Preparation

Generating these forms can be a hassle to many companies. Have you received a completed W-9 form from each of your subcontractors? Do you have certificates of insurance from them? These forms are essential to ensure all needed information is available at years’ end. We take all your raw data and generate these forms for you.

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