Bookkeeping

Construction

Accounting and Tax Needs:

• Tracking income from construction projects, including contract revenue and progress billings.
• Managing accounts receivable and payable, including invoicing clients, tracking subcontractor payments, and managing material costs.
• Tracking and categorizing expenses such as labor, materials, equipment rentals, subcontractor costs, and overhead expenses.
• Deducting expenses related to equipment depreciation, insurance, permits, licenses, and safety training.
• Ensuring compliance with construction industry regulations, including licensing requirements, safety standards, and building codes.

Mortgage Agents

Accounting and Tax Needs:

• Tracking commission income and expenses related to mortgage transactions.
• Managing accounts receivable and payable.
• Tracking and categorizing business expenses such as advertising, office supplies, and professional development.
• Deducting expenses related to marketing, advertising, office rent, and utilities.
• Ensuring compliance with regulations related to mortgage lending and brokerage.

Real Estate Agent

Accounting and Tax Needs:

• Tracking commission income and expenses related to real estate transactions.
• Managing accounts receivable and payable.
• Tracking and categorizing business expenses such as marketing, advertising, transportation, and client entertainment.
• Deducting expenses related to marketing, advertising, office rent, and utilities.
• Ensuring compliance with real estate regulations and licensing requirements.

Restaurants

Accounting and Tax Needs:

• Tracking sales revenue from food and beverage sales.
• Managing inventory and cost of goods sold (COGS).
• Tracking and categorizing expenses such as food and beverage costs, labor costs, rent, utilities, and equipment maintenance.
• Deducting expenses related to advertising, marketing, and restaurant supplies.
• Ensuring compliance with food safety regulations and labor laws.

Consultants

Accounting and Tax Needs:

• Tracking consulting fees and project income.
• Managing accounts receivable and payable.
• Tracking and categorizing business expenses such as travel, professional development, and office supplies.
• Deducting expenses related to marketing, advertising, and client entertainment.
• Ensuring compliance with consulting industry regulations and professional standards.

Start ups

Accounting and Tax Needs:

• Setting up accounting systems and processes to track revenue, expenses, and cash flow.
• Managing accounts receivable and payable.
• Tracking and categorizing startup expenses such as product development, marketing, and legal fees.
• Deducting expenses related to research and development, marketing, and office expenses.
• Ensuring compliance with startup-specific regulations and reporting requirements.

Franchises

Accounting and Tax Needs:

• Tracking franchise fees, royalties, and other franchise-related income.
• Managing accounts receivable and payable.
• Tracking and categorizing business expenses such as franchise fees, royalties, marketing, and supplies.
• Deducting expenses related to marketing, advertising, and franchise support.
• Ensuring compliance with franchise agreements and franchise regulations.

Self employed/ Sole Proprietors

Accounting and Tax Needs:

• Tracking self-employment income from freelance work or independent contracting.
• Managing accounts receivable and payable.
• Tracking and categorizing business expenses such as home office expenses, professional development, and client-related expenses.
• Deducting expenses related to marketing, advertising, and business supplies.
• Ensuring compliance with self-employment tax requirements and reporting obligations.

Truckers/Trucking

Accounting and Tax Needs:

• Tracking income from freight hauling, delivery services, or other trucking-related activities.
• Managing accounts receivable and payable, including invoicing clients and paying vendors.
• Tracking and categorizing expenses such as fuel, maintenance, insurance, permits, and tolls.
• Deducting expenses related to vehicle maintenance, repairs, and depreciation.

Uber/Lyft Drivers

Accounting and Tax Needs:

• Tracking income from ridesharing services such as Uber or Lyft.
• Managing accounts receivable and payable, including processing payments from rideshare platforms and paying for vehicle-related expenses.
• Tracking and categorizing expenses such as fuel, vehicle maintenance, insurance, and cell phone bills.
• Deducting expenses related to vehicle depreciation, lease payments, and rideshare-related fees.
• Ensuring compliance with ridesharing regulations and reporting requirements.