Keeping records is a very important aspect of doing business. It lets you know how your business is going, alert you to what may require attention and guide you chart your course. Also, accurate and timely record keeping lets you stay compliant with the IRS and with other relevant regulating agencies giving you peace-of-mind. We also believe that the best business decisions are made when based upon factual, complete and timely information.
This is where Lifeway Tax Accounting Bookkeeping comes in. For small and medium sized businesses that do not have a fully functioning accounting department, keeping accurate and timely records is tedious and diverts your valuable time and resources, preventing you from doing your main thing. We’re here to worry about your record keeping and free you up so you can devote your time to managing your business. We have the resources, expertise and leverage, to offer timely, quality and secured bookkeeping services at inexpensive rates.
All packages start with a personal meeting with you to determine your accounting/bookkeeping needs. During this needs assessment meeting, we will discuss the nature of your business, the volume and complexity of your data and your needs and wants. We will then define the scope of the engagement, the reporting required, the timetable for reporting and other factors. We call this the package. All packages will include Financial Reports as may be required by your tax preparer or CPA. Our service includes complying with data request by your tax preparer or CPA to assist them with audit or tax filing.
All packages will require an engagement document and payment of a one-time fee of $150.00 for review and set-up of the chart of accounts, report design and documents organization. Client staff will be trained on how to organize and forward documents (electronically, by fax or by mail). For clients who start with a free trial, this fee will be collected only when they sign up for regular service.
If you are in these businesses, we got you covered:
With Lifeway Tax Accounting Bookkeeping, you get professional, accurate and timely bookkeeping service committed to giving you best practices GAAP*** and IRS**** compliant record keeping. We will not sell you services that you do not need. Our service is professional, responsive, and committed to help you prosper in what you do. Working with us will not tie you up long term. You may cancel at anytime with just 30 days notice. We are local to Southern California and are available to meet you in person, when required. Sign up for a one-month free trial, so you know we will be a great fit to your needs risk free.
***Generally Accepted Accounting Principles as defined by the FASB
****The Internal Revenue Service prescribes a standard of acceptable supporting documents to support income and expense transactions for businesses. Visit this link to know more: https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep