Bookkeeping/Write-Up

Our accountants/Bookkeeping Professionals will help setup your book system, organize your day-to-day activities including recording transactions such as income and outgoings, and posting them to various accounts, Processing payments if needed, Conducting daily banking activities, Reconciling reports to third-party records such as bank statements and Producing various financial reports (Balance Sheet, Income Statement & Cash Flow Statement). We will review the financial reports you monthly so that you know your business’ financial health, take control of the cash flow and make correct decisions to run your business. Our job is to make sure you do what you do best and successfully manage your business.

Introduction

V-Tax PLUS IS A FRESH, NEW APPROACH TO MANAGING A SMALL BUSINESS THAT TAKES THE UNCERTAINTY OUT OF DAY-TO-DAY ACCOUNTABILITY.
OUR MISSION IS TO SUPPORT BUSINESS OWNERS IN MANAGING THE NUMBERS — INCLUDING ACCOUNTING, FINANCING, AND TAXES.
OUR COMMITMENT IS TO FUNCTION AS YOUR GUIDE IN PLANNING,REPORTING, AND INTERPRETING THE RESULTS OF YOUR BUSINESSOPERATIONS.
THIS PROVIDES YOU WITH THE FREEDOM TO CONCENTRATE ON“RUNNING” YOUR BUSINESS TO OPTIMIZE REVENUES AND PROFITS.

The skills necessary to “perform” a business are different than those to “manage” a business. V-Tax PLUS recognizes that you need to focus on the technical aspects of your enterprise. Most small business owners do not have strong experience in financial matters. However, our expertise is specifically in those areas. So, together, we pool our talents to help make your business ready for success.

To grow your business, you need to ensure that your business model serves the needs of your customers. Your product and/or service, and its marketing strategy, must drive revenues and repeat business. However, business owners spend a lot of time and energy on bookkeeping/accounting, preparing financial statements, compiling tax payments, etc. V-Tax PLUS takes the pressure off of you by overseeing “the numbers” and the reports!

As a business owner, you want things simple. One of the most important jobs while building a business is to assemble an effective team that can develop and optimize the business. V-Tax PLUS is ready to join your team and keep your business on the right track. Business owners may choose to do the bookkeeping of their business on their own, instead of hiring a bookkeeping professional. They usually end up with incorrect/messy books and this leads to paying an excessive amount of money to hire a professional bookkeeper, to clean up their mistakes. More importantly, business owners waste their time with this, rather than spending their time on improving their business. It is important to know that you cannot do everything yourself. This is why Wayne, the V-Tax PLUS owner, wishes he could have come to this realization earlier. Trying to do everything is close to achieving nothing. Be a savvy business owner and take control. Focus on your business and make your clients believe you are a competent professional. We are here to help and would like to be one of your team members, attributing to the growth, development, and security of your business.

Payroll Services

Payroll management can be an ongoing challenge with the constantly changing federal, state and local tax laws and regulations. You can overcome this challenge with V-Tax PLUS Payroll Services. We can proactively alert you to material changes that will affect your business and your employees while keeping payroll running smoothly.

We will collect wage and hour information from you and use that information to calculate gross wages, subtract all pertinent withholdings and deductions, print checks, make direct deposits and prepare all employment tax filings. The service will also mail out W-2 and 1099 forms and resolve any inquiries from the IRS or other government agency.

With V-Tax PLUS payroll services, you don’t need to worry about running the payroll when it is due so that you can focus on other aspects of running your business.

FICA Taxes (Payroll Taxes) Depositing and Filing

FICA Taxes (Payroll Taxes) Services are usually bundled with our Bookkeeping/Write-up Services. We offer this service for the freelancers or sole proprietors who just need help deposit the withholdings for income, social security and medicare taxes for their employees instead of getting full bookkeeping services. We will collect your employees’ wages and withholdings information and help you deposit the withholdings to the government and file the quarterly or annually FICA tax returns depends on your situations.

FUTA(Unemployment Tax) Depositing and Filing

FUTA tax, together with state unemployment tax systems, provides funds for paying unemployment compensation to workers who have lost their jobs. Employers are responsible for the Unemployment (FUTA) Taxes and our FUTA Tax Services are usually bundled with our Bookkeeping/Write-up Services. We offer this service for the freelancers or sole proprietors who just need help file for contribute the tax and file the FUTA tax return to the government instead of getting our full bookkeeping services. We will collect your employees identify and their wages information and help file the FUTA tax returns to the government with the tax payment.

Introduction

To All Wealthy Taxpayers and Business Owners:

You may choose to either hire a tax professional or do the taxes on your own. However, if you choose to do the taxes on your own, it can even cost you more, because:

1. You need to spend months to study the tax laws to stay up-to-date every year or spend hours to read instructions in tax software so that you can file your taxes correctly. Even so, you may end up with incorrect outcomes which leads to a large tax bills or penalties.
2. More importantly, spending time on taxes has high opportunity cost to you. Your time is better spent elsewhere including building your wealth and business, or even spending time with your family. Trying to do everything is close to achieving nothing.

You may choose to hire a tax professional to do your taxes. Before you do, consider the following:

1. Does your tax professional just finish your return and kick you out of the tax office? Do they pay attention to every detail to maximize your refund size and give you the intuitive tax tips to save your tax bills in future?
2. Does your tax professional help you grow your wealth?
3. Does your tax professional stay closely connected with you so that he/she could provide help and information when you needed it the most?

Tax professionals at V-Tax PLUS stay up-to-date with education and the ever-changing tax laws, and we are here for your success. We would like to be one of your team members, attributing to the growth, development, and security of your wealth.

Sales Taxes Depositing and Filing

A sales tax is a consumption tax imposed by the government on the sale of goods and services. Sales tax is levied at the point of sale, collected by the retailers, and passed on to the government. Retail businesses are responsible to remit the sales tax to the state and local governments. The sales tax filing services are usually bundled with our Bookkeeping/Write-up Services. We offer this service for the freelancers or sole proprietors who just need help file for sales tax return to the government instead of getting our full bookkeeping services. We will collect your sales information and help make the monthly sales tax payments and file the tax returns to the government for your business.

For Wealthy Individuals and Freelancers

Our Tax Professionals will collect all your tax related information and materials including income and expenses, so that we can Identify and maximize all potential tax credits and minimize the tax liability. Our Tax Professionals will complete and file an accurate tax return in accordance with policies and in compliance with legislation and regulations in a timely manner.

For Small- to Mid- Sized Businesses

Our Tax Professionals will help collect all your business income information and identify all necessary and deductible business expenses. We will then help you find out all possible tax credits and minimize the tax liability for your business. Our Tax Professionals will complete and file an accurate business return (including Farms, Rental, Sole Proprietors, Partnerships and S-Corp) in accordance with policies and in compliance with legislation and regulations in a timely manner.

For Trusts and Estates

Just like any individuals, both a trust and an estate are separate, legal, taxpaying entities, and income earned by the trust or estate property (e.g., rents collected from real estate) is income earned by the trust or estate. Take proactive steps now and you can ease your way and provide planning for your future during difficult times. We are here to help you by working with your legal counsel, structure your estate and trust in order to minimize the taxes and ensure the smooth transition to your heirs.

Taxes Planning & Advisory

Understanding your tax saving strategies should be part of your wealth building plan. At V-Tax PLUS, we believe that understanding and connections are the core to develop strategies for lowering your tax bills. In order to make good tax saving plans or give you valuable and intuitive advices for limiting your tax liability, our tax professionals will interview and learn deeply from you about including:

• You and your family situation and,
• Your Income and goal for building your wealth and,
• Your health condition and the monthly/yearly medical activities and expenses and,
• Charitable contribution activities and,
• Business and investment strategies and activities and,
• Life changing event - such as change of marital status, having new family members, retirement, gifts, an inheritance etc.

At V-Tax PLUS, we can handle all of your tax planning needs and provide a detail report with intuitive advices for saving your taxes.