Annual Tax and Bookkeeping

Here's what's included in the annual program:

An e-mail from our CPA firm will outline the process you'll use to set up your Chart of Accounts on QuickBooks. This will include tips and terms to help you understand everything our experts will discuss with you in your scheduled personal consultation time.

Our CPA firm will contact you to make an appointment for a personal consultation to set up your Chart of Accounts on QuickBooks. You will receive QuickBooks Pro in the mail to install onto your own computer before you speak to our CPA firm. They'll help you set everything up correctly from the get-go, which will help you avoid costly mistakes --- only one of which can literally put you out of business in the first six months.

For example, the “Income,” “Cost of Goods Sold” and “Expenses” categories must be clearly defined and properly distinguished from each other. You do NOT want “Expenses” in “Cost of Goods Sold,” or vice versa. This very common mistake will give you bad information on your gross and net profits – the bottom line when it's time to pay yourself and others. (I'm sure you can imagine what a cash crisis one error here can put you in! We're here to ensure that you never have to deal with that disaster.)

TWO POWERFUL Fast Start Teleseminars will explain the significance of accounting, plus how to stay on track with budget/cash flow. These recorded calls will help explain the precise steps to take, and importance of one of the most powerful tools to keep your business on track!

A Budget and Cash Flow Statement in the form of an Excel spreadsheet allows you to auto-fill your sales and expenses numbers for the year. This will help you manage your money and stay on target as your sales fluctuate, keeping you in a better position to make important business decisions --- a must for all new businesses.

After six months, one semiannual update/review by our CPA firm will be scheduled when you contact us so you can get answers to each and every question you may have.

Four Hours of Tax Consulting will be available to you, which you may use at any time during the program. You may need help with payroll, taxes, depreciation, capitalization, or perhaps interpretation of your profit and loss, or support with your cash flow forecast. Other common areas of support include:

Guidance with setting up payroll - Although we don't maintain your payroll for you, we advise you on the steps involved in setting up your system. (For long-term support, we recommend use of payroll services.)

Guidance with entering your revenue into and paying bills through QuickBooks - We help keep you on track, ensuring that you enter all your revenue and pay bills correctly, optimizing your use of this software.

Guidance with quarterly 941 (1/2 payroll taxed to the IRS. Annually = 940).

Three Additional Powerful Teleseminars (one per quarter) on these key tax subjects:

Paying and taking money out of your business

Maximizing expenses

End of the year taxation

Payroll and profits

Bonus: Referral to a Quality Payroll Company. Sadly, many businesses are caught by surprise by the detailed and seemingly-obscure demands of this critical area of their finances. Don't do payroll yourself. NCP has negotiated the best rate in payroll services for you through our group buying power. We pass the savings on to you!