Tax Preparation | Bookeepers Columbia SC

What is Tax Preparation?

Tax preparation is the filling out of tax returns in accordance with the local legislation. Frequently, it involves income tax returns. Dial  803-573-9922  to get help with your tax preparations starting with a free quote.

​However, there are more taxes you need to deal with when in Columbia, SC.

We Offer Comprehensive Tax Preparation Assistance

Individual Income Tax

This is a tax imposed on earning individuals. It is due on April 15 but can be extended to May 1 if filed electronically.

Estimated Tax

It encompasses income from self-employment, interest, rent, dividends, and other income not subject to withholding tax.

Property Taxes for Residential and Vehicle Property

If you own residential property, cars, motorcycles, boats, and airplanes, you have to pay the due property taxes.

Sales and Use Tax

It involves the sale and consumption of goods within and without jurisdiction. As a business owner, you have to be compliant in withholding and remitting such taxes to the government.

Why Should A Bookkeeper Do the Tax Preparation

You may think that you can do all the tax preparation yourself. Technically, you could— thanks to preparation software and online tax sites. However, can you risk making a mistake that will get the taxman running for your money? Here are more reasons why a bookkeeper should do the taxes for you. 

Our expert bookkeepers at Bookkeepers Columbia SC is one call away, dial 803-573-9922 to get a free quote.

No More Second-Guessing

Having a bookkeeping professional will make sure you have an expert on board. Such a person would know the ins and outs of tax returns and make sure you can make it through the tax season—done right and on time.
Furthermore, tax laws, regulations, and deadlines are pretty strict. It is difficult to avoid mistakes when you do not fully grasp taxation and another finance process. To save you from second-guessing all the time, you might hire bookkeeping services in Columbia SC.

Get the Most Out of Tax Deductions

There are tons of tax credits, allowances, and deductions you can claim. However, you may not have tracked the expenses that are qualified for your returns. Thus, many things could have gone under the radar. Dollars lost out of negligence.
If a bookkeeper does the expense tracking for you, you can get the most out of tax deductions. The hired clerk can also identify which expenses are allowed or disallowed as a deduction.

Comply with Laws

Every tax season may bring changes in filing procedures, rates, and returns. It wouldn’t be ideal if you were caught off guard. That is why hiring a bookkeeper with tax preparation skills is the way to go.
As a professional in this field, your bookkeeper can help you comply with all the rules and regulations. Such a person stays up to date with legal changes. He or she will scour through the revenue office's memorandums so that you don't have to.

Never Go Late

Tax deadlines can often be at the back of your mind. Forgetting the deadlines and rushing to meet them can lead to drastic mistakes and fees for you and your business.
A bookkeeper knows all the deadlines like the back of one’s hand. This is why the tax season should no longer be a stress-inducing situation. Hiring a bookkeeper can save you from the headache. Dial  803-573-9922  to get a free quote.

General Bookkeeping

The modern business doesn’t work off the back of a cocktail napkin anymore. You’ve got digital contractors, monthly services, debt, invoices, purchases, sales, and constant cash changing hands. To understand it all you need to collate it all in a ledger that is easily understood and manageable. At Bookkeepers Columbia SC we thrive on the challenge of daily financial operations. If you want your books updated and managed we are your experts.

Financial Reports

Whether you are looking to provide reports to potential investors or current board members or just looking for a little bedtime reading financial reports can take an extensive number of hours to produce. They can take even longer if the people producing them aren’t trained in the art of financial storytelling. Make your numbers mean something about your company and your future. Tell the story of your financial success with the help of expert bookkeepers.

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Expense Tracking

How much have you spent on ink toner? Gas? Employees? Do you need to make cuts? Could you ask for a discount for bulk orders? Who wants to add up all of those receipts? Bookkeepers do. With their insight, they can keep track of your expenses and advise on how to better manage certain business actions. Empower your money by making informed decisions on what to buy and how to buy it.

Bill Payment

Simply put, you shouldn’t have to keep focuses your attention on the daily tasks of running the back-office of your business. You should allow yourself the time and focus on thinking about the future of your business. Bookkeepers help you focus on tomorrow instead of today by managing the routine bills and invoice management so you don’t have to. When you are ready to start daydreaming again, we at Bookkeepers Columbia SC are here and at your service.

We can help you with your Bookkeeping, Expense Tracking, Tax Preparation, and More. Call 803-573-9922 today.