"Out of the hundreds of people and businesses I have worked with over the years I have found that those who have the best bookkeeping are the most profitable "
- Lisa Norman (Owner, ProBooks)
ProBooks bookkeeping will help:
From Our Clients
Bookkeeping Services
MONTHLY QUARTERLY REVIEW
- Review of your books and records for accuracy and correct classifications
- Review of both your Balance Sheet and Profit and Loss for accuracy
-
*
*
TAX FILINGS
ONLY
- Review of books and records for accuracy and correct classifications
- Prepare and file both state Sales and Use returns, and state specific returns
- Prepare and file secretary of state filings
MONTHLY
BOOKKEEPING
- Monthly entry of all transactions for Bank, Credit Card, LOC, Paypal, Stripe etc.
- Reconciliation of the above accounts and preparation of the Balance Sheet and P & L
- Prepare and file all state specific returns and reports
PROFITABILITY
COACHING
- Review of current business profitablity to set short and long term income goals
- One on one time to establish achievable profitability benchmarks
- Develop your business profitability and growth plan
Frequently Asked
Recent tax law changes have made tax preparation for 2018 taxes a more daunting task than in the past. In order to get the best outcome for taxpayers, it will be in the best interest of the taxpayer to bring all documentation listed.
Tax Information Required for Tax Preparation 2018 (Download)
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.
Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
More on Enrolled Agents
A 1099 is a form that reports earnings from self-employment to the person(s) and or business performing the work that was paid for, and the IRS.
Most likely, both. The IRS requires that a 1099 be sent to any business, and or individual, providing services, that is not incorporated, who is paid more than $600.00.
Example: You own a computer tech business. You fix my computer system and charge me $1200.00. You also have me complete your books and your tax return, and I charge you $1000.00. Since we are both self-employed, and we paid each other over $600.00 we must complete a 1099 form.
You complete one for me showing the $1000.00 payment you made to me, and I complete one for you showing the $1200.00 payment I made to you. Both of these forms are also sent to the IRS.
No one can guarantee that you won't get audited. Let me say that again…no one, and if anyone tells you they can, they are lying to you.
The IRS has many criteria for selecting returns for audit and that includes random selections, and various deduction red flags. What we can guarantee is that we will tell you of any precarious position we see on your tax return and advise you of how to correct it. We will also help you answer any IRS inquiries and stand by you during any audit.
Not here at Pro Books, we look to complete tax returns by the first due date in March or April depending on if you are a business or personal return. As long as we have complete information, and it is in our office within two weeks of the deadline, you will be filed on time.
Self-Employment is when an individual works for themselves, instead of an employer. In a perfect world the self-employed person earns an income by creating, and operating, a profitable business.
Technically, no. You are an employee of the corporation and you should be paid via a paycheck with taxes taken out as if you were working for someone else’s business.
You are a self-employed member of a limited liability company if you have not elected to have the Internal Revenue Service treat your LLC as a corporation for tax purposes.
Self-Employment tax (SE Tax) is above and beyond regular income tax on self-employed earnings. SE Tax is the social security tax (12.4% up to $128,400.00 of earnings), AND Medicare tax (2.9% on all of your earnings). Your self-employment taxes have to be paid on any net income over $400.00. See blog post….
Self-Employment tax (SE Tax) is paid as long as you are earning income from self-employment…for me, probably till I die.
If you were born in 1929 or later, you need to work at least 10 years to become eligible for Social Security. The SSA determines eligibility with a system of credits. Basically, you earn up to four credits for every year worked, and you need a total of 40 credits to qualify for Social Security. (https://www.ssa.gov/)
Tax Preparation Services
PERSONAL
INCOME TAXES
- 1040 Federal and State Return
- W-2s, K-1s, 1098, Broker Statements
- Standard deduction or itemized for maximum return
- Forecast for next year liabilities-Estimated Tax Payments
- *
-
*
*
PERSONAL INCOME TAXES
WITH SMALL BUSINESS
- 1040 Federal and State Return
- W-2s, K-1s, 1098, Broker Statements
- Standard deduction or itemized for maximum return
- Forecast for next year liabilities-Estimated Tax Payments
- Schedule C for each small business
- Optimization for 199A small business deduction
BUSINESS
INCOME TAXES
- Partnership Returns 1065
- S-Corp Returns 1120S
-
C-Corp Returns 1120
K-1s for partners and or shareholders -
Pass Thru Entity Tax
* - Forecast for next-year liabilities
-
Estimated tax payments
About
Founded in 2000 by Lisa Norman, EA, ProBooks Bookkeeping and Tax Service, LLC, is backed with 30 years of industry experience. Not just another bookkeeping and tax prep service, we are a full service company that talks with clients throughout the year. ProBooks is equipped for any level of bookkeeping and tax needs. We offer a complete menu of options to ensure that each of our clients receives all the services that their company requires, without paying for any unnecessary services. Our clients benefit by getting personalized, quality service that is beyond comparison. Whether we keep your books and records, customer invoicing, pay your bills, complete payroll, prepare your sales taxes, personal property taxes, income taxes, or any combination of services you desire, you can spend your time focused on your profession, while you rest assured knowing that we are focused on your business.