Sales Tax Returns

State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.

Understanding how to navigate through the sales tax system can be a cumbersome task, but we can help you stay in compliance so you can dedicate your valuable time to run, grow and expand your business.

We prepare and submit your monthly, quarterly and annual(when necessary) sales tax returns to government agencies with the experience of our team.

We prepare and submit sales tax returns for the following industries:

  • Wine Distributors
  • Retail Businesses
  • Restaurants
  • Decorators
  • Landscapers
  • General Contractors
  • Construction companies


Business Entity Selection

If you are starting a business and are unsure as to which type of business structure you need to select, we can help you which one is more convenient for you.  The most common business entities are:  LLC,Sole Proprietorship, Partnership and Corporation.  We can explain the advantages and disadvantages of using anyone of them and what is required by the Internal Revenue Service and the State of New York.

Questions and Answers on Choosing a Business Entity


Payroll Services

Now you can trust your payroll is in good hands. There’s nothing better than personal attention from a trusted advisor who knows your business.

No More IRS Penalties!

  • Did you know that each year, 1 out of 3 small businesses pays a penalty to the IRS?
  • With our payroll service, you’ll never miss a tax deadline or pay the wrong amount.

Accurate Payroll You Can Count On

  • We complete your federal and state payroll filings for you, including 941/944 quarterly forms, year-end 940 forms, and W-2’s.
  • All of your payroll information will be maintained and available: employee records, past pay stubs, tax filings, and records of tax payments.

You And Your Employees Will Be Pleased

  • Paychecks can be electronically deposited into employee bank accounts with our Direct Deposit service. Your employees will appreciate Direct Deposit. No more trips to the bank. We also provide professional pay stubs detailing the current as well as year-to-date withholdings, vacation and sick time.
  • All common pay types are supported.
  • Voluntary deductions are also handled, such as insurance, retirement plans, and many others.

Services Provided

Paychecks
Tax Filings
Tax
Payments
W-2’s
1099’s
FAQs

 

What do I need to get started?

All we need is your company and employee information, and payroll history (if any) for this year. Call us to schedule an appointment to discuss your payroll requirements.

Can I switch payroll providers mid-year?

Yes, we can start your payroll any time as long as you have records of your payroll history.

What about W-2’s?

At year-end, we create W-2 forms for you and your employees. And we take care of filing them with the Social Security Administration.

Do employees get online access to their pay stubs?

Absolutely. Your employees can also access their pay stubs securely online at PaycheckRecords.com, 24 hours a day, 7 days a week.

Can I import payroll information to my accounting software?

Yes, we can help you import payroll data into accounting software such as QuickBooks®, QuickBooks Online Edition, QuickBooks for Mac, Peachtree®, ATX Client Write-Up™, TaxWise Client Write-Up™, CCH ProSystem fx® Write-Up, and Microsoft® Money, so that all information is in one place.

How will I stay on top of my payroll details?

We will provide you with a variety of reports that will allow you to remain informed and in control of your payroll.


Information Tax Returns

1099-Misc and 1096 Annual Summary:

By January 31st of each year the IRS requires business owners to furnish 1099MISC to independent contractors and professionals that have been paid at least $600 in any of the following on a calendar year:

  • Rents
  • Services performed by someone who is not your employee
  • Prizes and awards
  • Other income payments
  • Medical and health care payments
  • Crop insurance proceeds
  • Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish
  • Generally, the cash paid from a notional principal contract to an individual, partnership, or estate
  • Payments to an attorney; or
  • any fishing boat proceeds

1096 Annual Summary & Transmittal of U.S. Information Returns

The form 1096 is a summary of all the 1099 – MISC prepared for a specific year.

1099 – INT is used to report interest income for each person who has received at least $10 or for whom you withheld and paid any foreign tax on interest, or from whom you withheld any federal income tax under the backup withholding rules regardless of the amount of the payment. For instance, if a shareholder of a corporation has received a loan from the entity, the corporation should charge the shareholder interests on the loan and issue this form if it paid at least $10 of interest during the year to the shareholder.

W2s and Quarterly Payroll Forms

If you process manual payroll for your employees at your place your business we can prepare the annual W2 forms and e-file them to the corresponding government agencies for you.

We can also process and e-file the quarterly payroll forms 941, Employer’s Quarterly Federal Tax Return and NYS45, Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return to the IRS and New York State.