All about Accounting and tax services, payroll services, non profit audit

1. All about Accounting and tax services, payroll services, non profit audit Virtualaccountingandtax.com

2. With the increasing growth of businesses, outsourcingaccounting and tax services has also become an extensively used way nowadays. Starting from self-employed individuals, small start-ups to full-fledged businesses are hiring these services to maintain their books so they can stay focused on managing and growing their businesses. Moreover new companies are coming up providing these services in more reasonable rates then in-house accounting. Here is a brief on all these services about what they are and what their benefits are:

3. Accounting and tax services: Tax forms can be tedious and often times extremely confusing to someone who is not familiar with how the system works. Having accounting and tax services can help make sure that all of your ducks are in row, the correct paperwork gets filed, and that you don’t fall behind since they are specifically experienced in tax matters.

4. In addition to doing your taxes for you, professional accounting and tax services can guide you and give advice on any tax-related issues or decisions. Having someone who handles your finances also decreases the potential for your business to be in financial risk because it eliminates the possibility of errors occurring.

5. Payroll services: One of the functions that definitely make sense to be outsourced is payroll.Payroll services Outsourcing – provides a 360-degree solution towards the management and administration of the payroll of a company. Whereas handling payroll and CPA accounting can be heck of a work. While handling in-house payroll you have to consider other costs such as recruitment cost, capital expenditure, Infrastructure costs, software acquisition cost, operational expenditure & employee development costs. As a result of this, having your own payroll team ends up being more expensive than partnering with a CPA accounting andpayroll services company.

6. Handling employee information like leave data, attendance data, computing accurate tax based on declarations, company benefits, health insurance and other withholdings are some of them. Payroll services saves you time and let you concentrate on your core business.

7. Non profit Services : Not every charitable non profit is required to conduct an independent audit. Some nonprofits, because of the size of their annual budgets, or because of the sources of their funding, are required by state or federal law to conduct anon profit audit.

8. Some state government contracts may require an audit; there is a federal requirement to conduct an independent audit if the non profit expends $750,000 or more in federal funds in a single year.Non profit Audit Guide provides links to the state laws that address audits so that you can determine what your state requires.There are various companies providing these types of services in Norfolk, VA and one of such is Virtual Accounting and TaxNorfolk, VA.

9. Contact us: Website: Virtualaccountingandtax.com Contact No. : 888.609.0997 Email: info@virtualaccountingandtax.com