Bookkeeping Services
As a small business owner you have many different hats that you wear on a daily basis, at J&M Accounting it is our goal to remove one of those hats with professionalism you can trust! We take care of all your bookkeeping and accounting needs, bill payment, bank reconciliation, monthly monitoring and profit and loss statements. Bookkeeping quite simply is any transaction that takes place within your business involving money, our goal is to take care of that transaction, record it and monitor those transactions so that you don’t have to.
Accounts Receivable
J&M Accounting offers a full suite of accounts receivable services including customer invoicing and statements. We follow up on outstanding invoices and offer periodic reporting on account activity. Customer statements are generated in a straightforward and easy to understand manner for our client’s customers.
Bill Payment Services
Another simple task that can take businesses out of a point of profitability is bill paying. At J&M Accounting we can handle all of your accounts payable transactions and record keeping and well as your accounts receivable. Never forget to pay a bill again, we’ve got you covered!
Monthly and Quarterly Monitoring
Reports are vital snapshots to the health of your overall finances in a business, we offer our bookkeeping service weekly, monthly and quarterly or as your business needs. Monitoring goes hand in hand with reporting and we monitor for a myriad of things in your bookkeeping and accounting, if anything suspicious comes up or doesn’t match up, we will find it!
Frequently Asked Questions
January 31st W-2s and 1099s need to be mailed out
March 15th Corporate and Partnership returns are due
April 15th Personal income tax returns are due
September 15th business return extension deadline
October 15th personal extension deadline
No, your taxes are still required to be paid in full by April 15th to avoid penalties and interest.
Yes, you should have a separate bank account for your business. It is easier to keep track of your expenses and income if they are not mixed with your personal.
Yes, you should apply for FEIN #. It is free to apply for online and you can instantly receive your number. If you are a corporation or partnership it is required. I suggest even sole-proprietors receive one that way you are not giving out your social security number to other businesses or individuals.
The minimum is 4 years. For employment records or property transactions it can be longer.
You should keep all bank statements, copies of cancelled checks, credit card statements, invoices, expense receipts, and mileage logs.
The quick answer is an employee is someone you hire that you set the hours, pay rate, and dictate the tasks to be performed. An independent contractor is someone who is providing an outside service to your company. They have other customers than your company and they set their own hours and pay rate. There are a number of set criteria showing the distinction between the two. For more detail please visit irs.gov.
Quick Books is one of the most recognized accounting software programs. It is user friendly, industry specific, and a good way to track all of the income and expenses in one place.
There are many different business forms from corporations, partnerships, LLCs, to sole-proprietors. It is best to seek the advice of an accountant to see which type best suits your needs.
It depends. There are two ways to deduct auto expenses. A business can choose deducting actual expenses or mileage. Depending on your current situation one might be a better deduction than the other. You should consult with an accountant to see which is the best option for your company. They can also explain the difference between the two methods in order to help you make an education decision