03/07/2024
I was just working on one of our new tax client who paid income taxes on duplicated sales. They've been doing their own books and have only been submitting summaries to the tax preparers.
Per the IRS, you're ultimately responsible for the accuracy of every item reported on your return. Tax preparer rely on what you give them. If the source is wrong, then the output is wrong.
Going back to this, due to the duplicates, this client overpaid about $4K in taxes. Duplicates are not uncommon, whether it's manmade error, technology integration error, or simple oversight.
Save money and time by having a great accountant help you with your books and and prevent these type of costly mistakes.
Schedule a free 30 minute consultation with us at cal.com/morethantaxes/30min (in-person or online).
Or chat us here in Facebook, or call our number at (816)892-0405.
We offer full service accounting solutions - bookkeeping, payroll, taxes, adhoc reporting, etc.
Bronze - Accounting solutions highlight! Schedule a complimentary consultation with us and find which solution fits you better. https://cal.com/morethantaxes/30min
$179 per month billed yearly or
$199 billed monthly
Up to $75,000 Income/Expenses
Cloud Accounting Software setup*
Cash or Accrual Basis Accounting
Monthly Bank Reconciliation up to 3 accounts (checking, savings, or credit cards)
Journal entries posting
Monthly Financial reports, such as, Balance Sheet, Income Statement, General Ledger, Cash Flow Statement
Business Review (Annual)
Budget vs Actual (Annual)
Cash Flow Analysis (Annual)
Accounts Receivable monitoring
Accounts Payable monitoring
Audit assistance up to 5 hours annually
Annual Tax assistance and planning***
Quarterly Estimated Tax Calculation
1099 forms filling up to 3 annually
Unlimited Support
Tax time ready books
Add-on (fixed fees)
1099 filling - $15 per form
Payroll run** - $25 per employee
Accounting clean-up (up to 15 hours of work) $299
Add-on ($55 hourly fees)
Tax return preparation
Additional accounting clean-up
Additional audit assistance
Strategic planning
Adhoc and advisory services
Financial planning and budget building
Financial systems strategy and setup
Documentation prep for capital raise
Compliance and accounting research
Any other accounting services
*Does not include your monthly accounting (Quickbooks/Xero/etc) subscriptions/fees, this entails the MTT team member setting your cloud accounting software.
**Does not include Payroll subscriptions/fees, this entails the MTT team member running the payroll for up to X amount of employees.
***Does not include tax return preparations.
