Financial clean-up involves organizing and rectifying your financial records, ensuring their accuracy and currency. Although daunting, this process is crucial for businesses of all sizes.
The benefits of financial clean-up include:
Keeping up with your financials is crucial; falling behind can escalate challenges and costs. Timely action is key to preventing further complications.
I provide a comprehensive financial clean-up service to reorganize your books efficiently. Collaborating closely, I’ll identify and rectify errors or discrepancies in your records. Additionally, I’ll assist in implementing reliable systems and procedures for future accuracy.
My service operates on a monthly fee basis, with a discounted rate available if you opt for my ongoing bookkeeping services.
Choosing me as your bookkeeper not only qualifies you for reduced fees but also grants you a complimentary consultation. This session helps determine your needs and provides an estimate of service costs.
If you’re behind in reporting for multiple years, extensions may apply to the current year, but fines and penalties can increase for outstanding years. To avoid further penalties, it’s crucial to promptly organize accurate records.
The IRS mandates timely tax filing for businesses. Falling behind may lead to penalties and accrued interest. As time extends, the owed amount increases. Further, an IRS audit might necessitate repayment of back taxes, along with penalties and interest for non-compliance years.
To evade these penalties, timely tax filing and accurate financial records are crucial. If you’re behind, reaching out promptly allows me to assist in catching up and mitigating these consequences.
Let’s discuss how profitable and affordable hiring OBS Financials to run a financial cleanup on your business accounts is.
Let us handle digging through books and organizing them so that you may have the time to focus on other things like your business, family, and other personal things.
