ACCOUNTING AND BOOKKEEPING:
With the advancement in International Financial Reporting Standards (IFRS) / GAAP for many of our clients, financial accounting has become a lot more complicated. SM & Associates provides Accounting and Bookkeeping outsourcing solution which enables our clients to reduce their cost, without giving up the quality and control. Daily updates, Bookkeeping, bank reconciliations, general ledger, trial balance. Periodically accounts preparation, cash flow statements, balance sheet, profit & loss statements and other custom reports.
Our experienced team takes the time to explain your numbers so you can make better decisions. We work in the cloud based Accounting and bookkeeping software such as Intuit QuickBooks, QuickBooks online, Xero, Wave, MYOB or any other cloud based Accounting and Bookkeeping software so you’ll always know where your business stands. We reach through the screen, handle all documentation virtually and collaborate online from wherever in the world you are.
As professional, we rendered our services with loyalty, sincerity, experience and quality more than your expectation. We keep our client’s data very confidential, your trust and confidence is our aim.
Whether you’re required to file a tax return will depend on several factors, including your gross income, filing status, age, and whether you’re a dependent on someone else’s federal income tax return. And you may have to file even if you don’t owe any tax.
The U.S. has a progressive tax system, so not all your income is necessarily taxed at the same rate.
Tax brackets refer to the range of incomes taxed at specific rates, while your marginal tax rate is the highest tax bracket applicable to your income.
We mostly use QuickBooks Online, Quickbooks Desktop, Wave and Xero accounting software in most of our client engagements. We can also support other softwares in some instances.
There are a variety of deductions which may be withheld from your paycheck. Some deductions are mandatory – State and Federal income taxes, social security taxes, Medicare, agency shop fees (a fee equal to union dues assessed to employees appointed to titles in a negotiating unit who do not choose to join the union for services provided), and *retirement contributions. Other deductions are voluntary depending upon your enrollment and benefits programs and other choices. As examples, they may include *health insurance premiums, savings bond or credit union deductions, United Way (SEFA) contribution, among others.
- Our Strategy
STEP
01
The first meeting
Understanding the Problem
We initially discuss with client about their work need to be done - if business then nature of business and ask relevant details to do that work.
STEP
02
The second meeting
Draft ready to be sent
After first meeting we initiate work and finalize all and provide the first draft so that client can review all work and if required any changes so we can do.
STEP
03
The final meeting
Problem Solved
If draft copy approved then we finalized and send final copies of work to the client and close down all things for the client.