Business Bookkeeping Services
Turn to the Pros to Help You Run Your Business Successfully
Knowing how your numbers are working for you makes all the difference in running your business successfully. At Garibay Tax Services, we help customers understand the numbers so you can accurately track the profit and growth of your business.
Staying on top of the financial performance of your business means that you’re able to make informed and strategic decisions that create growth.
Let us put our more than 30 years of bookkeeping experience to work for you. We guarantee your complete satisfaction. For affordable pricing, give us a call.
So, You’ve Started a Business, What’s Next?
Professional recordkeeping helps benefit business progress, prepare financial statements, identify income sources, track expenses than can be deduced, and prepare tax returns. Good recordkeeping can help you save money.
According to the IRS, the responsibility to prove entries, deductions, and statements made on your tax return is known as the burden of proof. You must be able to prove expenses in order to deduct them. You can meet this requirement by having the information and receipts for the expenses. Adequate recordkeeping to prove expenses is imperative to be compliant. Proofs may be receipts, canceled checks, bills, or bank statements. Additional evidence is required for travel, entertainment, gifts, and auto expenses.
You must keep your records as long as needed to prove the income or deductions on a tax return. Garibay Tax Services can assist by providing bank statement reconciliation, a chart of accounts/ business set-up, and profit and loss statements.
For more information, visit https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping.
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Garibay Tax Services
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