Tax And Accounting Support

Tax Support

SKJ Juris has experience in supporting U.S. CPAs and CPA firms with U.S. tax return preparation assignments. For smooth operations, we generally enter into a service agreement with our client to ensure that confidentiality of clients’ details is maintained and that appropriate procedures are implemented by us to prevent the unauthorized access to the clients’ confidential information. The prepared tax returns undergo a final review by the client before submission.

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Corporate Tax Support ______

1. Corporate Tax Returns

2. Federal Corporate Tax Returns

3. State Corporate Tax Returns

4. Corporate Tax & Regulatory Compliance

5. Estimated Taxes

6. Tax Return Extensions

______________________________

7. State Annual Reports

8. State Franchise Tax Returns

9. Corporate Tax Advisory

10. State Tax Nexus

11. Permanent Establishment issues

12. Withholding Taxes

Individual Tax Support

1. Federal Form 1040 and Form 1040 NR

2. Report of Foreign Bank and Financial Accounts (FBAR)

3. Federal Partnership Tax Returns (Form 1065)

4. State Partnership Tax Returns

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Accounting Support

SKJ Juris offers support to businesses of all sizes with its top-notch bookkeeping services. We track all documentation of any financial transactions that a business entity makes from launch to closure. Whether you’re just getting started or a small business owner with a brilliant vision, you’ll need to implement some basic bookkeeping techniques. It’s essential for businesses to devote time and money for keeping accurate financial reports. Ultimately, when you have a balanced bookkeeping system, you can rest assured that you also have an accurate indicator of measurable success.

In doing so, businesses of all sizes and ages can make strategic plans and develop realistic objectives. Additionally, businesses must comply with SARS legal regulations and systems that govern their finances. For first time submission of the ITR14, signed off supporting annual financial statements (AFS) are compulsory for submission if the Company is classified as a Small Business or Medium to Large Business. The AFS must, as a minimum, contain Income Statement; Balance Sheet; Tax Computation; and Notes to the AFS. This can be achieved by outsourcing the bookkeeping work to SKJ Juris considering that we have specialization in professional bookkeeping.

You can record transactions by hand in a journal or a Microsoft Excel spreadsheet. But many companies opt to use bookkeeping software to organize their financial histories. We can log a business’s financial transactions using single-entry or double-entry bookkeeping. In single-entry bookkeeping, we report profits and expenses for all expenditures in a cash register. The double-entry method begins with a journal, followed by a ledger, a trial balance, and financial statements. With our accurate and well-managed bookkeeping, you can set a strong basis for all levels of compliance and your business can closely monitor its financial capabilities & journey towards heightened profits, breakthrough growth, and deserved success.

Set up the new employees in QuickBook Online (QBO).
Gather the employee time sheets from different VMS like Field Glass, IQ Navigator and Hitachi Vantara, make sure that they are approved.
Set up the new customers in QBO.
Create and send the invoices to customers based on the predetermined invoice terms on time with 100% accuracy.
By running the customer ageing report, make necessary follow ups by emails and phone calls if required.
Receive the payments from customers to QBO and apply against the correct customer invoices.
Set up the vendors/suppliers and collect the W4 form to ensure that they send the 1099 forms at the end of the year.
Receive the vendor bills/invoices and cross verify against time sheets/customer invoices and then enter them in QBO.
Make payments to the vendors based on the due dates by running the AP ageing report.
Create expenses, if any, in QBO.

Connecting the Bank through QBO to download the bank transactions twice in a week.
Match the downloaded bank transactions with QBO transactions so that we can make a system to be ready for reconciliation.
Adjust/create any missing transactions in QBO and reconcile both the Bank and Credit Card accounts on a monthly basis.
Run the Financial Statements, Income Statement, Statement of Cash Flows and Balance Sheet as per the requirement to ensure that our books of accounts are up to date at any moment of time.
Conduct the financial analysis to project the cash required for next payroll, tax projections and other expenses.
Prepare the sales, cash and expenses budgets from the financial statements to ensure that those reflect the organizational goals and objectives.
Systematically monitor the budgets with the actual performance to ensure that operations are moving according as pre-planned and if any variances happen, report those variations to the management.

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Use the form below to contact SKJ Team regarding your Tax And Accounting Support. To help best serve your enquiry, please be as detailed as possible. You may also email or call us to make an appointment.

SKJ Juris

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