Accounting Service for Professional Services

Chances are, you probably already outsource your accounting - to an annual tax accountant, that is. Outsourcing monthly accounting brings bookkeeping and tax filing together, but it also includes:

• Year-round tax strategy to minimize what you owe in taxes
• Monthly financial statements to guide you
• Monthly bank and credit card reconciliation 
• Monthly meetings with your accountant to get personalized advice
• Unlimited contact with your accountant at no extra cost
• Sales tax returns filed on time and accurately

While professional services can include a variety of services, it usually means there is no sale of goods involved. However, you can still find many professional service companies worrying about their billing methods (bill by job or time, have a retainer, etc.) and collections. 

While we don't actually collect for our clients, CSI can advise on these topics specific to your industry (and other standard topics, too) year-round:

• How to bill clients
• Best practices for collecting payments
• How to manage high travel expenses and claiming any relevant tax credits

No, this does not align with our business structure. Our monthly accounting fees include the cost to file annual taxes, and monthly accounting is made up of monthly bookkeeping, financial statements, and advice.

When your biggest expense is labor, knowing your stuff is important. Your industry deals with payroll challenges like retaining specialized talent and categorizing workers as employees or contractors. 

Once running payroll takes up time, energy, and effort that you can't prioritize over other aspects of running your business, it's time to hire a payroll service.

A good, reputable payroll service provider will, in an accurate and timely manner:

• Pay your employees
• Pay your payroll taxes
• Prepare your W-2s
• Handle all weekly, monthly, quarterly, and annual compliance with the state and federal government

Plus, if you've been facing those pesky IRS penalty notices, a payroll service will stop them.

Yes! In industries that may require professional degrees for employees or contractors, retaining this specialized talent is key.

Specialized talent often expects benefits. Luckily, CSI offers benefits like 401(k) plans!