Payroll and Bookkeeping
This joint payroll and bookkeeping workshop will provide you with the essential knowledge to comply with your company's tax and labor obligations, avoiding fines and legal problems. It will also help you make informed decisions about managing your payroll and classifying your workers, as well as teach you the process of tracking and recording a company's financial transactions, as one facet of doing business and maintaining accurate financial records.
The goal is to inform you about federal and state laws and regulations. Essential laws for every business owner or employee subject to payroll taxes.
You will learn the following key payroll topics:
- Compliance with labor and tax laws and regulations
- Efficiency in payroll management
- Maintaining Accurate Records
- Importance of payroll for the business
- Tax knowledge
- Payroll tax withholding
- Classification of workers
- Differences between employees and subcontractors
- Importance of the contract with subcontractors
- Types of taxes and payment dates
- Tax implications
Did you know that the IRS has specific rules about how to keep records, maintain and manage a business?
The objective of bookkeeping is to record the transactions carried out by the company and reflect them as established by current accounting standards to comply with the regulations and legal systems of the Internal Revenue Service (IRS) that govern your finances.
We will provide you with details of the 3 key benefits of bookkeeping
- Access to detailed records of all transactions.
With well-managed bookkeeping and accurate recording of all transactions, you can easily discover any discrepancies between the financial statements and what is recorded. This will allow you to quickly detect any errors, which may become a problem in the future and closely monitor your financial capabilities, to move towards greater profits, revolutionary growth and well-deserved success.
- Ability to make informed decisions.
You'll learn some of the best common ways to keep your personal and business finances separate, allowing you to get a clear view of your company's performance, minimizing the risk of accidentally misrepresenting your company's finances.
- Better tax preparation
In this workshop you will learn the best way to plan your taxes throughout the year to be prepared when the time comes to file taxes with the IRS, without setbacks or last-minute complications and to be able to enter tax season with confidence, without the stress. that comes with filing taxes.
Warning: Attendance at this workshop is crucial. No refunds will be made in case of no-shows.