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Bookkeeping

Bookkeeping

MI BOOKKEEPING

Manage your business better with clean up-to-date books.

Our bookkeeping specialists use tools powered by AI and machine learning to help track a small business’s financial transactions. By getting this combination of expertise and technology you’ll have the ability to improve efficiency, increase productivity, and scale faster.

 
 
 

Real-time Mobile Data

Get access to the latest cloud-based technology that helps you save time and money with our business bookkeeping services.

Essential Financial Insight

Get accurate and timely financial reports needed to gain insight and make informed business decisions.

Manage your business better with clean up-to-date books.

Tax & Audit Ready Books

Comply with legal record-keeping requirements. We deliver tax and audit-ready books.

MONTHLY BOOKKEPING

Focus on your business, we’ll do the bookkeping

  • CERTIFIED QUICKBOOKS PRO ADVISOR – assigned to you sets up your small business QuickBooks online accounting software, links it to your financial accounts, and sets up your chart of accounts.
  • TRANSACTION CATEGORIZATION- Your dedicated specialist tracks your day to day financial business transactions using QBO’s powerful accounting software.
  • RECONCILIATION- Every month your specialist reconciles the financial accounts and prepares essential financial statements.

 

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TAXES

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DEDICATED BOOKKEEPING TEAM

Data-driven decisions to grow your business

  • MONTHLY REVIEWS –. In addition to a dedicated bookkeeper, a tax accountant (CPA/EA) will review your books for quality assurance. Your specialist will meet you monthly to review financial statements and help you understand them.
  • FINANCIAL REPORTS- You are provided with essential financial reports that are needed to evaluate the business, identify missing tax deductions, effortlessly track your expenses, manage cash flow, adhere to a budget, and make informed decisions.
  • TAX & AUDIT READY – Have peace of mind that you are prepared with tax and audit-ready financials. We ensure you maintain compliance with all state and federal laws and regulations.

 

ONLINE BOOKKEEPING SOFTWARE

We’ll set you up with technology that saves time & money.

  • ONLINE ACCOUNTING TOOLS -You are set-up with the best accounting technology. We make sure you get the most out of all available software features.
  • EXPENSE MANAGEMENT -Effortlessly track expenses, mileage, manage cash flow, and adhere to your budget with mobile and real-time data.
  • REAL-TIME DATA -At any time you can review your business financial data and reports from your dashboard using any smart device.
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Frequently Asked Questions

Need some help with a question? see below if we’ve already answered it. If you still can’t find an answer to your question, please give us a call at (516) 500-5000 or email us at mark@mitaxins.com

 
 
 

WHAT IS THE PURPOSE OF BOOKEEPING SERVICES?

The purpose of bookkeeping services is to provide you with readily accessible financial and accounting information that you can share with other third parties such as banks and use to make informed financial decisions for the economic health of your business. Our accountants work with you to ensure that this information is accurate and provides a proper snapshot of where your business stands at any given moment. More specifically from a tax perspective, bookkeeping services naturally go hand in hand with tax preparation services. Clean financials make it easier to prepare an accurate income tax return that tells the story of your business for that tax year in a compliant manner.

IS THERE A TEAM ASSIGNED TO MY BOOKKEEPING ACCOUNT?

Yes! As a part of the bookkeeping service, you will have an accountant assigned to you directly. It will be the responsibility of this accountant to work with you and obtain the relevant statements and documentation from you, ensure your accounts are reconciled, your transactions are properly categorized, and that your financials are compliant, clean, and easy to read and understand. Your tax accountant will oversee the bookkeeper and is responsible for reviewing the financial during tax preparation to confirm accuracy and compliance.

HOW HELPFUL IS HAVING MY BOOKKEEPING UP TO DATE FOR TAX PREPARATION?

It is extremely helpful. Having up to date records for your business will help you in many areas. Primarily, as it applies to taxes, it will allow your accountant to prepare a tax return that is consistent with the accounting information in your records. Having everything up to date, categorized correctly, and neatly presented will ensure a proper return is filed that reflects your situation. Up to date bookkeeping is also very useful for running projections for the business. Knowing where your business stands at any given point in time allows us to forecast and get a feel for what your tax liability is going to be for the year. Having this information readily accessible is also useful when applying for loans and if banks request financials, or if you need to assess your business’s growth to see if changes need to be made to improve.

ADDITIONAL SERVICES

We can help tidy up your books or set-up a new bookkeeping system.

Catch-up Bookkeeping

We get your books quickly up to date whether you are missing a few months or years we have got you covered.

 
 
 
 

QuickBooks Software

QuickBooks Online Accounting Software has numerous features that will help you save time and money.  We offer preferred pricing.

 
 

QuickBooks Set-up

A QBO Pro Advisors ensure that you get the most out of QuickBooks by setting everything up properly from the start and tailoring it to your business.

 
 
 

Stay in Touch

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WHY SMALL BUSINESS OWNERS LOVE WORKING WITH MI TAX

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