Monthly Archives: October 2012

Grants

Small Business Grants for Women and Minorities

Owning a small business can be a wonderful and rewarding experience. Unfortunately, launching one can often be extremely expensive. It is for that reason that many different organizations now offer specially designed grants to help women and minorities finance their small businesses. These organizations can be a great means of locating free funding.

A small business grant is simply a sum of money given to start or expand a small business. Like other forms of grants, small business grants need not be repaid. This makes them a particularly valuable source of investment for small business owners to start or grow their business.

National Association for the Self Employed

The National Association for the Self Employed (NASE) is a great resource for grants for minority and women small business owners. The NASE offers grants to small businesses to help them grow and expand. They also offer scholarships to help business owners gain knowledge and training on how to run a successful business and become a successful entrepreneur. In addition, they offer other benefits as healthcare coverage, insurance, supplies, credit cards and many other services.

WomensNet.net

WomensNet.net offers Amber Foundation Grants. These grants are specifically designed to help women start a small business. The organization has been providing grants for women since 1998. Their grants are generally for small amounts, between $500 and $1000. WomensNet.net also offers a wide variety of resources, including links to help with grammar and writing, legal information and many other basic yet important issues for women starting and running a small business.

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) does not offer grants directly; however, the organization can help find grants for small business owners, including women and minorities. They also offer a plethora of information to help small business owners start and run their companies. They even offer counseling and training services for small business owners to give them the knowledge and information they need to run a successful business.

USAGrantApplication.org

This agency focuses on helping minorities who want to start and own their own small business. Like the SBA, they do not offer grants directly. Instead, business owners fill out an application, and USAGrantApplication.org finds appropriate grants for that business. They do all the leg work of finding the qualifying grants.

Starting a small business is never easy, but with the grants offered for minorities and women, there are many ways to help finance the start-up costs. Taking advantage of these grants can be a great way to help get new small businesses off the ground.

Caleb Marks is a freelance writer who writes about small business and entrepreneurship. He graduated from Liberty University as a National Merit Scholar with a Bachelor of Science in Print Journalism.

Tax Credits

DON’T OVER LOOK THE FOLLOWING SMALL BUSINESS TAX CREDITS!

1. Credit for retirement plan startup expenses up to $500.

2. Disabled access credit. Roughly, of 50% of your expenditures up to a maximum credit of $5,000 for qualifying small business.

3. Work opportunity tax credit. If you hire veterans you may qualify you to receive up to $9,600.

4. Small employer health insurance premiums. If you have fewer than 25 employees, and paid average annual wages of less than $50,000 you may qualify for this credit.

5. Empowerment Zone credit. If your business resides in an empowerment zone, you may claim the credit.

6. Credit for employer Social Security and Medicare taxes. If you own a beverage or food service establishment where tipping is customary, you may receive credit for the amount of Social Security and Medicare taxes you paid on employee tips reported to you.

Outsourced Payroll: Eliminate the Hassle

When running a business, it makes sense to outsource tasks that can be handled best by others, save you money or allow you to be more productive. Payroll is one of the classic tasks that generally meets all of these criteria.

Outsourced payroll services allow businesses to be more productive by freeing up the owners and managers from time consuming payroll preparation and compliance tasks. Payroll services also save your business money by helping you to avoid penalties assessed by federal and state governments due to reporting errors.

As a payroll company we have the special experience to see that your business stays in compliance with all the complicated rules that govern employers and payroll. You may not know what; FUTA, SUTA, FIT, ADA, EEOC and the many other federal and state agencies are and what the rules are that govern payroll, but as a payroll company the experts at RMS Accounting understand all of these and more.

Outsource your payroll to us and our professional staff and payroll systems will get your payroll right the first time and every time. Payroll companies are not all the same, at RMS Accounting you get the personal attention you deserve. Have a question? Our professional payroll staff is only a phone call away.

RMS Accounting not only processes your outsourced payroll for you we handle all your payroll tax and compliance issues.  Should your payroll records be audited by state, federal or local government we handle the audit for you. We even handle all your workers compensation insurance reporting.

Let us use our payroll systems and expertise to take the worries out of getting your payroll completed and your employees paid.  We’ll provide you with the payroll checks, an employee earnings summary, payroll registers, and reporting forms. Since this is our area of expertise, we will make sure that everything is completed on time and correctly.

Outsourced payroll is a smart move and RMS Accounting is the smart choice in payroll outsourcing. Get back to doing what you do best, BUILDING YOUR BUSINESS AND PROFITS. Let us take care of everything else. Call 800-382-1040today for a free quotation.

Payroll Preparation Services

Let us get your payroll right the first time . . .

“A current report from the GovernmentAccounting Office shows that in a recent
year, the Internal Revenue Service penalized 34% of all employers who used the payroll depository system – for incorrect or late payment of taxes owed. These employers range from Fortune 500 companies to the single person company.”

With every payroll we prepare you will receive:

  • Payroll Checks
  • Employee Earnings Summary
  • Payroll Registers
  • Reporting Forms
  • Department Summary (Optional)

There are three ways to make your tax deposits:

  • Client pays taxes following instructions provided
  • Tax deposit checks are prepared for you
  • Funds are transferred from your account for FICA, Federal, State &local withholding, FUTA, and SUTA.

Pay the Lowest Tax the Law Allows: LLC, Partnership and Corporate Tax Preparation

One of our tax professionals will review your business and personal income tax situation with you. Then our tax professional will work with you to make sure you pay the lowest income tax allowed by law. Our corporate tax preparation service includes tax planning as well. In addition to getting your corporate tax preparation right and completed the first time, our tax professional will also assist you with tax planning to help you reduce next year’s business taxes as well.

The tax professionals at RMS Accounting are here year round to answer your questions and help you with all your business and corporate tax preparation needs. There are no surprises with us, one of our tax preparers will sit down with you and review your information with you, explain what needs to be done and provide you with a written fee quotation. Best of all, the fee we quote is the fee you pay, there are no surprises when you pick up your completed return.

Anyone can put numbers on a tax form. Only the tax professionals at RMS Accounting can help you uncover every deduction the law allows.  At RMS we double check every income tax return. When RMS Accounting prepares your income tax return you can rest assured you are not paying one penny more in tax than is absolutely required.

We stand behind the income tax returns we prepare.  No one wants to be audited, but should it happen you can rest easy because our tax professionals are enrolled to practice before the IRS and they will represent you and your income tax return as filed free of charge. No other tax preparer offers this kind of protection.

Have a question once your return is complete? Our tax professionals are here to answer your income tax questions year round. Once we prepare your income tax return you will receive FREE year round tax help from our tax professionals and tax accountants. At RMS there is never a charge for responding to an IRS notice or answering a client’s tax questions. In fact all RMS Accounting clients receive a FREE year end tax planning consultation.

Call us today at 800-382-1040 for a FREE no obligation consultation.

Business Tax – The RMS difference…

The RMS Accounting Interview is the most thorough you have ever experienced. We provide more than 100 propriety worksheets, designed to discover every imaginable tax-related personal and occupational tax-saving opportunities.
Everything is reviewed for mathematical accuracy, and proper application of tax theory. Nothing is taken for granted. We demand total accuracy in each phase of the preparation of your return.
After computer processing, your return is quality checked one more time for accuracy prior to the preparer signing. We produce a tax return that reflects the lowest tax to which you are entitled.
TAXATION IS NOT A SIDELINE ACTIVITY WITH US – We are full-time, year-round specialists in this profession. Our motivation springs from the philosophy that there is a great deal more involved than merely entering figures on government forms. Regardless of its simplicity or complexity, we handle your tax return with the deepest sense of responsibility.

 

Try
us FREE:
We will check your completed form, and if we can’t legally and honestly save you AT LEAST our full standard fee,YOU WILL OWE US ABSOLUTELY NOTHING.

Open Year-Round – Free Audit Representation -Over 20 Years of Experience.

There is no need for you to incur the cost of an office, equipment, insurance, FTEs, or reference materials!

Bookkeeping Service Can Save You Money

Small business bookkeeping might seem simple or even unnecessary, after all if there is money left at the end of the month we must be doing ok right? But this is not generally the case. In many small businesses bookkeeping takes a back seat to other activities. This can create problems and cost real money in lost profits and overpaid taxes.

Owners and managers with other more pressing work ether put off bookkeeping tasks or leave them to unsupervised hourly employees. These employees make mistakes and get behind. Then the business pays even more money to fix these mistakes. Our bookkeeping services can prevent thses mistakes and save managers and owners time so that they can attend to more important activities.

In most cases the cost of bookkeeping outsourcing is less that the cost of doing the work in house. Our team of professional bookkeepers gets the work done right and on time every time. You don’t pay for mistakes you simply pay for results. 

Unlike other bookkeeping firms all your work is handled in our Fort Lauderdale based office in the U.S. Other bookkeeping firms use part time or contract employees who work from home or from some third world country. We don’t. Our employees are full time and work from our offices under our supervision. They are available to you by phone during regular office hours.

Outsourcing bookkeeping to our firm will free up your time and get you the information you need when you need it.

Choose the bookkeeping services that best suit your needs; accounts payable, accounts receivable, check writing, customer billing, collections, data entry, sales tax preparation, payroll and payroll taxes are just a few of the things we can handle for you. Because our bookkeepers are located in our office we can also take phone calls from your customers and suppliers. We also reconcile your bank and credit card accounts and provide you with complete financial statements every month. Our bookkeeping services include organizing and imaging all your receipts and other records and making them available to you over the internet.

Our bookkeeping help goes far beyond just balancing the books. Our Bookkeeping outsourcing, saves you time and money, while reducing stress levels. Many bookkeeping companies give you just the basics. We go the extra mile and provide you with detailed information on how you can save money and reduce taxes.

Many of our bookkeeping services clients find we can reduce their bookkeeping and accounting costs by more than 50%.We could potentially save you hundreds of dollars each year. Our small business accounting services cover everything from general ledgers to payroll tax reports and bank reconciliation. With our bookkeeping service, you’ll have everything to get on with the business of running your business.

Bookkeeping help is only a phone call away. To find out more about bookkeeping outsourcing give us a call today at 800-382-1040.

Bookkeeping – “Rent a Controller”

We provide you with complete, timely reportsthat will manage your cash flow.

We will produce the following reports weekly and/or monthly:

Accounts receivable aging

Transactionjournals

Cash disbursement listings
Bank reconciliations
Accounts payable reports
Sales tax reports
Cash demand projection
Payroll tax reports
Cash balance reports
Other business tax reports
Balance sheets
General ledgers
Income statements
Customized reports

You will be surprised at how much you can save. Youcan reduce many variable costs, office space, payrolltaxes, employee benefits, equipment costs, softwarecosts, and the effort! Contactus for a free estimate of the cost savings foryour business.

Bookkeeping – "Rent a Controller"

We provide you with complete, timely reportsthat will manage your cash flow.

We will produce the following reports weekly and/or monthly:

Accounts receivable aging

Transactionjournals

Cash disbursement listings
Bank reconciliations
Accounts payable reports
Sales tax reports
Cash demand projection
Payroll tax reports
Cash balance reports
Other business tax reports
Balance sheets
General ledgers
Income statements
Customized reports

You will be surprised at how much you can save. Youcan reduce many variable costs, office space, payrolltaxes, employee benefits, equipment costs, softwarecosts, and the effort! Contactus for a free estimate of the cost savings foryour business.

Hire a Tax Accountant Today

Need to find an accountant? Look no further, RMS Accounting can provide you with a full range of tax services, including; tax filing, tax planning, tax preparation and tax representation. 

RMS Accounting’s unique tax interview system helps our tax accountants make sure you get every deduction the law allows.  By getting to know you and your tax situation our tax accountant can lower your taxes, increasing your tax refund or lowering your tax bill.  IRS tax preparation is about more than just putting numbers on a tax form.

The tax accountants at RMS Accounting are enrolled to practice before the IRS. They have over 25 year of experience helping tax payers like you with tax filing, tax refunds, and tax problems. The tax accountants at RMS Accounting can even represent you before all levels of the IRS or other state taxing agencies should your return be audited.  

Tax filing should not be a mystery so before getting started an RMS Accounting tax accountant will answer all your questions and review your situation with you. Then they will provide you with a FREE fee quotation. You will of course be under no obligation. Best of all should you decide to have us handle your tax filing the fee we quoted is the fee you pay.

When you need tax services our professionals are here to help you. We can get unfiled tax returns filed. We handle all IRS tax preparation and all state tax returns. We offer more than just tax filing, you also get access to our tax experts on a year round basis. When you hire us for IRS tax preparation, you know you’re going to pay the lowest tax allowed by law.

So if you need to find an accountant just give us a call at 800-382-1040. Our offices are open year round and our tax accountants are happy to assist you.