Bookkeeping
Bookkeeping for Business in the United States
Keeping accounting records is more than just tracking cash flows; it is an essential component of successful business management. Without properly organized accounting, it is easy to make mistakes that might result in tax audits, fines, and financial losses.
The company ILLION provides professional bookkeeping services for small and medium-sized enterprises in the United States. We will assist you with automating procedures, reducing tax risks, and adhering to legal requirements at all times.
Who needs accounting?
Our services are ideal for:
✔ Small and medium-sized business owners (LLC, S-Corp, C-Corp) that require bookkeeping, income and cost tracking, and tax preparation.
✔ Freelancers and self-employed individuals (1099, sole proprietors) require accurate income, tax, and deduction accounting.
✔ For startups, it’s important to establish an effective accounting system right away. ✔ Helps online retailers and e-commerce entrepreneurs with accounting payments, returns, and commissions.
✔ Companies with distant personnel can monitor payments and tax responsibilities.
What does our bookkeeping service include?
- Accounting System Setup
- The first step involves setting up an accounting system such as QuickBooks, Xero, or Wave.
- The first step involves the optimization of expenditure and income categories.
- Financial reports and tax documentation are being prepared.
- Keeping track of revenue and expenses
- We maintain control over all financial transactions.
- We have sorted and categorized expenses.
- There is a clear distinction between personal and work-related expenses.
- Preparing tax reports
- Profit and loss, balance sheet, and cash flow reports are prepared.
- We conduct an analysis of financial indicators.
- Document preparation for tax returns.
- Payroll & Tax Management
- Maintaining a record of both salaries and taxes is crucial.
- I am responsible for the calculation and filing of W-2, 1099-NEC, 941, and 940 forms.
- We maintain control over tax deductions and contributions.
- Consultation and support.
- Assistance in selecting a tax system.
- The goal is to optimize the tax burden.
- We provide support during IRS audits.
Why pick ILLION?
✔ Ensure full compliance with IRS rules to reduce tax risks.
✔ Tax optimization helps decrease financial expenses.
✔ Save time by letting us handle accounting while you focus on running your business.
✔ Transparent pricing with no hidden fees.
✔ Secure the safety of your financial information.
Schedule a consultation today! Optimize your bookkeeping and prioritize business development.
ILLION is your reliable accounting partner in the United States.
Bookkeeping packages |
BRONZE | SILVER | GOLD | DIAMOND |
|---|---|---|---|---|
| Monthly account reconciliation | ||||
| Monthly transactions limit (all accounts), $1/extra transaction over the limit. | 25 | 50 | 100 | 250 |
| ыфвфывфывфыв | 2131232 | ыфвфвыфвыв | ||
Monthly Plan |
$120 | $170 | $300 | $450 |
FAQ
An area of your house designated solely for business purposes is called a home office. If your home-based business activities directly relate to rent, utilities, internet, and even furniture, you can deduct a portion of these expenses.
QuickBooks is an online accounting system designed for small businesses. It allows you to easily track income and expenses, issue invoices, generate reports, manage taxes, and maintain accurate financial control without specialized knowledge.
Proper accounting allows you to track finances, write off business expenses, prepare reports, and avoid fines. It also helps to understand how profitable your activities are and where you can optimize expenses or increase income.
Yes, the IRS recommends keeping checks and documents for at least 3 years, and in some cases, up to 7 years. his is important for verifying expenses, especially if you are deducting them from your taxes It’s advisable to utilize scanning and digital storage applications.
Per diem is a fixed daily allowance given to employees or business owners for food and accommodation during trips. They allow for expense deductions without having to keep every receipt. The IRS approves and updates the per diem rates annually.
You can either manually track your miles or use mobile apps like MMileIQ. Record the date, route, purpose of the trip, and number of miles. This will enable you to accurately deduct a portion of the expenses for fuel, maintenance, and vehicle depreciation.
There are two methods: standard business expenses (fuel, repairs, insurance, depreciation) or mileage accounting (a fixed rate per mile).
The IRS allows you to choose the most advantageous method, but you must adhere to it for the entire year.