Small Business Accounting Service @ Right Ways
As your accountant, we advise and supports your business in Great Ways that online payroll software simply cannot. Payroll software, at its most basic level, will simply process employee payroll and not able to give you any tax advice or represent in IRS Audits. Mr. Pramod Zacharias and Mr. Elangovan Kodinathan are IRS Enrolled Agents (An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service)
Our Small Business Accounting service is specially designed for the business with less than $500K Revenue (sales) and we are offering the below services. If your business has more than $500K in sales, please contact us for the fee.
Our Payroll Service provides online access to the Employers (payroll reports and tax forms) and Employees will have access to their payroll records online.
Corporate Tax Return and Payroll Service @ $1500 Per Year ($125 per month)
We handle all payroll processing tasks. These include
* Free Direct Deposits
* Up to 5 Employees/Contractors and one state is included in the above fee
* Worry-Free IRS and State tax reporting as well as EFTPS tax deposits.
* User friendly, and easy-to-understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms
* Detailed employee reports including vacation, sick days, and personal days accruals
* New hire reports
* Payroll record maintenance
* Workmen compensation insurance audit reports
* Corporate Tax Return Federal and State
* Estimated Payment Advise
* Free Business Tax Return Extension
* Employment Verification
* Self-Employment Verification letter
* Notary Certification
* Monthly Income and Expense worksheet prepared by Greatways
Corporate Tax Return and Payroll Service, Basic Bookkeeping Service @ $2400 Per Year ($200 per month)
All of the above listed services plus:
* Balance sheets
* Trial balance reconciliation (up to 2 Bank accounts and 2 Credit Cards)
* Income statements
* Custom financial reports
* Sale Tax Filing
* Tax Planning/Consultation
* Audit Representations
SBA Full Package with Virtual Office @ $3000 Per Year ($250 Per Month)
Virtual Office will provide an added layer of privacy and security with no need to list your home address or phone number
All of the above listed services plus:
* Virtual Office Address in Naperville
* Registered Agent Service in Illinois
* Same-day mail scanning
* Mail service
* Package notification
Hiring Your Child as an Employee under Single Person LLC @ $600 per year with any of the above services
There are many tax benefits to hiring your minor child (under age 18) to work for your business. If your business is a sole proprietorship, a single-member LLC (you) that pays taxes like a sole proprietorship or a husband and wife partnership/LLC, you do not have to pay payroll taxes or withholding for your child who is under age 18, including:
*Social Security tax
* Medicare tax
* Federal Unemployment tax
Your Child also has some tax benefits on the money they earn working for your business. Up to the standard deductions of their earning will be tax free on federal tax return. Since the kids are earning, they can contribute to the Roth IRA and the growth on the Roth is tax free after they reached the retirement age.
Please Contact Payroll@greatwaysinc.com for more details
"I have been filing fix with Greatways almost 5-6 yrs...They are awesome !!!"
"good service, reasonable quotes, very knowledgeable and they will help every step and process . 5 stars"
"I recommend everyone and everything."
"as well as what you are looking for as far as helping maximize your tax refund, especially with all the recent changes. I've been going to Greatways Tax for the last 5 years and will be continuing to do so for years to come."
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