Preparing your own income tax return can be a task that leaves you with more questions than answers. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. The Real Journal will assist you weather you are an individual or a business (small or large) and no matter how complicated is your situation.
Business Formation Businesses take advantage of the fact that many people beginning their own business for the first time are unfamiliar with the steps necessary to successfully start a business. We approach the new business start-up services with a long term relationship in mind. Whenever we have a client or prospective client that is starting a new business we set-up a consult with one of our experts, and an Account Manager to discuss your business and individual situation. While meeting with our consultants you will go over the best type of entity for you, determine taxing/licensing filings, and recommend specialized third parties needed to get your business off the ground. We want the opportunity to get in on the ground floor and be your business management firm. Whether it is through consulting, accounting, or technical services; we want to make sure you succeed. We have helped small business start ups and home based business start ups in a wide variety of industries.
How are you processing your payroll?
Do you understand all the payroll terms and deductions?
How are you automating employee deductions through the use of self-service?
Do you pay your employees by checks or by direct deposit?
Payroll involves recording all employee wages, fringe benefits, vacation and sick pay, bonuses, and applicable taxes. As every new employee means an exponential increase in processing and paperwork, most small businesses outsource their payroll services to companies.
Selecting the right accounting systems to meet your accounting needs and fits your budget sometimes is not an easy task. Our team analysis your needs and works with you to ensure that the selected software features are a perfect fit for your business. Real Journal also provides a detailed training sessions to your team for some Accounting Software as needed. Our team can also integrate your existing accounting system software with other popular applications like QuickBooks, Great Plains, Peachtree, etc.
Bookkeeping is important for any kind of business whether it small or big but nowadays, we see it has neglected the owners of the business. They do not keep any record of accounting transactions. So that reasons business often fails financial management and suffers bad management. Besides, an accounting record is necessary for businesses and it compulsory by law.
In the modern world, legitimate requires that business must record accounting transactions up to date and that surely paid all tax and lending which is required. This ensures transparency and accountability of accountant or business owners. Daily transaction, vouching, recording process of the transaction, then the profit and loss accounts, tax deduction from gross profit then calculate net profit after tax, Retained earning which is calculate the owners capital and balance sheet where shows the eligibility of the payment of the liability of entity.
Preparing your own GST Return can be a task that leaves you with more questions than answers. Whether we like it or not, today's GST are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook Input Tax and Out Put Tax liability to which you entitled, even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. Our team will assist you weather you are an individual or a business (small or large) and no matter how complicated is your situation
Are you aware of your business Profit or Loss within next month 5 th ?
Do you have a holistic view of your company's assets?
Do you understand the best way to manage liquidity in your organization?
Are you getting the real value out of your recent IT investments?
Are you missing out on opportunities to monetize other aspects of your business?
Are you budgeting your month on month expenses before year starting?
Are you comparing Month on Month Expenses with Budgeted value?
Are you comparing MTD balance YTD balance with last year Actual value?
Balance Sheets and P&L Statements are prepared to help determine the financial state of a business. Our TFAR (Territory Financial Analysis Report) help you critical visibility into the effectiveness of corporate strategies and management efforts. That's why it is so important to review these documents on a regular basis to ensure accuracy and further fine tune the day-to- day operations in an ongoing effort to maximize business performance. In addition to these internal reviews, business experts also recommend review by an impartial third party. The checks and balances afforded by an outside company that specializes in balance sheet and profit and loss statement review can help to ensure the reliability and effectiveness of the data itself. Real Journal has the expertise to help you improve the visibility of your individual assets and liabilities, and true profitability. We understand the tactical importance of preparing and reviewing these all-important financial documents, and are ready to work with you to free up cash and maximize profitability. Our staff of accomplished consultants knows where to look and what to highlight to identify addition near and long-term opportunities.
Real Journal offers clients a range of accounting, auditing and assurance services that can help businesses and organizations streamline financial processes, excel in transparency, and improve the reliability of their financial reporting. Our partners and staff stay ahead of the important accounting, audit, and compliance issues that impact our clients and their industries.
