Bookepping
Payroll
Taxes
- Establishing different accounts
- Maintaining records of financial transactions by posting and verifying
- Defining bookkeeping policies and procedures
- Developing systems to account for financial transactions by establishing a chart of accounts
- Maintaining subsidiary accounts by posting, verifying and allocating transactions
- Reconciling entries to balance subsidiary accounts
- Maintaining a balanced general ledger
- Preparing a trial balance for the accountants
- Preparing financial reports by collecting, analyzing and summarizing accounting for information
- Ensuring compliance with federal, state and local legal requirements
- Monitoring for variances from the projected budget
- Advising management on compliance needs
- Assisting in financial activities such as running payroll and generating invoice
- Collecting, calculating, and entering data to maintain and update payroll information
- Compiling summaries of earnings, taxes, deductions, leave, and non-taxable wages and reporting on this
- Resolving payroll discrepancies by collecting and analysing information
- Ensuring compliance with federal, state, and local tax laws
- Processing changes to payroll, such as new hires, terminations, and wage increases
- Coordinating with HR department to ensure correct employee data
- Providing payroll information when requested by answering questions and requests
- Maintaining employee confidence and protects payroll operations by keeping information confidential
- Staying current with changes in legislation that may affect payroll
- Prepare tax payments
- Estimate and track tax returns
- Complete quarterly and annual tax reports
- Organize and update the company’s tax database
- Recommend tax strategies that align with business goals
- Prepare necessary paperwork for tax payments and returns
- Share financial data with the accounting department
- Identify tax savings and suggest ways to increase profits
- Follow industry trends and track changes related to taxes
- Liaise with internal and external auditors
- Forecast tax predictions to senior managers