Want To Know About Us
PAYLESS TAXES
At Payless Taxes, we work with construction companies, contractors, engineers, and subcontractors frequently requiring performance or payment bonds, or fidelity bonds. Construction companies expanding operations and seeking to increase bonding limits
For contractors to get approved for surety bonding, they need to maintain accurate and up-to-date records of revenue, expenses, cashflow, accounts receivable and payable, and bond-related transactions. Schedule a FREE call to learn how we can help you.
Our Services
What We Do
TYPICAL TAX PREPARERS AND ACCOUNTANTS HELP YOU RECORD YOUR FINANCIAL PAST.
TAX ADVISORY
No one likes paying taxes, especially those that are above the bare legal minimum required. However many business owners don’t understand all the legal options that are available to them to reduce their tax burden (the largest expense most business owners pay!). Our team uses over 200 tax strategies to find all the above board, legal loopholes that are applicable to your situation and provide you with details instructions, step by step guides, video education, and personalized phone calls and Q&A sessions to help you take advantage of everything you are allowed to take. Savings so far? We can work with your current advisor to help you implement these powerful strategies into your tax world! You do not have to switch if you love your current tax preparer!
TAX PREPARATION
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Taxes. Just the word can make people cringe. The Payless Taxes team of professionals are focused on reducing your headaches around filing taxes, helping you look for possible strategies to reduce the taxes, and ensuring that you meet all the required IRS deadlines, regulations, and ever changing updating tax law changes. Our team makes sure that filing those pesky returns is as easy as possible (it is the “IRS” after all) and provides you peace of mind that your taxes are “just taken care of.” Like a full-service concierge, our team anticipates your needs. By the time you think you need to file an extension, we’ve probably already filed it for you. We make sure everything you need to substantiate deductions is available in case of an audit.
SURETY BOND ACCOUNTING
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Accounting for commercial contractors needs to be done in percentage of completion method to get approved for Surety Bonding and Reviewed Financials by your CPA. Your financials gives you a picture as to where you stand financially. How each job performance impacts your overall company. How the backlog you have determines the amount of cash you operate with. Whether or nor you have enough cash/working capital to cover overhead. Whether or not you have the capacity to bond the next big job. There would be no more guess work, your books will give you a picture where you stand financially and on each jobs. Your data will always be accurate, up to-date, and our team will help audit-proof you, just in case, by asking lots of questions to make sure we have all the i’s dotted and t’s crossed.
KNOWIFY IMPLEMENTATION
We are Knowify Certified Advisors who work with QuickBooks Desktop and Quickbooks Online for contractors to provide bookkeeping and controller service.Our team takes the guesswork out of construction bookkeeping and accounting. We assist clients with the following aspects of their business. • General bookkeeping. • Bills payment. • Billing and invoicing. • Bank and credit card reconciliation. • Loan account reconciliation. • Job costing and profitability analysis. • AIA Billing
BOOKKEEPING SERVICE
Financial management for construction companies is complex. Multiple vendors, huge costs, clients, and crews are involved, and their incomes, cost, and expenses must be tracked at all times. As a construction company owner, you need to stay on top of things. If your accounting processes and bookkeeping are not up to par, you may lose control over project costs and progress and run into issues with investors and creditors. At Payless Taxes, we understand the accounting needs of construction companies and provide monthly bookkeeping, accounting software integration, and a wide range of other accounting services for construction contractors. With over a decade of experience in this industry, we know what it takes to help you overcome the accounting challenges you may come across in the construction industry. Our team of professional accounting and bookkeeping experts is experienced and qualified to provide the best accounting services to our clients. They’re proficient in the latest accounting software technology and best practices and know how to leverage it all to achieve the best results for your construction business.
QUICKBOOKS CLEANUP
Whether you are using Enterprise, or QuickBooks Online, our QuickBooks cleanup service provides you with a healthy, fully optimized QuickBooks file. We will review your data file, including the balance sheet and income statements, and determine the best way to optimize your workflows. We will look at the list items and transaction types you use and optimize them to run more efficiently. We’ll make sure your QuickBooks is functioning to serve your specific industry needs, resulting in a better way for you to use QuickBooks. Once we’ve finished your QuickBooks cleanup, we will schedule a one-hour call to review the results. We’ll create a project plan to make sure you can take full advantage of the features that serve you best.
Tax Planning
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Coaching and PROACTIVE strategies to build your future
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Confidence knowing you are paying the least amount of tax possible
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A customized strategy created just for you
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Personalized solutions for your own situation that reduce tax
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Ongoing Support
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A team of advisers to give direction and accountability through goal setting
Bookkeeping Service
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Actionable insights for strategic decision-making
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Scalable, efficient cloud-based services that are designed to meet you where you need help
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Our controller services provide oversight to ensure that the right policies and procedures are implemented
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Ongoing Support
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A team of advisers to give direction and accountability through goal setting
RETURNS WE PREPARE
FORM 1120S
S-Corporation Return
FORM 1065
Partnership Return
FORM 1040
Personal Tax Return
Every Package Includes
BOOKKEEPING
Every return is managed by our CPA staff and tax team. Any questions, get advise and hear recommendations
FIND DEDUCTIONS
Before your return is started, our financial accountant team reviews your financial statements for misses expenses
TAX STRATEGIES
As a business owner, you have several tax strategies available to you. We make sure you take advantage of every one.
EXPERT REVIEWED
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Our return is reviewed by CPA's with an average 15 years expericne.No deductions or opportunity missed.
E-FILE & DIRECT DEPOSIT
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We e-file all returns for you and make sure your refund is direct deposited to your bank
FAST TURNAROUND
Your return can be prepared in 72 hours depending on complexity and time the return is purchased
INCLUDES K-1'S
Tax service includes every form needed. You will receive K-1's, state tax return and any other form IRS requires
TAX RETURN STORAGE
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Once we finish your return, we will store it electronically on our secure servers for upto 5 years
PREMIUM SUPPORT
Our support agencies are available to you 5 days a week from 9 am -5 pm