Shah & Pandya, CPA, P.C

Compliance Services & Outsourced Accounting

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Compliance Services & Outsourced Accounting

Businesses must adhere to compliance protocols in a timely and accurate fashion in order to avoid fines & penalties. Outsourcing this minimally glamorous but imperative task to our specialists will allow you to focus on developing your business. 

Bookkeeping & Write-Ups - When you outsource your accounting and bookkeeping needs to S&P, you’re freeing up capacity to focus on other essential business functions that can help grow your business. You will simultaneously have peace of mind knowing that experienced accounting professionals are maintaining your accounting system. Our team ensures that we keep pace with the changing landscape of laws and regulations that impact your business, mitigate potential risks, and streamline your accounting systems to improve efficiency while reducing costs. 

Lastly, outsourcing your accounting services will alleviate the burden of hiring, training and maintaining your own internal accounting staff. Our bookkeeping services are designed to instill confidence in our clients and include the following: 

  • Up to date record keeping and reconciliation of all credit cards, bank accounts, asset & liability accounts.
  • Customized reporting - Our team will provide you with the financial reporting and analysis you need to make better informed decisions about your business. These reports provide up-to-date data on key performance indicators for your business in a format that’s easy to understand and distribute, and eventually support your growth & development.
  • Provision of Key Financial Ratios - Historical and forecasted financial metrics can provide vital information regarding the performance of all aspects of your business. We can help you identify the most important performance indicators that you should be tracking and ensure that you understand their implications for your business and make sounds business decisions for your future. 

Payroll services – Our team of professionals are well qualified to prepare the following payroll documents to ensure that your employees are paid in a timely fashion and stay satisfied: 

  • Process live payroll
  • From 940 - Quarterly
  • From 941 - Annually
  • Reporting and filling W2 

Sales & franchise tax filings – Our team can prepare and file sales tax returns in all states. We can help you set up your accounting system to properly manage and account for out of state sales. Due to the Wayfair vs South Dakota case it is imperative to register for sales tax and file sales tax returns in states where you exceed the threshold (either number of transaction or dollar value of transactions).

1099 filings – We can prepare and file all necessary 1099’s.