Accounting, Taxes and Payroll Basics for Business Owners

Midwest Accounting & Consulting LLC will present on how to establish your business with basic bookkeeping and accounting, as well as explain your basic financial reports that include Profit & Loss, Balance Sheet and Profit & Loss Detail, etc. In conjunction with these reports, we will explain how having a good bookkeeping foundation helps with filing your taxes at the end of the year. We work with our clients to reduce taxable income and obtain a greater tax benefit. We will also discuss payroll for your business, explaining what the costs are, the employer's responsibilities, and to which agencies (IRS, state) payments are made to.