Bookkeeping is the process of entering daily business transactions into an accounting system. These transactions include sales, receipts, purchases, income, and payments by an individual or organization. Often confused with accounting, the bookkeeping function is used to produce financial reports.
The bookkeeping process is best when performed by a professional bookkeeper. Bookkeepers, also known as accounting clerks, have the knowledge and expertise that many business owners usually do not possess. The bookkeeping professionals at Hatch & Associates will add value to your business by giving you more time to focus on the growth and success of your business. Our bookkeeping service packages are designed to meet you financial reporting needs and not break your budget. We are able to help with the simplest of bookkeeping needs such as entering monthly data, your vendors or invoicing your clients to full service bookkeeping where I associates manage your entire accounting function up to financial preparation and reporting.
Have employees? Payroll is more than just tracking hours and cutting the pay checks at the end of the week. Think about all the areas of your business that are touched by the payroll function. You need to be sure that the hourly pay to the employees are correct, the amount being deducted for federal income taxes are deducted and deposited in a timely manner. In addition federal income taxes there are federal and state unemployment taxes that must be maintained and paid with each pay period. And sometimes you must deal with wage garnishments, benefit deposits and tracking. Having to manage payroll is a job within its self. Or you can have Hatch & Associates, Inc. manage this job for you. We have full service payroll packages that will relieve you of the stress and pressure that the payroll function can cause. We will process your full payroll timely and accurately. We offer direct deposit and payroll check cards. We will process all your quarterly and annual payroll tax returns, make all tax deposits and handle the process and payment of any wage garnishments.
Tax preparation can often be complicated, confusing and a huge hassle. However, it is a task that you do not have to do alone. Careful use of allowable deductions and credits allows you to avoid over/under paying of taxes. Our tax professionals are here to help you stay compliant with all tax regulations, while keeping money in your pocket. We help business owners make sense of business deductions for healthcare, business expenses, self-employment and setting up a home-office. We make sure that all tax returns are filled timely and accurately. We prepare all federal and state tax returns.
For individual tax clients, we can walk you through itemized deductions, if necessary, for applicable losses, charitable contributions, education credits, and other common tax deductions for single tax payers and families.
When it comes to business consulting many companies use this term very loosely but what does it actually mean. A consultant is a professional who provides professional or expert advice in a particular area such as security (electronic or physical), management, accountancy, law, human resources, marketing (and public relations), finance, engineering, science or any of many other specialized fields. A consultant is usually an expert or a professional in a specific field and has a wide knowledge of the subject matter. The overall impact of a consultant is that clients have access to deeper levels of expertise than would be feasible for them to retain in-house, and may purchase only as much service from the outside consultant as desired.
Our consulting services are designed to help our clients get a better understanding of how the company/business is performing financially. We work one on one with our clients reviewing their current financial position and together we develop a strategy for either growth or sustainability. We also work with our clients in the development of organizational policies and procedures. As a company/business grows, it will begin to bring in employees and/or partners and it is best if these policies and procedures are already established and in place at that moment otherwise you are making it up as you go along and things will get missed, mistakes will be made. We are here to help you avoid the after the fact effect.