It is unrealistic for businesses to be able to comply with the myriad of tax regulations associated with payroll, sales, income, excise, among others without experiencing some issues. Large corporations have CPAs, attorneys, and other professionals on staff to ensure compliance, while small businesses are saddled with complying with the same regulatory requirements without this expertise. This is where issues can arise and Rockwater can help.
Our passion for helping our clients survive these challenging issues and to further empower them to scale and grow their business led us to do a root cause analysis across our entire customer base.
What we found are some similar patterns:
- Incomplete, inaccurate, and/or untimely bookkeeping
- Lack of use or proper experience using accounting software like QuickBooks.
- Inability to provide accounting oversight leading to serious mistakes.
- Inability to make business decisions due to lack of timely and accurate financial reporting.
- Unfiled tax returns due to incomplete bookkeeping.
- Reliance upon negligent professionals.
- Lack of understanding of complex federal, state, and local regulations on how you pay and classify employees.
These companies had significant tax liabilities which had major impacts on the success of the business and led to its failure, in some cases. Recognizing having to source multiple service providers led us to develop the following fully integrated services:
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Bookkeeping & Accounting ServicesWe can quickly help you get your books up-to-date, manage ongoing transactions, and provide financial reports to have you ready for taxes, loans, or other transactions, for a clear picture of your business’s financial situation.
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Tax Preparation ServicesFor any past due or prior periods and ongoing to ensure taxes are prepared timely and accurately to stay in compliance with taxing authorities.
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Payroll Processing ServicesTo ensure that payroll is being handled properly and appropriate payroll taxes are being reported and paid timely across all required agencies.
Let's Talk!
To learn more about how our integrated services can help you save time, money, and most importantly, free you up to run your business – contact us today.
