Accounting Services

Commonwealth Tax offers the following accounting services:

Payroll

When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.

Small business owners spend an average of eight hours a month performing payroll functions.  That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.

We can help you meet the complex new requirements brought about by the Affordable Care Act (Obamacare).

We offer payroll solutions specifically tailored to meet your needs and to enable you to spend time doing what you do best--running your business.

Bookkeeping

We offer full-service bookkeeping tailored to your specific needs which may include monthly financial statements, if you desire.

Sales Tax & Meal Tax

We can prepare your sales tax and meal tax returns either from data derived from your ongoing bookkeeping records or from point-of-sale data you send to us.  We will coordinate all your sales tax and meal tax payments.  We can prepare your sales tax and meals tax returns for business conducted in any of the fifty states.

Tax Preparation

Preparing a business income tax return is a complex and demanding task which requires specialized knowledge.

Today's tax laws are so complicated that filing any business income tax return can be hopelessly confusing.  Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

Tax Planning

Planning is the key to successfully and legally reducing your tax liability.  We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...