Tax Preparation Services

MoneyPenny Tax Preparation Services

MoneyPenny’s tax preparation outsource services can help accounts, small businesses, and firms with our highly-experienced tax and accounting experts. Our team prides itself on having 35 years of combined experience in US and Canadian tax, and we work with all tax software both server and cloud applications, and apply customized tax services to meet your every need.

Back Office Tax Processing Services

MoneyPenny’s tax preparation outsource services can help accounts, small businesses, and firms with our highly-experienced tax and accounting experts. Our team prides itself on having 35 years of combined experience in US and Canadian tax, and we work with all tax software both server and cloud applications, and apply customized tax services to meet your every need.

Stress-Free Tax Filings

Tax returns can make or break businesses. With MoneyPenny, you don’t have to worry about being in any trouble.

Dedicated and Experienced Staff

Tax accountants play a crucial role in every company. Our dedicated team members provide expert advice on how to manage and deal with tax liabilities and are happy to tailor-fit their tax services to meet your company’s needs.

Tax Services We Provide

  1. Tax Preparation
    1. US Sales Tax
    2. GST/VAT Preparation
  2. 1099 Creation
    1. Review, Prepare and Submit to State, Federal, and Vendors

Tax Preparation 101

Here are the necessary steps of tax preparation followed by many business owners. Your MoneyPenny team is knowledgeable about this process and will guide you every step of the way.

  1. Collect Tax Records Which Include but Are Not Limited To:
    1. Record of Income and Expenditures
    2. Balance Sheet
    3. Cash Flow Statement
    4. Loan Documentation
    5. Inventory Report
    6. Payroll Data
    7. Record of Deductions
    8. Previous year’s Tax Return
  2. Identify Correct IRS Tax Forms and Fill Them Out
  3. Be Aware of Deadlines

Essential Documents to Send to Your Accountant

  • Financial Statements
  • Disclosure of Major Assets (Equipment, Vehicles, Buildings)
  • Records of Business Vehicle Use (Miles Driven or Operating Expenses Incurred)
  • Office Costs (Inclusive of Property Rent Expenses, Phone and Internet Plans, Office Supplies, etc.)
  • Payroll Information

If you’re looking for ways to reduce costs and focus on your customers, outsourcing your accounting and bookkeeping needs is the answer you are looking for. Contact MoneyPenny at (307) 215-5982 for more information.

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Outsource Your Accounting and Bookkeeping Now

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