A Checkup for your Paycheck

When you get an annual checkup in order to maintain the physical health, why shouldn’t you do the same for the financial health? In general, every year, a person or  a business  gains more and more experience,  skills, revenue and growth. That being said, the potential earnings that you hold can increase greatly without you even knowing about it. It is important that you not only maintain your accounting books with bookkeeping services San Antonio, but also the payroll checks of your employees.

Payroll management has long been seen as a hassle for business owners. It is better to outsource your payroll to a certified accountant. Following are a few great reasons for thinking about a checkup paychecks to ensure you have the right calculations for your business.

Why is going for a checkup of paycheck an important step?

In April 2016, you will be thanking yourself for paying attention to paychecks. If the employee takes out the time right away in order to check their withholding, calculations will be easier. On the other hand, in case of they are withholding a small amount, they will actually owe it at the time of tax. Therefore, ideally, you should have just the enough amount withheld so that the amount comes as close as possible to the actual tax liability that you hold for the year.

2. WHO SHOULD BE DOING A PAYCHECK CHECKUP?

Although, any person can generally take the benefits or advantages from a paycheck checkup, but there still seem to be a few groups who should specially consider taking a step towards the paycheck checkup. Following fall in this category:

• Any person who has a fairly complicated financial situation
• A person who has two income families
• A person who has more than one job or multiple jobs
• Any person who itemized the deductions in the year 2017
• All the people who claim credits like the Child Tax Credit

For professional accounting, bookkeeping and payroll management in San Antonio, get in touch with Uhlenbrock CPA. Call 210-701-1040.

Clear all your doubts about the IRS!

We know how you hold Uhlenbrock as your trustworthy Accounting Firm in San Antonio. That makes it our responsibility to clear all your doubts when it comes to accounting. Now, when we talk about accounting, it is majorly affected by the activities of IRS, which eventually affect you. Therefore, it is time to clear all your doubts about IRS.

In this blog, we have tried our best to compile some of the most frequently asked questions about IRS. Here they are.
Q1: What should I do if I have unfiled tax returns?
The best and quite frankly the very obvious thing to do is to file your tax returns as soon as possible. With the help of contractors, employers, mortgage holders or the assets, you have purchased, the IRS will find out about the non-payment anyway.  When it comes to fines you would have to pay, they would only increase with time. You might be able to qualify for an Installment Agreement, Offer in Compromise, or Currently Not Collectible Status if you are unable to pay all of your taxes. In order to prepare for resolving previous years of unfiled tax returns you should collect all tax documentation that would be required for the same. However, if you are not able to find some of the documentation, then our accounting firm in San Antonio can help you with IRS representation.
Q2: What are my options, if I cannot pay what I owe to the IRS?
In the case of financial inability, if you are not able to pay to the IRS what you owe, then you might be able to negotiate an Offer in Compromise. This is where you can settle the taxes for a lesser amount than you owe. If you are lucky and the IRS accepts your offer, then you are eligible to pay the amount agreed upon. Moreover, all federal tax liens or levies are removed. However, the process of
negotiating an Offer in Compromise is long and complicated. It can last up to 18 months. The statistics show that around quarter of all offers are accepted. This makes us come to the next point of hiring a professional. In matters like these, you want to get it right from the beginning. A professional can majorly help.
We understand how you may have more questions, and therefore are providing you with the continuation of this topic in the next blog. For Professional Payroll Services San Antonio and other accounting services in San Antonio, call 210-701-1040.

5 Reasons Why Your Business Needs QuickBooks Software by Uhlenbrock CPA

Keeping track of business expenses and managing manual paper receipts can be pretty laborious and time consuming! Owning a business is a challenge and business owners constantly need to work hard towards maintaining sound health of the business. So, it is better to find ways to save time and energy required in tiring tasks like manual accounting and bookkeeping. One of the best ways is to opt for QuickBooks accounting software, a software program developed by Intuit. Whether you have new business in San Antonio or an established one, QuickBooks can handle all your accounting needs. For QuickBooks training in SanAntonio, get in touch with Uhlenbrock CPA at 210 701 1040.

Here are few more reasons why you should have Quickbooks software for your business accounting –

• Efficient – QuickBooks software has an easy-to-use interface and the software can be set up easily. As QuickBooks automates bookkeeping by doing an excellent job of organizing, recording and reporting financial transactions. By saving you time on paperwork and bookkeeping, you can utilize it on more productive tasks.
•  Analysis – QuickBooks makes it easy to analyze the financial health of your company by generating reports. Finding where your business stands or how profitable the quarter has been can be done using reports.
• Custom Invoices – With Quickbooks Software, you can create and send custom invoices to your customers. It also eliminates chances of error involved in manual typing and entering of invoices.
• Cost Effective – QuickBooks software for your business ensures that you save time and resources. This indirectly results in saving money for your business. Also, QuickBooks is affordable compared to other accounting software.  
• Adaptable – QuickBooks is flexible and adaptable so it can be easily used across different types of small businesses. The software can be further scaled to include generation of financial statements and more.

The go-to accounting software for small businesses, QuickBooks is reliable and efficient. Opt for QuickBooks today and give your business an unparalleled advantage. For QuickBooks training and services in San Antonio, get in touch with Uhlenbrock CPA.

Why You Should Outsource Payroll Management For Your Business

Payroll processing can be really cumbersome and demanding! It is not surprising to see why small and medium size businesses dread payroll processing. Though payroll is a non-core function of the business, it consumes significant time and resources of the business. Risk of payroll not getting processed on time, likelihood of calculation mistakes and more is constantly looming over the payroll management team. Wouldn’t it be great if your business could productively use these time and resources for benefit of the business? Well, there is certainly a way to do so – outsource your payroll management. Find a reliable Certified Public Accountant in San Antonio to outsource your business payroll today.

If you are still wondering whether outsourcing payroll is the right decision for your business or not, here are few points you need to know –

• Productivity – Outsourcing payroll can result in increased productivity as the staff gets time to pursue value-adding activities. The time they used in payroll management can be used to focus on sales, business development and more.
• Time – Payroll requires attention to detail, hence the entire process is time consuming and cumbersome. Right from entering considerable amount of data to calculating tax liabilities, there are several tasks that take time and need to be done for every payroll period. By outsourcing payroll, you can save this time of your staff.
• Expertise – Along with manual processing, payroll management also involves compliance with government legislations. Certified Public Accountants have the necessary knowledge and expertise. They also stay updated with current rules and regulations related to tax rates.
• Cost – Though this may surprise you, but outsourcing payroll is a cost effective decision for your business. When you perform payroll in-house, estimate the cost of resources and time involved. This amount is higher than the cost of hiring a professional payroll service provider.

Focus on running your business without any hassles or worries of payroll processing. Outsource payroll management for your business in San Antonio, call 210 701 1040.