Welcome to our Frequently Asked Questions (FAQ) section !
Here, you'll find answers to some of the most common inquiries about our services, procedures and more.
Whether you're a new customer seeking guidance or a returning client looking for quick solutions, this resource is designed to provide clear and concise information.
If you don’t see your question addressed here, feel free to reach out to our support team.
We’re always happy to help !
Bookkeeping services :
Bookkeeping is the process of recording and organizing your financial transactions, such as sales, expenses, and payments.
It’s important because it provides a clear view of your business’s financial health, helps you manage cash flow effectively, ensures compliance with tax regulations, and prepares you for audits or financial planning.
Absolutely. Even small businesses need to track their finances.
Organized bookkeeping helps you understand profitability, avoid tax penalties, and make informed decisions about investments, hiring, and growth opportunities. It also simplifies tax preparation and reporting.
We use the leading software QuickBooks. If you already use a different platform, we can adapt to your existing setup to make the transition seamless.
While it’s possible to handle bookkeeping yourself, it can be time-consuming and prone to errors if you’re not familiar with accounting principles. Working with a professional ensures accuracy and allows you to focus the essential : growing your business.
Ideally, bookkeeping should be done daily or weekly to ensure your records are up-to-date. However, we can customize the frequency based on your needs, whether it’s weekly, bi-weekly, or monthly.
Payroll services :
Our payroll services handle everything from calculating employee wages and withholdings to processing direct deposits, managing payroll taxes, and generating year-end forms like W-2s and 1099s. We also ensure compliance with local, state and federal payroll regulations.
Payroll can be processed on a schedule that works best for your business, such as weekly, bi-weekly, semi-monthly, or monthly. We’ll work with you to determine the best frequency based on your cash flow and employee needs.
Yes, we take care of all payroll tax filings, including quarterly and annual reports. We ensure deadlines are met, filings are accurate, and you stay in compliance with IRS and state tax authorities.
Absolutely. We can manage payroll for employees and contractors, no matter where they’re located in the U.S. We’ll handle state-specific tax requirements and ensure contractors receive accurate 1099s.
No problem ! We can work within your existing payroll software or integrate our services into your setup for a smooth transition.
Tax Preparation and Compliance :
We offer comprehensive tax preparation services for businesses, individuals, and freelancers.
This includes federal, state, and local tax return filings, estimated tax payments, and preparation of supporting documents. We ensure your taxes are filed accurately and on time.
Definitely, our tax planning services focus on identifying deductions, credits, and strategies to minimize your tax burden. We’ll work with you year-round to create a plan that aligns with your financial goals and reduces unnecessary expenses.
Yes, we calculate, collect, and file your sales tax returns. We stay up-to-date with changing state and local sales tax regulations to ensure compliance, saving you from potential penalties.
Absolutely, if you receive an IRS notice or are subject to an audit, we can provide guidance and representation. Our team will review your records, communicate with the IRS on your behalf, and help resolve the issue as quickly as possible.
Tax compliance ensures that your business meets all federal, state, and local tax laws. We assist with everything from filing returns and managing payroll taxes to handling 1099s, sales tax, and business license renewals.
Customized services :
Yes ! We can handle your accounts payable by tracking and paying bills, ensuring vendors are paid on time, and avoiding late fees. For accounts receivable, we manage invoicing, follow up on overdue payments, and help maintain a healthy cash flow.
Absolutely. We prepare detailed financial reports, including profit and loss (P&L) statements, balance sheets, cash flow statements and more. These reports help you monitor your business performance and make data-driven decisions.
We assist with creating budgets and financial forecasts tailored to your business goals. This helps you plan for expenses, manage cash flow, and set realistic growth targets.
Definitely. We’re happy to collaborate with your CPA or tax advisor to ensure your financial records are accurate and ready for tax preparation or financial audits.
We work also close with CPA and other advisors and can connect you together.
Getting started :
It’s easy ! Contact us through our website, email, or phone to schedule a free consultation. We’ll discuss your needs and create a tailored plan that works for your business.
All our services can be accessed virtually. We use secure online tools to ensure your data is protected, and you can work with us from anywhere in the U.S.
We work with businesses across various industries, including restauration, retail, healthcare, real estate, construction, and professional services. Whether you’re a freelancer, small business owner, or corporation, we can help.
Our pricing varies based on the scope and complexity of the services you need. Contact us for a personalized quote—our rates are competitive, and we’ll ensure you get value for your investment.
Don't hesitate to get in touch with us.
+1 (727) 798-3398
+1 (727) 871-9020
management@nytservicefl.com
626, Lakeview Road, Suite A,
Clearwater, 33756, Florida
NYT SERVICE LLC | All Rights Reserved