Meru Accounting’s Ideal Bookkeeping, Accounting, and Tax Return Process:
(for small and medium-sized Businesses with turnover or sales less than $10 Million per year):
- Choosing best accounting software as per needs of Business.
- Understanding the Business of client.
- Setting up a Chart of Accounts, Class tracking, Working Process, frequency of updating books, client-specific requirements, etc.
- Setting up Recurring tasks in our Project Management system and assigning correct due dates.
- Executing recurring tasks and making sure all the tasks are delivered on time.
- Monthly/Weekly Bookkeeping discussion on Financials and suggestions on improvements from both side.
- Preparation of 1099 and W9 forms.
- Preparation of year-end accounts for the Owner’s review.
- Drafting and Finalization of Tax liability after considering all the possible tax deductions.
- Finalization of Tax return and submission of Tax returns.