20-Factor Test to Determine Independent Contractor Status. Worker misclassification is a perennial issue for the Accountants and IRS.
Miami Accountant Firm
Miami Bookkeeper Services oversees company finances by maintaining financial transactions and establishing accounts; posting transactions; ensure legal requirements maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations. The Bookkeeper performs daily accounting tasks such as monthly financial reporting, general ledger entries, and record payments and adjustments. Additionally, many Bookkeeping in Miami also assists with basic HR duties like new hire documents, compliance, and temporary disability insurance and workers’ compensation filings, making them an indispensable part of an organization’s fiscal fitness.
As the business owner, if you don’t understand the different types of “accounts” your Bookkeeper uses to organize your finances, measuring the success (or failure) of your efforts will be futile.
Miami Bookkeeper Services record financial transactions, maintain financial records, fact checks financial data, and update financial statements. Bookkeeper ensures accounts are current and accurate, using specialized software, spreadsheets, and other tools to track and manage data. Some Miami Bookkeeper Services track all income and expenditures for a company while others may work for larger organizations on specific projects and accounts, or particular departments.
The two most common reasons clients come to us for Miami Bookkeeper Services Services after learning a valuable lesson are:
- the client does the books on their own and made mistakes that cost them time and money
- they thought a cheap data entry person was enough to do the books
The main reason is the client does their Miami Bookkeeper Services which result in misclassifications and errors. They now have to hire a company to clean everything up. This results in unnecessary time and monies spent, delayed filing of tax returns, and a chance the books are wrong.