When you partner with Copper Canyon Tax and Accounting Services all the hassle and guesswork of bookkeeping and payroll is eliminated, clearing the path for you to focus on your clients, your business, your vision and your dreams. With ever-changing tax laws and payroll compliance, it's more important than ever to seek guidance from a trusted, knowledgeable adviser.
Our firm provides a full range of cost effective business accounting services as well as setup for new businesses.
Business Accounting Services
Meaningful, well-organized financial records ensure that your business operations will run more efficiently and financial decisions can be based on rock solid financial information. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping
- Full service bookkeeping including: reconciliation of balance sheet accounts, monthly sales tax reporting, budgets, break-even analysis and compiled financial statements.
- Full service payroll including: all types of compensation, 401k, insurance and expense deductions, direct deposit, quarterly and annual tax filings, W-2's.
- Quickbooks consulting and clean up.
Accounting Setup for New Businesses
Few topics in small business are as confusing as accounting, especially to the new business owner. The first decision to be made is which type of accounting method to choose, there are 2 choices: Cash basis or Accrual basis. After choosing a method for recording transactions, it's time to setup your "chart of accounts". A "chart of accounts" is simply a listing of all the various accounts in your accounting system. There are asset accounts, liability accounts, income accounts, expense accounts, and equity accounts. Once you've chosen your accounting system, the next step is maintaining your accounting system. Copper Canyon Tax and Accounting Services will be on your side every step of the way.
Accountant / Bookkeeper hourly rates:
Initial QuickBooks Set-up and/or Training $55.00
Bookkeeping - we maintain or we log in remotely $55.00
Bookkeeping - your premises plus mileage $70.00
Income Tax Preparation hourly rates:
Business taxes including Form 1065, 1120 & 1120-S $145.00/HR minimum $580.00
Includes analysis of general ledger, reconciliation of balance sheet accounts, completed tax file and tax return with schedules L, M-1 & M-2, and basis calculation.
Individual tax returns are prepared and charged by the form. Please see the fee schedule for more information.
Payroll and Contractor Payments:
Initial Payroll set-up includes enrollment in electronic filing service and direct deposit or signature ready checks for employees and contractors.
S-Corporation officer only payroll:
1 or more officers paid once a month by direct deposit $50.00 per month/ $600 per year.
Bi weekly or semi-monthly payroll rates*:
1 - 5 employees/contractors $75.00 per month/ $900 per year.
Employees/Contractors over 5 total are an additional $5.00 each per month.
Monthly fee includes:
- Process payroll and calculate Federal and State tax deposits.
- Make Federal and State tax deposits electronically.
- Prepare and e-file quarterly payroll tax returns for Federal, State, and Department of Economic Security.
- Process and mail forms W-2, W-3, 1099 & 1096 at year end.
- Calculate and pay state and Federal unemployment tax and prepare the tax returns and associated documents and fillings.
- Standard delivery by USPS.
*Fees for weekly payroll will vary from pricing shown, call for quote.
Prices include paying all Federal, State and DES deposits electronically through your business bank account. Deposits are based on the dollar amount of total gross pay per pay period. Electronic payment of federal, state, and DES withholding is required. Payroll hours need to be submitted two (2) business days before the direct deposit payroll date.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.
Individual and Business Tax Preparation
Tax laws change every year and what was true in the past is not necessarily valid in the current year. Keeping up with the changes and knowing how to apply those changes can be a daunting and time consuming chore. Although there is help available from the IRS and numerous income tax preparation software programs at your disposal, preparing your own income tax return is challenging. Copper Canyon Tax and Accounting Services will help you reduce your current tax liability by making sure your return is prepared correctly and takes advantage of all credits and deductions you are entitled to.
According to a study released by the US Government's General Accounting Office in 2005, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional trained in income tax preparation.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall strategy, you can use our experience and access to current new developments in the tax laws to minimize both your current and future tax liabilities.
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company...) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Personal Finance and Debt Management Consulting
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Download a copy of our current fees and expenses for professional services.