Tax Services & Business Solutions

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Today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. 

What you get with Imperial Tax Services: 

• Your tax return will be checked and rechecked by our expert tax consultants to identify potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
• Your tax return can be filed electronically so you will get a refund back quicker
• Our staff will show you how to adjust your payroll withholding to get more money back each week.
• We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability.

INDIVIDUAL TAXES SERVICES

• Individual Tax Preparation Federal & State
• Tax Planning
• Audits Support
• Collections Relief
• Electronic Refund Check
• Electronic Direct Deposit
• IRS Direct Check
• Electronic Filing

SMALL BUSINESS  TAX SERVICES - Sole- Proprietors, Partnerships, Corporations C & S, LLC 

• Income Tax Preparation Federal & State
• Tax Planning & Entity Formation
• Sales Tax Return Preparation
• Audits Support
• Collections Relief
• Electronic Filing

Additional Services

• Offers-in-Compromise
• Tax Returns Amendments
• Unfiled Tax Returns
• Tax Planning

Constantly changing federal , state, and local laws and tax regulations make payroll management and processing an ongoing challenge. We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best-running your company. When it comes to paying employees, state laws and the IRS have made the payroll process a time consuming nightmare for the small business owner. Small business owners spend an average of twenty hours a month performing payroll functions. That's 30 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.

We offer computerized payroll solutions that meet your business's needs and enable you to spend time doing what you do best-running your company. 

WHY OUTSOURCE YOUR PAYROLL

• It's Cost Effective - Use your staff more efficiently by letting us handle your payroll and the associated legal details. Reduce costs by removing the need to hire specialized employees.
• It's a Time Saver - Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system, meaning no more data entry, no more researching updates or new laws, and no more worries.
• Payroll Tax Filing - Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?
• Focus On Core Competencies - Our professional staff allow you to focus on the core competencies of your business, while we focus on your payroll processing. We are payroll professionals, meaning you get experts that work with you and for you.
• Comprehensive Reports - You get a wide variety of user-friendly and accurate payroll reports. 
• Federal, State & Local Compliance - We make sure that your payroll meets all calculation regulations at all times, removing the constant burden of costly penalty fees.

PAYROLL SERVICES INCLUDED

• Payroll Cycle Processing
• W-2s and W-3s filing
• Filing and deposits of Federal, Sate and Local Taxes
• Guaranteed Security
• Integration with Worker's Comp (additional fee)
• Integration with Accounting Software (additional fee)
• Integration with Time & Attendance Software (additional fee)
• Payroll Reporting (Payroll Details, Tax Filing, Tax Deposits, Contribution History, and more...)
• Direct Deposit
• Employee Portal (Desktop or Mobile)
• Unlimited Payrolls (same cost per payroll run)
• All Pay Frequencies
• Multiple Locations Capabilities
• Customizable Hours, Money, Deductions
• Electronic or Printable W-2s
• Multiple Pay Rates
• Paying Contractors in Payroll
• Quarterly or Year-End Payroll Filing (940, 941, W-2, and W-3)
• Year-End 1096 Filing for Contractors to IRS and Qualifying States

A key element in starting and growing any business is bookkeeping. It is what differentiates a hobby from a business. The insight derived from bookkeeping and accounting helps business owners make profitable decisions in order to grow. Our professional bookkeeping services will help your small business produce useful, accurate financial records on a monthly basis. 

 Accounting is all about using financial data to drive decision making. This financial data is prepared through bookkeeping services. Bookkeeping tasks involve the process of tracking your business assets, liabilities, income and expenses to help you make smart, informed business decisions. This is an ongoing process that should be performed at least monthly. To save time and the headache associated with this, it is smart to ask help from an expert bookkeeping team for your small business.

With Imperial Tax Services, you can spend your time focusing on more important business operations, like growing your business or generating more profit, while we take care of your books for you.

Each month or quarter we'll do the following things for you:

CHART OF ACCOUNTS
Setting up your business chart of accounts as a preliminary step in putting together your firm's accounting platform.

LEDGER MAINTENANCE

Providing quality and accurate General, expenses, assets, and liabilities ledger maintenance for your business

BALANCE SHEET
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time to allow you to make educated business decisions.

BANK RECONCILLIATION

Balancing your books with bank records. Assist you with cash flow by maintaining a proper record of money getting in & out of your company.

• Bank statement reconciliation with your bank statement
• Credit card reconciliation with your statement records
• Matching of invoice with your ledger as well as journal entries
• Sequencing of checks
• Balance sheet reconciliation

ACCOUNTS PAYABLE & RECEIVABLE

Determining money that you are obligated to pay your vendors and the money which is owed to you by your clients

• Invoice imaging and storing                                 
• Order management
• Customer billing
• Customer aging
• Collections management
• Cash forecasting & reporting
• Invoice approval
• Expense allocation
• Online payment approval
• Check processing
• Handling of vendor inquiries

CASH FLOW MANAGEMENT

Handling your business cash flow to make sure you have cash any time you require. This is amongst the most crucial aspects of any company.

FINANCIAL REPORTING & ANALYSIS

Creating monthly/annual reports for your business, like balance sheets, income statements and statement of cash flows.

• Balance sheet
• Income statement
• Cash flow statement
• Bank reconciliation report
• Detail general ledger report
• Fixed asset account management

You deserve the guidance & support your business needs to manage your workforce

Our consulting services provides human resources best practices in human capital management, tactically integrating effective HR consulting processes, programs and practices into daily operations. Imperial's HR Consulting provides the skills and knowledge to help businesses attain goals and solve internal and employee related problems.

We will review employment records to ensure employees are classified correctly based on their job function; compensation and supervisory roles and provide policies and procedures to maintain compliance with all state, federal and local regulations.

We will help you develop  a conflict resolution strategy, in a non-confrontational manner, through consultation and facilitation strategies for workplace problems and issues, and the communications between employees and supervisors, corrective action and planning, disciplinary actions, and explanation and clarification of policies and procedures.

We will start by providing you with an appraisal of your company’s HR risk assessment and recommendations improve poor performing areas and to assist in lowering the overall company exposure.

Our team of experienced Human Resources Consultants are knowledgeable and experienced. We will become an extension of your staff to relieve the administrative burden of Human resources and free you up to do what you do best – grow your business.

SERVICES:

Human Resources

• Initial HR Review And Compliance Audit
• Performance Management Support
• Employee Relations & Compliance Support
• Workforce And Labor Management
• Policy & Procedure Best Practices
• New-Hire Orientation Development
• Termination Management Program
• Compensation Management Program Development 
• Live Telephone and/or teleconference Support
• On-Site Support And Guidance

HR Technology

• Cloud-Based HR Information System
• Manager And Employee Logon/Dashboard
• Online Vacation/PTO Request Module
• Integrated Time And Attendance Management
• Secure File Exchange

Employee Benefits Plan Administration

• Corporate Benefits Package
• Group Health Coverage, Dental, Vision, Life
• Group Short & Long-Term Disability Coverage
• 401(K) Retirement Plans
• Employee Assistance Plan (EAP)
• HSA,FSA, Section 125 Cafeteria Plans
• Benefits Administration & Compliance
• COBRA Administration
• Government & Regulatory Compliance
• Long Term Plan Cost Containment Strategies
• Retention Strategies / Benefit Plan Design 

Employee Training

• Training & Development
• Live in Office or Teleconference Training Available
• California Approved and Mandated Courses

Workers Compensation Claims Management

• Pooled Insurance Program
• Workers Compensation Claims And Oversight
• EDD And Government Agency Responses
• Long Term WC Cost Containment Strategies
• Pay-As-You-Go Payment Plan
• Certificates Of Insurance
• Waivers Of Subrogation
• Accident Investigations
• Return-To-Work Programs

Safety & Training Administration

• Safety Program Administration
• Injury And Illness Prevention Plan
• Lost Time Frequency Tracking
• Safety Audits / Inspections
• OSHA Compliance Support
• OSHA 300 Log Maintenance
• Safety Manual Development / Updating
• Safety Training 

Imperial Tax Services works with new and developing businesses to help simplify business formation and incorporation procedures. We have professionals that possess the right tools and experience to get your small/medium business started. These are the business formation services we offer:.

Free Guidance & Name Check
We provide free guidance on selecting the correct entity and then checking if its name is available.

Corporation, LLC or Partnership?
We help you determine the best business structure for your specific circumstances whether it be a corporation, LLC, partnership.

State To Incorporate In?
We can form your business in any of the 50 states. We will guide you in selecting the appropriate state based on your specific circumstances.

Minimizing Taxes Using Your Company/LLC
It is one thing to form the correct company, it's entirely another to harness and manage the tax benefits to your advantage. Our tax services will assure that you accomplish this by having the lowest possible tax exposure while also guiding you on how to best take distributions from your company.

Opening Bank Accounts
Our relationships with multiple banking institutions will help you navigate through the process of opening the right business bank account, banking services and establish the right financial relationship with your bank

Setup Federal, State, & Local IDs, Licenses & Permits

We can help you with the setup all required Federal & State tax id, city permits, and licenses

Payroll / Health Insurance / Benefits
The rules for payroll and social security are daunting. We will guide you on how to properly set up payroll and meet all payroll related compliance matters for both IRS and State. In addition, we will guide you on your options surrounding health insurance, retirement and fringe benefits. 

A business that isn't aware, avoids or disregards its HR responsibilities is headed for legal complications in today's regulatory climate. HR compliance is a mandatory process, and there are multiple rules, laws and acts to consider, such as the wage & hour, OSHA, sexual harassment, anti-discrimination laws, and more.

California regulations are constantly changing and updating. Every year, hundreds of labor regulation changes occur, and it’s critical to keep up with those changes in order to avoid costly fines. Our compliance services program provides a comprehensive analysis of your current policies and procedures to expose potential liability.

Overlooking employment laws and regulations or not following the proper protocol can lead to costly litigation and penalties. Our experienced HR consultants can help you to have the right policies and practices in place to help limit your liability.

SERVICES:

Regulatory Compliance

• Effective Policies & Procedures
• FLSA Compliance And Guidance
• Employee Handbook Review/ Development
• Record Keeping
• Exempt And Non-Exempt Classifications
• Paid Family And Sick Leave Laws
• Wage And Hour Compliance
• Sexual Harassment (As Required By Law)
• State(S) Unemployment Claims Administration
• IRCA – I-9 Compliance / Administration

Safety & Training Compliance

• Safety Program Administration
• Safety Audit
• Injury And Illness Prevention Plan
• Lost Time Frequency Tracking
• Safety Audits / Inspections
• OSHA Compliance Support
• OSHA 300 Log Maintenance
• Safety Manual Development / Updating
• Safety Training