Bookkeeping Services
How We
Can Help
- Accounts Payable
- Accounts Receivable
- Financial Statements
- Payroll
- Sales Tax Reports
- Workers Compensation
helping you in
New Clients and Small Bussiness
Hispano Income Tax has the necessary experience in bookkeeping for businesses ranging in size from a single owner to countless staff members.
We support online accounting platforms and are happy to work with whatever system you are using, provided that it is accessible through a browser. Our experience in most major platforms is extensive, leading to top-quality work.
Payroll
From one single employee to over 100, our small business services will help you put together your payroll system, administer benefits, and ensure you are in compliance with federal, state, and local codes.
Reporting Employment Tax Returns
Payroll (Form 941, 940, 943, W-2, W2-G, W3, 1099, 1098, DE 88, DE6 DE7, etc.)We can make federal tax deposits through the Electronic Federal Tax Payment System. This system lets you make a paperless deposit by transferring your deposit electronically to our personal computers. With electronic payments, you don’t have to worry about writing checks, getting signatures on checks, and last-minute trips to the bank, you also save the expense of checks, stamp envelopes, and staff time required to make tax payments.
Self-Employment Tax
Remember if you own or operate your own business as a sole proprietor, jointly with your spouse, or as a partnership. You must pay SE tax on your income.
If you are self-employed you must make your own tax payments. These payments are called estimated taxes. Self-employment tax is paid by making quarterly estimated tax payments on Form 1040-ES Estimated Tax for Individuals Electronic Filing Program.
The self-employment tax rate on net earnings remains the same for 2008. This rate, 15.3%, is a total of 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).
Standard Mileage Rate
The standard mileage rate for the cost of operating your car, van, pickup, or panel truck for your business is 50.5 cents a mile for all business miles driven.
Sales Tax
From setup to monthly, quarterly, or annual reports, we are happy to complete this service for you. If you have issues with sales tax or have received a notice from the state, please send it over to us at info@hispanoincometax.net and we will address it for you.
