S5 Bookkeeping

At S5 Bookkeeping & Tax Service, LLC, we understand the complexities and challenges small businesses face in managing their finances. As a dedicated team of bookkeeping and tax professionals, we are passionate about providing comprehensive, reliable, and tailored solutions to meet the unique needs of each client. We take pride in building lasting relationships with our clients based on trust, transparency, and a commitment to their success.

Our mission is to alleviate the stress and burden of financial management, allowing business owners to focus on what they do best - growing and thriving in their chosen fields. We offer a full suite of services, from foundational bookkeeping and payroll to advanced tax planning and specialized support for tax preparation. By leveraging our expertise and experience, we empower our clients to make informed financial decisions, optimize their profitability, and achieve their long-term business goals.

Our Services

We offer a comprehensive range of services designed to streamline your financial operations and provide you with the clarity and control you need to succeed.

Small Business Bookkeeping

Maintaining accurate and up-to-date financial records is the cornerstone of any successful business. We provide meticulous bookkeeping services that encompass all aspects of your financial transactions, ensuring your financial health remains in check. Our services include:

• Managing your general ledger, ensuring accuracy and consistency.
• Creating comprehensive balance sheets that provide a snapshot of your business's financial position at a specific point in time.
• Devising detailed income statements, also known as profit and loss statements, to track your revenues and expenses over a defined period. This allows for a clear understanding of your profitability and areas for potential improvement.
• Regular reconciliation of your business bank accounts, meticulously reviewing transactions for accuracy and identifying any discrepancies.

Payroll & Taxes

Managing payroll and ensuring compliance with complex tax regulations can be time-consuming and potentially stressful. We handle these essential tasks with precision and efficiency, offering comprehensive payroll and tax services that include:

• Accurate and timely payroll processing, ensuring your employees are paid correctly and on schedule.
• Meticulous handling of sales tax filing, ensuring compliance with state and local regulations.
• Preparation of 1099 and W2/W3 forms, ensuring accuracy and timely submission to relevant authorities.
• Support with direct deposit, offering a convenient and secure payment option for your employees.

Accounts Receivable

Maximizing your cash flow is crucial to the growth and stability of your business. We provide efficient and effective accounts receivable management services, dedicated to ensuring a smooth and timely collection process.

• Client billing and invoicing, creating professional and clear invoices that facilitate prompt payment.
• Payment collection and processing, diligently pursuing outstanding payments and minimizing delays.
• Accounts receivable reconciliation and reporting, providing you with accurate and up-to-date information on your outstanding balances.

Through our proactive approach and experience, we help you minimize bad debts, improve cash flow, and ensure your receivables contribute to the success of your business.

Other Services

Beyond our core services, we offer a range of specialized solutions tailored to address the specific needs of your business.