Every state has its own set of laws for bookkeeping and tax accounting compliance, which can make it difficult to find a professional who is familiar with California laws. And as the Golden State’s population continues to grow, so does the importance of local bookkeeping services. If you need help with understanding or complying with California’s top 3 accounting needs, then you will want to hire a California-based bookkeeper:
The Role of a California Bookkeeping Service
Most California-based companies need a bookkeeping service to maintain their books and records, but this service can also help them comply with tax laws, among other benefits. And while many people might think that it’s just an expense that doesn’t provide much in return, it does benefit the company in the long run.
What is the role of a bookkeeping service? A California bookkeeper will help with day-to-day tasks like reconciling bank accounts and preparing financial statements. They also file payroll taxes and handle record-keeping for your business. In addition, they can help you understand your finances by providing valuable insights into how you’re doing financially.
How to Choose the Right Bookkeeper
Choosing the right bookkeeper for your California business is an important decision. You want to choose someone who will use their years of experience and knowledge to help you grow your business.
The first thing you should do is decide on a service level agreement (SLA). What does that mean? It refers to how often the bookkeeping service will meet with you, what services they’ll offer, and how often they’ll send reports. Most companies offer monthly meetings, but some might only meet with you twice a year.
If you don’t know what services your bookkeeper should offer, see if the bookkeeping company has a list of features on our website.
The next thing you should think about is whether or not this person will be able to work remotely. If they’re not available to work remotely, then they’re not as flexible as someone who can work from home or on-site depending on where your company is located.
You should also ask about experience with California businesses and how long it takes them to complete reports. You want someone who can provide accurate information quickly so that you have time to review it before submitting it to the State of California Franchise Tax Board (FTB) or Internal Revenue Service (IRS).