Welcome to Turner Accounting Technology Group

Experiencing fast growth? We specialize in streamlining/connecting your business systems QuickBooks, Xero, NetSuite and Dynamics 365 Bil.com, Expensify Insightly, Tsheets and other's. Configuration services. Remotely and Onsite.

What we Offer?

Remote and onsite services include payroll, accounts payable and receivable, credit card management, revenue recognition and financial reporting. Film production Budgets/financial reporting. Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management. QuickBooks, Xero and NetSuite setup including 3rd party-applications.

Remote Bookkeeping/Accounting Services

QuickBooks Online + Bill.com + Hubdoc = A completely paperless office

Onsite Bookkeeping

A dedicated bookkeeper available up to 24 hours a week or month.

Our services include payroll, accounts payable and receivable, credit card management and financial reporting. Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management, and debt planning and reduction.

QuickBooks - Xero - NetSuite - MS Dynamics

Setup, data migration, COA, 3rd-party software setup: Bill.com, Tsheets, Invoice ASAP, Square, Fishbowl, Trade Gecko, Expensify

Our Accounting Software Expertise

Software selection, setup, data migration, training and customization.

What People are saying on Google

Great job cleaning up our 2017 & 2018 Books and migrating from QuickBooks desktop to QuickBooks online.

img

TATG helped us cut our expenses by 33% by setting up a complete paperless office, because we no longer had the need for a full time bookkeeper. And get this he found another job for our former full time bookkeeper. Now that's what i call "Awesome" service

Alice Culan - UI Developement Services

Latest News

Newest added services: 1. Film production Budgets and accounting services. 2. Business plan comprehensive financials. 3. Completely Paperless Office

Zoho Books Accounting Software

  • End-to-end accounting

    Right from negotiating deals, to raising sales orders, to invoicing, Zoho Books handles mundane accounting tasks so you can focus on your business.

  • Easy collaboration

    With role-based access, you can add your colleagues and your accountant to your organisation so they can log time, view reports, or manage your accounts.

  • Integrated platform

    As your business grows, add more of Zoho’s 40+ apps to help you manage and run every aspect of your business from wherever you are.

LLC, C Corp, S Corp or Sole Prop What’s is best structure for me?

The first reason to create any Tax Entity type and stop working under a Sole Proprietorship, comes down to Separation/isolation of risk and protection of assets. As a sole proprietorship, you and your business are the same entity. If you have a legal issue in the business, they are also suing you personally. If you have a private legal issue, they will sue for your business assets, as well.

 

As a Sole Proprietor, you can take any money from the business whenever you want to and that taking is not by itself the taxable event; and even if you don’t take any money out, you still report the taxable income and pay income taxes on it. This is called Pass Through Entity. You cannot be on payroll. You are not your own employee.

 

Next, you consider forming an entity.

 

LLC = create a bit of separation from your personal life, by creating an entity for business. This affords you some protection, personally. This is a State and Legal construct. For the Feds, you still would file taxes as a Disregarded Entity = sched C. But now you have a legal entity. Example: In Montana, you buy property and title them to an LLC; you might put up to $5m in one LLC, or one property in each LLC. Now, if one building creates a Risk issue, all of the rest of your properties and your Personal life are protected. They sue the owner of the property = that one LLC. This also is a Pass Through Entity.

 

Now, what happens when Others want to join you? They are partners, or members, of that LLC. You cannot have a Sole Proprietorship with “others” (except under very narrow conditions called Joint Venture). Remember, the LLC will insulate you each from the others’ mistakes and their Personal issues, up to a point.

 

Or, you want to elect to be treated as a Corporation. There is C Corp and S Corp. There are Tax regulation advantages to the various entity types. Also, employees start to come into consideration; you can form a corporation and develop a transition plan, so that the employees ultimately own the business when you want to leave.

 

Because under a corporate structure, you are an employee. The US Supreme Court tells us Corporations are their own Persons; you know the corporation cannot do any work. It hires Employees. It is Separate from you. It hires You.

 

For instance, if I have 10 rental properties in 2 LLC, rental income is not the same as Payroll and is not taxed as payroll. If I form an S corp and even am the Sole Shareholder, and then put the property in the name of the S Corp, well, first of all, anyone doing the work of the corporation must be paid through payroll at a Reasonable rate for services performed. You just cranked up the type of taxes to be paid and now you fall under labor laws and employment rules. But, it also opens some other avenues, such as Corporate Owned vehicles.

 

If I ran a tow truck operation, I sure would want to operate as an S Corp and not a Sole Proprietorship. If I owned and managed my own property, I would never use an S Corp structure.

 

An S Corp is a Pass Through Entity, for the Reportable taxable income; this is after payroll is taken as an expense. This tracking and reporting is “by shares owned”. If you work harder than I do, and if you and I are 40/60 shareholders, then you get 2/3 of anything I also take from the business as Distribution, which is why Payroll might be a higher Wage rate for you = to compensate.

 

A C Corp pays its own taxes. That results in reportable income to the shareholders who also have tax considerations. That’s why you hear the phrase “double taxation” used, and this is why it is in the News right now for Tax reform.

 

No one on the internet can give you more guidance than going to your own CPA and a lawyer. They need to review your business, your financials, your Life, to guide you. And get a second opinion. I have seen many people that were “guided” into forming C Corps, unnecessarily. Free Consultation  email me at robert@turneraccountingroup.com

Your QuickBooks Online Cloud Bookkeeper

Your remote bookkeeper, books done right — guaranteed† 415-448-7129  Monthly Bookkeeping $495.00 includes software cost.

Have confidence knowing your bookkeeper reviews and closes your books each month—so you can focus more on running your business. Weekly- Monthly Meetings
Learn more

YOUR BOOKKEEPER WILL:

  • Customize your setup
  • Categorize and reconcile transactions
  • Provide monthly reports on your business
  • Help ensure your books are accurate at month end
  • Close your books on time

PLAN FEATURES

RSS
Follow by Email
Facebook
Facebook
Twitter20
Visit Us
LinkedIn20
Instagram20