Outsourced Accounting & Tax Services: Empowering CPA & Accounting Firms for Success
At Datastub, we specialize in providing comprehensive back-office support to CPA firms across the United States. Our services include bookkeeping, accounting, tax preparation, payroll processing, sales tax compliance, books clean-up, and year-end finalization. By partnering with us, CPA firms can streamline their operations, reduce the burden of managing in-house staff, and focus their time and expertise on acquiring new clients and delivering high-value financial advisory services. Our team of expert bookkeepers, equipped with specialized skills and knowledge, ensures accurate, timely, and compliant financial records, helping CPA firms enhance efficiency and better serve their clients.
Our Services for CPA & Accounting Firms
Comprehensive Bookkeeping
Accurate and well-organized bookkeeping is the foundation of financial stability and success. At Datastub, we manage all aspects of bookkeeping to ensure that every financial transaction is accurately recorded and categorized. This enables CPA firms to focus on providing strategic financial insights while we handle the day-to-day financial details.
1. Accounts Payable Management
2. Accounts Receivable Management
3. Bank & Credit Card Reconciliation
4. General Ledger Reconciliation
5. Books Clean-up
Accounting Solutions
Beyond basic bookkeeping, our accounting solutions offer deeper financial insights. We prepare detailed financial statements, perform budgeting and forecasting, and conduct financial analysis to identify trends and opportunities. Our team ensures that your client’s financial data is not only accurate but also actionable, empowering CPA firm’s clients to make informed decisions that drive growth and profitability.
1. Financial Statement Preparation
2. Cash Flow Reports
3. Financial Analysis Reconciliation
4. Comparative Financials & Trend Analysis
5. Management Reporting
Tax Preparation
Navigating the complexities of tax regulations can be time-consuming for CPA firms. Our expert tax preparation services streamline the process, ensuring compliance and accuracy for your clients.
1. Individual Tax Return (1040)
2. Partnership Tax Return (1065)
3. Corporate Tax Return (1120, 1120S)
4. FBAR Filing
5. International Tax Compliance (Form 5471, 5472)
Payroll Services
Managing payroll efficiently is critical for businesses, and we help CPA firms provide hassle-free
payroll processing for their clients. Our payroll solutions ensure accuracy, compliance, and
timely execution.
1. Payroll Processing
2. Record Keeping
3. Payroll Accounting
4. Payroll Reporting
5. Payroll Reconciliation
Sales Tax Services
Sales tax regulations vary across states, making compliance a complex challenge for businesses. With Datastub managing sales tax compliance, CPA firms can ensure accuracy and avoid penalties for their clients while maintaining full regulatory compliance. Our sales tax services ensure that CPA firms can efficiently manage compliance for their clients by offering.
1. Sales Tax Nexus Determination & Registration
2. Accurate Sales Tax Calculations & Tracking
3. Timely Sales Tax Return Filings
4. Multi-State Sales Tax Compliance & Reporting
5. Handling Sales Tax Audits & Notices
1099 Compliance
Managing independent contractor payments and ensuring proper tax reporting is crucial for compliance.
1. Tracking & Verifying Independent Contractor Payments
2. W-9 Form Collection & Maintenance
3. 1099 Form Preparation & Filing
4. Timely Electronic Filing and Submission of Forms
Books Clean-Up Service
Messy or incomplete financial records can hinder business decision-making and tax reporting. Our books clean-up services help clients of CPA firms to bring financial records up to date. By outsourcing books clean-up to Datastub, CPA firms can ensure their clients’ financial records are accurate, organized, and ready for tax season. Our services include.
1. Identifying & Correcting Errors in Accounting Records
2. Bank, Credit Card & Loan Reconciliations
3. Categorizing & Reclassifying Transactions for Accuracy
4. Resolving Financial Statement Discrepancies
5. Ensuring Proper Documentation for Tax Compliance
Management Reporting
Our tailored services of Management reporting offer detailed insights and analysis, empowering clients of CPA firms to take business decisions and adeptly navigate financial landscape.
1. Cash Flow Management
2. Budgeting & Forecasting
3. Ratio Analysis & Performance Metrics
4. Comparative Financials with Insights & Recommendations
5. Inter-Company Reconciliations
6. Compilation & Review Reports
