Collective aims to help you set up your business, manage your back-office, and plan for taxes, so that you can focus on what you love doing. As a member, we will be providing you with all of the following services:
Entity Formation/Verification
Entity formation/verification work: an LLC with an S Corp tax status election
State-level corporate registration (LLC formation)
State-level employer registration (State Payroll Tax IDs)
Federal-level employer identification number (EIN)
Federal-level tax elections (S Corp election)
Registered Agent
Accounting
Accounting Software
Payroll Software
Initial setup of Accounting Software and ongoing updates provided by Collective
Guidance for you to run your first payroll and automatic recurring monthly payroll
Quarterly review of accounts and books
Detailed feedback on how to improve accuracy
Guidance on how to optimize deductions and expenses, etc.
Bookkeeping
Monthly categorization of all transactions from the previous month
Monthly reconciliation of accounts
Monthly management reports prepared
Close books at end of year and prepare for taxes
Taxation
Preparation and filing of business income tax returns (federal & states)
Preparation and filing of individual income tax returns (federal & states)
Preparation and filing of LLC filing fee returns (state only filing)
Preparation of all four quarterly tax estimates (federal & states)
Recommendations on adjusting ‘reasonable compensation’ to mitigate risk
Regular updates on changes in law and tax savings opportunities, etc.
Communication
A Team of Accounting, Payroll and Tax Experts via [email protected]
A dedicated Relationship Manager
Periodic newsletters
Access to affiliated partners
Please feel free to reach out to us if you have any questions and our team will be happy to assist at [email protected].