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)

  • Foreign registration

  • Re-domestication

  • 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].

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