Different Types of Tax and Accounting Related Services


Posted February 3, 2021 by ctacpafl

Accounting refers to the process of keeping financial records pertaining to the business. It involves the process of recording, summarizing, analyzing and reporting all the transactions.
 
Accounting is one of the most important parts of a company without which the operations cannot be structured properly. It can be categorized into:

Financial Accounting - This accounting format deals with the summary, analysis, preparation of financial statements and reporting of financial transactions for a business.

Management Accounting – This type of accounting helps in financial and non-financial decision making information that in turn assists the managers of a company.

Auditing - Audit is very important for an organization which scrutinizes the books, accounts, statutory records, documents and vouchers for presenting a fair and true picture of the financial scenario of the company.

Tax Accounting – Personal tax preparation Orlando FL helps in preparation of regular tax, sales tax and various other returns called tax accounting needs experts to execute it. This governs the taxes of a company which is enforced by the law and different from general accounting principles.

Cost Accounting - Good cash flow management can improve a company’s liquidity. Reduce costs and increase profitability.

Payroll Services – Payroll management Orlando FL provides varying degrees of payroll services that include preparing payroll, calculating taxes and other withholding and issuing checks.

Statutory Compliances - The accounting team is well versed with the compliances that a company has to follow in terms of tax deductions, minimum wages to be fixed, ESI Fund and PF Deductions, Professional Taxes, Gratuity and other employee-related services.

Virtual Accounting - With the expansion of business, the scope and value of business are also likely to grow. Virtual accounting is one such accounting service that will help businesses deal better with their accounting services with the help of qualified accountants who will work remotely.

Tax Planning - The main purpose of tax planning is to ensure that there is proper tax efficiency. With proper tax planning, all financial activities will work in the most tax-effective way possible.

Accounting services Orlando FL is any kind of business entity is a startup or an existing one needs to have a channelized accounting system for consistent business growth.

Contact Us
Business Name: Classic Tax & Accounting CPA
Address: 5401 South Kirkman Road, Suite 310 Orlando, FL 32819
Phone No.: 321-310-1298
Website: https://ctacpafl.com/
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Issued By Classic Tax & Accounting CPA
Phone 321-310-1298
Business Address 5401 South Kirkman Road
Suite 310
Country United States
Categories Business
Tags payroll management orlando fl , personal tax preparation orlando fl
Last Updated February 3, 2021