Assistance in planning for quarterly payroll and individual taxes to reduce interest and penalties at tax time. Periodic review of client records to determine tax savings and application of any accounting or auditing updates. Analysis of current operations and procedures to improve financial reporting and efficiency of operations.
Services
Located in High Point NC, the team at JBM - Tax & Accounting has decades of combined experience in accounting services.
Founded in 1994, JBM is a woman-owned firm, with an all female staff of hard working, knowledgeable, career professionals.
JBM offers turn-key accounting, payroll, financial, and tax services to small and medium-sized businesses, and individuals.
Our approach is full-service, with solutions for every accounting need.
We do more than just keep your books - we are a partner in your business, providing sound advice, and expert planning.
Founded in 1994, JBM is a woman-owned firm, with an all female staff of hard working, knowledgeable, career professionals.
JBM offers turn-key accounting, payroll, financial, and tax services to small and medium-sized businesses, and individuals.
Our approach is full-service, with solutions for every accounting need.
We do more than just keep your books - we are a partner in your business, providing sound advice, and expert planning.
You could receive a credit of up to $1000 for contributing to an IRA or retirement plan at the office.
That's a credit in addition to the normal tax benefit for IRA/401(k)contributions.
Your adjusted gross income must be under $50,000 to qualify if you file a joint return.
For those who file individually, the limit is $25,000 for singles and $37,500 for heads of household.
Depending on income, the credit is between 10% and 50% of your contribution, and only the first $2,000 contributed qualifies for the credit.
That's a credit in addition to the normal tax benefit for IRA/401(k)contributions.
Your adjusted gross income must be under $50,000 to qualify if you file a joint return.
For those who file individually, the limit is $25,000 for singles and $37,500 for heads of household.
Depending on income, the credit is between 10% and 50% of your contribution, and only the first $2,000 contributed qualifies for the credit.
What does the term 'double-entry' mean?
Each transaction in double-entry accounting systems has two parts: where the money came from and where the money goes.
For example, when your business collects a payment, the money comes from your client and goes to your bank account.
In double-entry systems you record two entries; one credits your client's account and the other debits your bank account.
This dual entry of each transaction is what the term 'double-entry' refers to.
What do the terms 'debit' and 'credit' mean?
Each transaction in double-entry accounting systems has two parts: where the money came from and where the money goes.
For example, when your business collects a payment, the money comes from your client and goes to your bank account.
In double-entry systems you record two entries; one credits your client's account and the other debits your bank account.
This dual entry of each transaction is what the term 'double-entry' refers to.
What do the terms 'debit' and 'credit' mean?
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