Need a virtual bookkeeper, or a team to replace your internal finance team? No matter how big or small your operation is, you can count on Wise RR Solutions to get the job done right. Financial compliance and accuracy are fundamentals to running any profit or nonprofit organization new or old, large or small. As a business owner, you have more important things to do than maintaining your books, let Wise RR Solutions build the foundation to your present & future.
Bookkeepers are individuals who manage all financial data for companies. Proper bookkeeping gives companies a reliable measure of their performance. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions. Allow us to take care of the laborious finances, so you can have more time for your business.
• Paperless Bookkeeping compatible with QuickBooks
• Tax Consulting and Tax Season ready Financials.
• Monthly and Quarterly Financial Statement Preparation
- Balance Sheet- Profit and Loss Statement
– Month- Profit and Loss Statement
– YTD- Cash Flow Statement
- Accounts Receivable Aging
- Accounts Payable Aging
- Open Sales Order by Customer
- General Ledger
• Accounts payable (bills and payments)
• Accounts receivables (invoices and collection)
• Daily General ledger maintenance
• Time tracking & job cost reporting
• Payroll processing
• Expense classification
• Sales commissions
• Bank account reconciliation
• Credit card reconciliation
• PayPal reconciliation
• Balance sheet generation and review
• 1099 forms & W2 Forms
• Tax & Audit support
• Tax Preparation Services
Wise RR Solutions makes it easy for you to form your Florida S or C Corporation, Limited Liability Company, Nonprofit Corporation, Professional Corporation or your DBA.
Entrepreneurs who wish to make incorporation in the USA as easy and painless as possible can rely on us to complete the necessary steps for them. We ensure that forms are properly filled out and that fees are submitted to the appropriate governmental entity.
• Incorporate your business in the USA
• Prepare and File your corporation
• Name Availability Search
• Registered Agent Service
• Annual Report Service
• Operating Agreement Template
• Employer ID Number
An LLC is a US business structure that offers the personal liability protection of a corporation with the pass-through taxation of a sole proprietorship or partnership. Although they are not internationally recognized, they do avoid corporate taxes and provide more ownership and distribution options.
Separates Business from Personal:
LLCs keep your income and losses and your business’s income and losses separate.
Establishes an Official Business:
Your company becomes a state-recognized entity. Not only is that distinction important on an official government level, but you’ll likely find clients and others more willing to take you seriously when you have that “LLC” behind your company’s name.
Offers Flexible Management Structure:
LLCs aren’t required to have the same formal structure as corporations. Corporations must meet annually to elect a board of directors to oversee the company policies and officers to run the business.
An S corporation is simply a Florida corporation that has elected a special tax status. Most Florida businesses elect S corporation status when filing. S corporation status permits the income of the corporation to be passed through to the shareholders. This results in the shareholders reporting the income or loss from the corporation in their tax returns.To qualify for S corporation status the corporation must be domestic, have only one class of stock and not have more than 100 stockholders.
State agencies require LLCs and Corporations to appoint and maintain a Registered Agent when they form their business. The registered agent address acts as the main point of contact between your company and the Secretary of State or other official government offices. It will receive service of process, correspondence, and other important legal notices.A registered agent, by statute, must have a physical location in the same state where the business was formed. This allows the registered agent to properly receive and process legal documents (service of process) on behalf of the company. The registered agent must be available at the registered office during all normal business hours. They must also file documents and pay filing fees to update the agent’s name and address with the state every time it changes.
A DBA (Doing Business As) is filed if you intend on doing business as another name other than that of your corporation, LLC, partnership or personal name.
Forming your business is just the first of many reporting requirements by the state. Most states will require businesses to file annual reports and/or pay taxes in order to remain compliant and in good standing.If these compliance events are missed, the state will often impose fees or penalties and may even revoke the company’s right to conduct business within the state.
An operating agreement is a document that protects the owner’s personal assets from the actions of the LLC, clearly outlines which actions are acceptable for the business, and creates a succession plan should the owner exit the business.
An Employer Identification Number (EIN), also called a Tax ID Number, is a 9-digit code assigned by the IRS to identify your business. You can think of it as the social security number for your company. An EIN is required for a partnership, corporation or LLC to open a business bank account, gain financing, hire employees, and more.Without an EIN, you are forced to combine your business and personal funds which opens you up to increased liability and puts your personal assets at a much higher risk. It is highly encouraged that you obtain a federal EIN number and open a separate business bank account so you can keep your business and personal transactions separate.
Telecommunications companies are required to make universal service contributions under the Telecommunications Act of 1996. USAC administers the collection and disbursement of these contributions. All telecommunications providers must file with the USAC quarterly and annually in order to determine if they must contribute to the Universal Service Fund (USF) and how much this contribution will be. We assist aggregators and wholesale VOIP providers to stay compliant
• FRN (FCC Registration Number)
• 499 Filer ID
• DC Agent
• FCC Filing (Quarterly and Annually with the USAC)
• Robocall Mitigation Database
The Universal Service Fund (USF) exists to make sure certain essential telecommunications services are provided to all, especially rural communities, schools, libraries, health care providers and other public necessities. The USF is funded by required contributions from telecommunication service providers. It is one of several funds derived from these contributions, including telecommunications relay services (TRS), the North American Numbering Plan (NANPA) and local number portability administration (LNPA).The FCC determines how much a company should be required to contribute from mandatory revenue disclosures made annually. A company makes those disclosures on a Form 499-A. Failure to submit this form, or mistakes in the form, can result in significant forfeitures and penalties.
If your company provides a telecommunications service, it is very likely that you are required to file a Form 499-A. The requirements cover all providers, including those that provide only in one state, those that provide interstate service and those that provide international service.This includes private carriers, wireless telephony, wide area telecommunication services, subscriber toll-free and 900 services, satellite services, resellers and most VoIP providers.
We will meet you and learn how your business works. We will go over our process and configure everything.
We'll take care of everything from classifying transactions to preparing your financial statements.
Run your business with confidence, know you'll have accurate, tax-ready financial data every month.
