Compliance made simple, so you can focus on growth.
Small business owners often see rules and regulations as roadblocks—an overwhelming stack of tasks, deadlines, and forms that pull attention away from growth. But staying compliant isn't just about following the rules—it's about protecting your business, maintaining momentum, and avoiding costly setbacks. Our team handles the details so you can stay focused on building the business of your dreams.
Don't Let Compliance Confusion Hold You Back.
Trying to manage compliance on your own can feel like navigating a maze without a map—one wrong turn can lead to missed deadlines, costly penalties, and in some cases legal disputes. Without expert guidance, small business owners often waste time second-guessing forms and filings instead of focusing on growth.
Knowing What to File
State and federal compliance requirements aren't always clear, and sometimes they change. We help you understand what applies to your business and handle the filings for you.
Avoid Sales Tax Snafus
Navigating sales tax laws across state lines or for specific industries is a complex endeavor. By researching the laws, configuring software, and tracking sales, we make sure you're charging, collecting, and remitting correctly.
Haunted by Past Reports
Falling behind on compliance requirements can create nagging stress, but there's no need to panic. We'll help you catch up, clean up your records, and move forward with confidence.
No More Missed Deadlines
As a business owner, it often feels likes there is always a deadline just around the corner. Whether it's sale tax report, payroll report, or income tax report, they keep coming. Our team stays in the know to keep you on schedule.
Employee vs Contractor
Incorrect worker classifications can trigger serious consequences for employers. We help you understand the difference between employees and contractors, ensuring each worker is setup to comply with federal and state laws.
Inundated with Notices
Notices from the IRS or state agencies can be scary—especially when you're not sure what they mean. We translate the legal jargon for you, explain what it means, and resolve the issue on your behalf.
Get It Right. Get It Done.
Submitting reports with errors or inaccurate details can lead to penalties, audits, account holds, and a perpetual runaround with government agencies. We review reports for accuracy before they go out the door.
Find Your Starting Point
Whether you're starting a new business or restructuring for growth, we assist you in identifying the rules and requirements associated with an S-Corp structure, then support you in staying compliant.
A Good Standing Strategy
Compliance isn't just about checking boxes or responding when necessary. Remaining in good standing with governing agencies is part of a long-term growth strategy.
Building Your Business with Basswood
Small business owners often find themselves operating in multiple roles, juggling a variety of responsibilities, and unable to focus on what's most important. At Basswood, we strive to empower small business owners to do what they do best—build their business. By outsourcing your business's financial organization and compliance management, you gain financial insights that lead to informed decisions, more time to focus on the future of your business, and peace of mind knowing you have a financial partner you can trust.
Financial insights that lead to informed decisions
More time to focus on the future of your business
Peace of mind knowing you have a financial partner
A Dedicated Account Manager Committed to Your Success.
As your financial partner, we are committed to supporting the growth of your business. Your dedicated Account Manager develops a deep understanding of your business to ensure consistent organization of your financial data, timely pay for your employees and contractors, and sustained compliance with governing agencies. They serve as your primary point of contact, equipped to provide you with QuickBooks Online support and answer questions as they arise.
What to Expect From Your Account Manager
-
Weekly/Bi-weekly Organization of Transactions
-
Monthly Reconciliation of Bank and Credit Card Accounts
-
Management-use Reports and Financial Statements
-
Reporting & Remittance of State Sales Tax
-
Employee Onboarding Assistance
-
Scheduled Pay for Employees & Contractors
-
Calculation & Remittance of Payroll Withholdings
-
Preparation & Filing of Wage Reports
-
End-of-Year Reporting (1099s & W-2s)
-
QuickBooks Online Technical Assistance
-
Compliance Guidance and Best Practices
-
Notice Interpretation and Resolution
