Virtual Finance Officer (VFO) is an all-inclusive solution that offers small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2s, prepare tax returns, and supply valuable financial and tax advice throughout the year. All activity is completed online via our technologically advanced platform—so communication and document exchange is in real-time.
Setup and training for VFO couldn’t be simpler. You define your immediate needs and we assess how VFO can be integrated. We train your company’s designated point of contact on the process of providing our staff with the daily information required by the VFO solution and teach them how to access the system from our website.
|Provide 24/7 online access to Business's Books||✓||✓||✓|
|Reconcile Bank Accounts||✓||✓||✓|
|Reconcile electronic transactions into QuickBooks||✓||✓||✓|
|Reconcile credit card accounts||✓||✓||✓|
|Sales Tax Filings||—||✓||✓|
|Maintain Fixed Asset Schedule||✓||✓||✓|
|Submit payroll taxes to agencies||—||✓||✓|
|Prepare payroll tax returns||—||✓||✓|
|Retirement Plan/Garnishment Remittance||—||✓||✓|
|Manage Accounts Payable|
|Process bills and vendor payments||—||—||✓|
|Track credit card expenses and receipts||—||—||✓|
|Process employee expense reports||—||—||✓|
|Prepare 1099s for service providers||—||—||✓|
|Provide digital access to paid bills||—||—||✓|
|Tax Return Preparation|
|Corporate or Partnership tax preparation||✓||✓||✓|
|Property Tax Return||✓||✓||✓|
|Prepare monthly financial statements||✓||✓||✓|
|Prepare monthly budget reports||—||✓||✓|
|General business consulting||✓||✓||✓|
|Quarterly video conference||✓||✓||✓|
Put your focus back on your business by handing your accounting work over to our firm. When you outsource your accounting function to us, you get a team of professionals working for you. We handle your complex tax and accounting work while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
We wanted to update you on a recent development in Oregon’s gross receipts tax.
Several weeks ago, we notified you regarding a bill that had passed the Oregon legislature which levies a gross receipts tax on businesses with gross receipts over $1 million. The tax is $250 plus 0.57% of sales over that $1 million mark. A subtraction of 35% of the greater of labor costs...
Attention Payroll Clients!
SGA CPAs will be closed on Thursday, July 4th and Friday, July 5th . The office will be open the following Monday for regular business. We hope this does not cause you any inconvenience as it relates to any unscheduled payroll needs.
Should there be an emergency as it relates to the preparation of your payroll (such as needing a...
On May 16, 2019, Governor Brown signed into effect Oregon House Bill 3427. This bill, called the “Student Success Act,” imposes a gross receipts tax on many businesses in Oregon.
In summary, businesses with gross receipts over $1 million are subject to the tax, which is $250 plus 0.57% of sales over that $1 million mark. A subtraction of 35% of the greater of...