Upon subscribing to the paid plans in 1-800Accountant, your business is assigned a certified financial expert. This expert can be a tax specialist, a certified accountant, a bookkeeping consultant, a tax advisor, or a payroll specialist. They provide expert advice and support for your business operations, sparing you to pay a local expert.
The fascinating thing about this feature is that your dedicated expert is paid from your annual subscription fee, not hourly, as obtainable in most online CPA platforms. You can easily reach these experts via the message center on your portal or their personal contact, which will be provided as soon as they are matched to your business.
Business incorporation is not a feature you will find in a regular accounting and bookkeeping program. But 1-800 Accountant helps you establish your business by providing entity formation services that would otherwise take you a long time to complete on your own.
Ultimately, this platform provides registered agent services for startups, performs name search availability, and completes your EIN and articles of organization acquisition. With a processing time frame of 24 hours, your dedicated expert will help you run a CPA-assisted launch. You’ll be able to access your formation documents from your online portal after the launch.
Like every other accounting software, 1-800 Accountant allows you to conveniently run your business’s bookkeeping operations. For example, you can modify, send, or save invoices in pdf format and categorize them as overdue, paid, or unpaid invoices. You can also upload and send your receipts via email.
However, the bookkeeping feature of this software may not work like your average invoicing platform since it does not incorporate inventory. It also does not process recurring invoices and bills, given that it was designed for small businesses.
Tax Preparations and Advisory
This feature happens to be the most advanced tool in this software. 1-800 Accountant does not only complete simple tax deductions and payments for businesses. It also handles complex tax forms and preparations for personal and business taxes. From the 1040s to 1099s and 1120s, this system keeps your business compliant without overworking your in-house expertise. It also features a Tax Projection page to give you insight into your tax figures and possible returns.
This software also matches your business with tax specialists who provide strategic tax advice to ensure that you save the most from your tax returns. You can easily access this advice from the Tax Suggestion section on the software.
With 1-800 Accountants, you have accounting experts manage your business’s payroll operations and compute your payroll taxes. From your online portal, you can track your employees’ work time and mileage to ensure that they’re adequately remunerated. This software also handles employee benefits and health insurance programs.