RCG’s T.E.A.M. (The External Accounting Manager) Solution is our holistic accounting management solution offering our small business and area non-profit clients an opportunity to utilize the professional staff of our firm as your trusted advisors and virtual accounting department. This is an all-inclusive package of services provided using current technology to structure a collaborative, real-time online solution. We maintain your general ledger and accounting records, reconcile your accounts, pay your vendor bills, manage your payroll and payroll tax payments and prepare the financial and tax reporting required to meet your management needs and maintain compliance with the various federal, state and local tax agencies.
We will meet with you to define your needs and assist in the selection and set-up of the various technology tools to accomplish your goals. We have designed our website’s Client Center to allow convenient access to your records and software platforms from one location, ensuring you have 24/7 access to your information. After we work together to design the system for you, we will structure the financial arrangements as a flat-rate monthly fee that is predicable for cash-flow and budgeting purposes, avoiding fluctuation or surprises throughout the year.
|T.E.A.M. Basic||T.E.A.M. Standard||T.E.A.M. Complete|
|Reconcile bank accounts||✓||✓||✓|
|Reconcile electronic transactions into QuickBooks||✓||✓||✓|
|Reconcile credit card accounts||✓||✓||✓|
|Process bills and vendor payments||—||✓||✓|
|Track credit card expenses and receipts||—||✓||✓|
|Process employee expense reports||—||✓||✓|
|Prepare 1099s for contractors||—||✓||✓|
|Provide digital access to paid bills||—||✓||✓|
|Submit payroll taxes to agencies||—||—||✓|
|Prepare payroll tax returns||—||—||✓|
|Provide employee access to electronic paystubs||—||—||✓|
|Provide employer access to electronic pay records||—||—||✓|
|Coaching and Fractional CFO Services|
|Prepare monthly financial statements||✓||✓||✓|
|Prepare monthly budget reports||✓||✓||✓|
|Review pension compliance||✓||✓||✓|
|Review other employee deductions for compliance||✓||✓||✓|
|General business consulting||✓||✓||✓|
|Quarterly video conference to review key performance measures||✓||✓||✓|
New Overtime Regulations Announced
Under the Federal wage and hour law, the Fair Labor Standards Act (FLSA), non-exempt workers are required to be paid overtime pay – 1.5 times their regular rate – for all hours worked in excess of forty (40) in a week There are exemptions to this requirement. The most...
Considerations for for-profits and not-for-profits alike...
According to one online dictionary citing Webster’s, embezzlement is defined as “The act of fraudulently appropriating to one’s own use, the money or goods entrusted to one’s care and management.” Embezzlement differs from certain other types of theft in that the person committing...
The IRS published the following Press Release today on www.irs.gov -
WASHINGTON —The Internal Revenue Service today made it easier for small business owners to comply with the final tangible property regulations.
Requested by many small businesses and tax professionals, the simplified procedure is...