Manage Payroll Services | Payroll Services

Manage Payroll Services

Managed Payroll Services can be Stress Free.  Payroll is within reach with El Cid. We understand the burden and stress of paying your people accurately and on-time. Late payroll and payroll taxes are among the leading causes that can aggravate the IRS to an investigation into your business. Call today, 818-841-0255, so we can help you.

Online Small Business Payroll

Online Small Business Payroll at El Cid Bookkeeping, Inc. has decades of experience taking control of payroll services for our busy business clients. We can handle any team size, whether you have a tiny operation or close to 100 employees. We commit the patience and time needed to ensure your employees are paid correctly and on time.

Contact El Cid

A Stress-Free Process for any Industry

We work with you and all your payroll service needs. If you prefer physical paychecks, direct deposit, or other types of payment, we have you covered.  We can handle anything from prevailing wage payroll, certified payroll, and more. Our team of experts understands the crucial role payroll plays in the operating of your business.

Just think of the time you will save after you let your dedicated bookkeeper take the reins. We will be available to you for any questions or concerns you may have.

Our team of bookkeepers prides itself on considering every aspect of your business – size, industry type, payroll frequency – to address your specific needs as a business owner. We will lay the foundation to ensure you have an efficient system to pay your hard-working team. By getting it right the first time, our team of experts will save you time and money on payroll costs.

What are payroll taxes?

Paying your employees is an essential part of doing business.  Do it wrong — or late — and you can run into plenty of legal issues and unhappy employees.

With that said, many businesses struggle with payroll. It takes a substantial amount of time and navigating the nuances of payroll and tax compliance isn’t easy. Yet, these activities don’t directly generate revenue for your business. Because of this, many business owners invest in payroll services.

We are the right payroll company that can free up a lot of time for business owners to focus on business growth — without sacrificing compliance and payroll accuracy.  Small business payroll can certainly assist business owners with more productivity and efficiency.

Free Book an Appointment

 

Free Income Tax Organizer

 

Pricing for 1040 Income Taxes

 

Pricing for Bookkeeping Services

 

Pricing for Business Income Taxes

 

Penalties for Failure to Pay Your Payroll Taxes

If the IRS even senses that you are trying to avoid taxes by failing to pay payroll taxes, not only will the IRS impose expensive penalties and interest fees, but you could also be charged with a federal crime. Unpaid payroll taxes, therefore, could cause a business owner to lose his or her freedom and could completely close down a business.

This means that it should be an employer’s primary responsibility to collect federal taxes and the employee portion of Federal Insurance Contributions Act tax and pass this money on to the IRS. Because it is considered a trust tax, the IRS views non-payment of payroll taxes as theft, and the IRS notice process will be accelerated.

If you have payroll tax problems, there are solutions available to you! I have helped business owners resolve their tax debt problems and protect their businesses. I know how important your business is to your income and your livelihood. Creating a solution for your payroll tax problem shouldn’t just be about helping you avoid the IRS; it should be about saving your company from being seized. Most importantly, it’s about safeguarding your freedom.

If you have payroll tax problems, do not try to take on your matters by yourself. Too much is on the line for you to risk losing your business to the IRS. If you wish to resolve your payroll taxes and avoid penalties imposed by the IRS, contact El Cid, immediately!

Call to schedule your initial free case evaluation. I personally handle every case that comes through my doors. During your consultation, we can begin to discuss the specifics of your situation.  Our office has over 45 years of experience in federal and state taxation and knows that your business is a testament to a lifetime of achievement and investment. 

My insider’s advantage can be used to your benefit and could help you achieve your tax return filing compliance quickly and effectively. With my help, you can avoid IRS penalties and pay the least amount of taxes possible.

Manage Payroll Service for Burbank and the surrounding areas

Los Angeles, Inland Empire, Orange, Ventura, Pasadena, Huntington Beach, Irvine, Long Beach, Ontario, Santa Ana, Santa Clarita, Santa Monica

IRS 1040 Income Tax Organizer

IRS 1040 Return Income Tax Organizer

Tax Organizer – Download Now!

Go ahead and download our Free Income Tax Organizer.  Please fill it out on your computer, save to your desktop and upload it back to us. (upload is at the bottom of page). El Cid will take care of the rest.


If you need help, please make a FREE Appointment

Free Book an Appointment

Free Income Tax Organizer

Pricing for 1040 Income Taxes

Pricing for Bookkeeping Services

Pricing for Business Income Taxes


IRS 1040 Tax Return

  • Form IRS 1040
  • Schedules A, B, C, CEZ, D, E, F, H, J, R,  SE
  • Form 8812 Child Tax Credit

We will prepare your IRS 1040 tax return for both State and Federal and e-file for you. Your return shall be prepared with the highest standards as for all of our clients.

 

BUSINESS TAXES    

  • 1120 –   S or C Corporations
  • 1065 –  Partnerships and LLC
  • 1041 –   Fiduciary Tax
  • 1041 –   Estate Tax
  • 990 –    Exempt Org (Non-Profit)
  • 709 –    Gift Tax

We will prepare your IRS tax return for both State and Federal and e-file for you. Your return shall be prepared with the highest standards as for all of our clients.

Contact El Cid



Bookkeeping Services

The cost of hiring a bookkeeper can vary depending on the size of the business and the Bookkeeper’s experience. However, on average, a bookkeeper will charge anywhere between $40 – $85 per hour, depending on the size of the business.

Bookkeeping involves the recording, regularly, of a company’s financial transactions. With proper bookkeeping, companies can track all their books to make critical operating, investing, and financing decisions.

Our bookkeepers manage all financial data for all companies.

Bookkeeping is the recording of financial transactions and is part of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other business events.

Transactions include purchases, sales, receipts, and payments by a person or an organization/corporation. There are several standard bookkeeping methods, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process.

The person in an organization employed to perform bookkeeping functions is usually called the bookkeeper (or book keeper).

Above all, efficient accounting and operating procedures ensure that the business runs smoothly. Clearly, future growth is possible, only if the books are in good and accurate order.

Moreover, El Cid Bookkeeping, Inc. has been providing accounting services to small, medium, and large size businesses. Apart from this, El Cid can perform functions as general ledger accounting, payroll, financial analysis, bank reconciliations, and financial statement reports.

Great Virtual Bookkeeping Services for any business size!

Virtual Bookkeeping Services

Why Not Choose Us?

Again, we are the BEST Bookkeeping and Income Tax Service Firm around!!!  Clearly, our business accountants, bookkeepers are trained, highly qualified, and specialized in working on the most up-to-date bookkeeping/accounting software programs available to you.  We make sure that you can access your data without any hassles to keep you on top of your finances.

Bookkeeping Services

Free Book an Appointment

 

Free Income Tax Organizer

 

Pricing for 1040 Income Taxes

 

Pricing for Bookkeeping Services

 

Pricing for Business Income Taxes

 

Virtual Bookkeeping

We will analyze your business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses.

We will establish tables of accounts and assign entries to proper accounts.

We will develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.

We will survey operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial problems.

We will advise you about issues such as tax strategies, and the assumptions underlying budget forecasts.

We will provide internal and external auditing services for your businesses or any individuals.

We will advise you in areas such as compensation, the design of accounting and data processing systems, and long-range tax and estate plans.

We can investigate bankruptcies and other complex financial transactions and prepare reports summarizing the findings.

  • Provide reliable, efficient, and experienced bookkeeping/accounting support to your business.
  • Ensure sound financial advice based on regular maintenance of your financial data.
  • Contribute to long term and sustainable success of your business by keeping an eye on the projections and performance with regular financial reports.

The cornerstone of our business philosophy is extensive and continued communication with you as a client. We keep our clients in the loop at all stages of their accounting procedures with regular reports for the client’s review. In addition, we also act as outside controllers maintaining and analyzing your accounting data. This extra set of eyes allows you to focus on your business needs and permits you to grow your business without the distractions of needing to constantly look over your bookkeeping/accounting needs.

  • We are well versed with various cloud and desktop accounting software packages. We are also comfortable working with excel spreadsheets or custom/industry-specific software.

Our Bookkeeping Services

El Cid Bookkeeping, Inc. Accountancy and Taxation will commence work on your file once the engagement letter is executed by both parties.  Upon commencement El Cid Bookkeeping, Inc. Accountancy and Taxation will require documentation from your company to proceed. We require us to have restricted access (review only) to your bank accounts and credit accounts and the following items;

  1. Copies of every day issued checks from all checking account
  2. Copies of receipts both checks and credit card transactions
  3. Identification of all cash receipts as to source (i.e., loans, sales, etc.), and information concerning all transactions that are consummated with cash.
  4. Copies of Bank Statements
  5. Copies of last Bank Reconciliations
  6. Copies of Credit Card Statements
  7. Copies of last Credit Card Reconciliations
  8. Copy of last Financial Statements – Balance Sheet and Profit and Loss Statement
  9. Copy of last filed return
  10. Annual Statement of Information (SOI -California)
  11. Annual City of Los Angeles (City Tax)
  12. Payroll Services for W-2(s) and Year-End 1099

The cost of hiring a bookkeeper can vary depending on the size of the business and the Bookkeeper’s experience. However, on average, a bookkeeper will charge anywhere between $40 – $85 per hour, depending on the size of the business.

Bookkeeping involves the recording, regularly, of a company’s financial transactions. With proper bookkeeping, companies can track all their books to make critical operating, investing, and financing decisions.

Our bookkeepers manage all financial data for companies in or around North Hollywood CA and Hollywood, CA.

Bookkeeping is the recording of financial transactions and is part of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other business events.

Transactions include purchases, sales, receipts, and payments by a person or an organization/corporation. There are several standard bookkeeping methods, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process.

The person in an organization employed to perform bookkeeping functions is usually called the bookkeeper (or book keeper).

Above all, efficient accounting and operating procedures ensure that the business runs smoothly. Clearly, future growth is possible, only if the books are in good and accurate order.

Moreover, El Cid Bookkeeping, Inc. has been providing accounting services to small, medium, and large size businesses. Apart from this, El Cid can perform functions as general ledger accounting, payroll, financial analysis, bank reconciliations, and financial statement reports.

Methods of Bookkeeping Services

Before you begin bookkeeping, your business must decide what method you will follow. When choosing, consider the volume of daily transactions your business has and the amount of revenue you earn. A complex bookkeeping method designed for enterprises may cause unnecessary complications if you are a small business. Conversely, less robust methods of bookkeeping will not suffice for large corporations.

Importance of Bookkeeping Services

Proper accounting services and bookkeeping and payroll services give companies a reliable performance measure.

It also provides general strategic decisions and a benchmark for its revenue and income goals. In short, once a business is up and running, spending extra time and money on maintaining proper records is critical.

El Cid can give you consulting services on your bookkeeping. We work with many small businesses. We can provide you with monthly financial statements and your income tax return for IRS and State.

Many small companies don’t hire full-time accountants to work for them because of the cost. Instead, small companies generally employ a bookkeeper or outsource the job to a professional firm.

Bank Account Balancing

Bank account balancing is the process of finding identical transactions in your bank account and your bookkeeping records.

Balancing your bank accounts is a crucial step in bookkeeping.

Because, after everything else is logged, it is the last step to finding discrepancies in your books. Bank account balancing helps you ensure nothing amiss with your money.

Why is it Mandatory?

Bank balancing is a must because it:

  • Provides the exact financial situation of your company
  • Tracks cash flow accurately
  • It helps detect fraud or bank errors

Contact El Cid

Contact Us

For the fastest response times, call us directly!



Contact El Cid

Free Book an Appointment

Free Income Tax Organizer

Pricing for 1040 Income Taxes

Pricing for Bookkeeping Services

Pricing for Business Income Taxes

Identity Theft for Taxpayers

Identity Theft for Taxpayers

Share this page

Learn what tax identity theft is, what you can do to guard against it, and what to do if it happens to you.

Protect documents that have personal information

Keep your tax records and Social Security card in a safe place. When you decide to get rid of your tax records, shred them. If you don’t have a shredder, look for a local shred day.

Protect your information from scammers online and on your phone

Multi-factor authentication offers extra security by requiring two or more credentials to log in to your account. The additional credentials you need to log in to your account fall into two categories: something you have — like a passcode you get via text message or an authentication app, or something you are — like a scan of your fingerprint, your retina, or your face. Multi-factor authentication makes it harder for scammers to log in to your accounts if they do get your username and password.

Don’t give your personal information to someone who calls, emails, or texts and says they’re with the IRS. It could be a scammer impersonating the IRS to steal your information or money. If you need to contact the IRS, call them at 1-800-829-1040.

What To Do If Someone Steals Your Tax Refund

If someone uses your Social Security number to file for a tax refund before you do, you’ll usually find out when you file your return with the IRS.

If you file by mail, the IRS will mail you a letter explaining that they received more than one return in your name. Follow the instructions in the letter.

If you try to submit your tax return online or through a tax preparer, the IRS will reject your tax return as a duplicate filing. If this happens, go to IdentityTheft.gov and report it. IdentityTheft.gov will create your

  • FTC Identity Theft Report
  • IRS Identity Theft Affidavit
  • Personal recovery plan

If you choose, IdentityTheft.gov will submit the IRS Identity Theft Affidavit to the IRS online so that the IRS can begin investigating your case. You can also get the Identity Theft Affidavit (IRS Form 14039) from irs.gov and submit it by mail.

What To Do If Someone Uses Your Social Security Number for Work

If someone uses your Social Security number for work, the employer may report that person’s income to the IRS using your Social Security number. When you file your tax return, you wouldn’t have included those earnings because they weren’t yours. But the IRS doesn’t know that. Their records will show you failed to report all your income.

The IRS will mail you a letter explaining you had earnings that you didn’t report. If you get a letter like this from the IRS, follow the instructions in the letter.

If you haven’t gotten a letter from the IRS but you think someone is using your Social Security number for work, review your Social Security work history. Create an account at socialsecurity.gov/myaccount. If you find errors, contact your local Social Security Administration office.

Other Steps to Take

Whether someone used your Social Security number to steal your tax refund or for work, go to IdentityTheft.gov/Steps to learn what other steps to take to limit the damage that identity theft can cause.

Identity Theft for Taxpayers

If you did not receive an IRS notice but believe you’ve been the victim of identity theft, contact the IRS Identity Protection Specialized Unit at 800-908-4490 right away so we can take steps to secure your tax account and match your SSN or ITIN. Also, fill out the IRS Identity Theft Affidavit, Form 14039.

Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. This year, the IRS continues to take new steps and strong actions to protect taxpayers and help victims of identity theft and refund fraud.

Stopping refund fraud related to identity theft is a top priority for the tax agency. The IRS is focused on preventing, detecting and resolving identity theft cases as soon as possible. The IRS has more than 3,000 employees working on identity theft cases. We have trained more than 35,000 employees who work with taxpayers to recognize and provide assistance when identity theft occurs.

Taxpayers can encounter identity theft involving their tax returns in several ways. One instance is where identity thieves try filing fraudulent refund claims using another person’s identifying information, which has been stolen. Innocent taxpayers are victimized because their refunds are delayed.

Here are some tips to protect you from becoming a victim, and steps to take if you think someone may have filed a tax return using your name:

Tips to protect you from becoming a victim of identity theft

  • Don’t carry your Social Security card or any documents that include your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN).
  • Don’t give a business your SSN or ITIN just because they ask. Give it only when required.
  • Protect your financial information.
  • Check your credit report every 12 months.
  • Secure personal information in your home.
  • Protect your personal computers by using firewalls and anti-spam/virus software, updating security patches and changing passwords for Internet accounts.
  • Don’t give personal information over the phone, through the mail or on the Internet unless you have initiated the contact, or you are sure you know who you are dealing with.

If your tax records are not currently affected by identity theft, but you believe you may be at risk due to a lost or stolen purse or wallet, questionable credit card activity or credit report, contact the IRS Identity Protection Specialized Unit at 800-908-4490 (Monday – Friday, 7 a.m. – 7 p.m. local time; Alaska and Hawaii follow Pacific time).

Be alert to possible identity theft if you receive a notice from the IRS or learn from your tax professional that:

  • More than one tax return for you was filed
  • You have a balance due; refund offset or have had collection actions taken against you for a year you did not file a tax return
  • IRS records indicate you received more wages than you actually earned
  • Your state or federal benefits were reduced or cancelled because the agency received information reporting an income change.

If you receive a notice from the IRS and you suspect your identity has been used fraudulently, respond immediately by calling the number on the notice.

If you did not receive an IRS notice but believe you’ve been the victim of identity theft, contact the IRS Identity Protection Specialized Unit at 800-908-4490 right away so we can take steps to secure your tax account and match your SSN or ITIN.

Also, fill out the IRS Identity Theft Affidavit, Form 14039. Please write legibly and follow the directions on the back of the form that relate to your specific circumstances.

In addition, we recommend you take additional steps with agencies outside the IRS:

The IRS is working to speed up and further streamline identity theft case resolution to help innocent taxpayers.

These are extremely complex cases to resolve, frequently touching on multiple issues and multiple tax years. Cases of resolving identity can be complicated by the thieves themselves contacting the IRS. Due to the complexity of the situation, this is a time-consuming process. Taxpayers are likely to see their refunds delayed for an extended period of time while we take the necessary actions to resolve the matter. A typical case can take about 180 days to resolve, and the IRS is working to reduce that time period.

If you have an open identity theft case that is being worked by the IRS, you need to continue to file your tax returns during this period.

Checkout