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Small Business Bookkeeping and Administrative Services

Bookkeeping
Island Business Services offers flexible options for bookkeeping services. We can provide full-service bookkeeping but we also offer the option to select only the services your business requires.

Full-service bookkeeping generally includes:

  • Accounts payable
  • Accounts receivable
  • Account reconciliation
  • Payroll, payroll taxes and liabilities
  • Revenue and sales taxes reporting
  • Tax data preparation for tax accountant
  • Financial reporting
    • Profit and loss statement
    • Balance sheet
    • Sales comparisons
  • Basic Banking
  • Daily business mail pickup
Payroll
Island Business Services provides the following payroll services:
  • Process employee payroll
  • Process state and federal tax forms
  • Process garnishments
  • Track employee loans and advances, sick and vacation hours
  • Satisfy government reporting requirements
  • Year-end employment forms

Homeowner's Associations
Island Business Services offers bookkeeping customized to homeowner's associations, property owner's associations, and water system management boards. In addition to having several associations on our current client list, we also have experience being board members ourselves. Options for associations include:
  • Invoice and record dues payments
  • Financial record keeping and reporting for board and membership meetings
  • Manage reporting of property sales and association contact with new owners
  • Track special-project funding
  • Tax data preparation for tax accountant
  • Create and distribute mailings to members
  • Pickup and distribute mail
Personal Bookkeeping Services
Personal bookkeeping and money management services range from basic bill paying and account maintenance to debt reduction and financial goal achievement. We can help:
  • Create a personalized program for paying bills and debt management
  • Pay bills on time and eliminate late fees and finance charges
  • Plan for short or long term goals
Part-time residents and vacation homeowners
Island Business Services can manage local finances for part-time residents and vacation homeowners, such as:
  • Process rent payments
  • Process invoices from caretakers and housekeepers
  • Pay utilities, telephone, and other bills
  • Prepare tax data for tax accountant
Internal Revenue Service
Cathy Vierthaler holds a Centralized Authorization File (CAF) number with the IRS. With your signed approval, this number enables her to speak with the IRS on your behalf. Island Business Services can help clarify tax issues, develop and implement payment schedules, or restructure your accounts with the IRS.

Administration and Correspondence
Island Business Services can draft general business correspondence, announcements or notifications, bids and proposals, credit and loan applications and other administrative documents.

Business Plans
Island Business Services can assist in writing a clear and directed business plan to attract investors and retain qualified employees. We can provide research and development for a new business or help define next steps for an established business.