Watson & Co., Inc.

Description

We will work with your business to provide custom solutions for your accounting and bookkeeping needs. Together, we determine what services your company needs on a monthly, quarterly and yearly basis.

Whether you desire a new accountant who can handle these business challenges, or you need one for the first time, you can benefit from Watson & Company's more than 27 years of experience and a well-rounded suite of business services from accounting and tax prep, to payroll services and business consulting.

Use Tax is enforced through audits on your business or potentially an audit on someone you do business with. You need to be aware that you will be required to produce receipts for all supplies and equipment purchases that you have made. It has been our experience when helping clients through the audits, that Use Tax can be the most costly part. One of the biggest pitfalls is the belief that tax has been paid by reviewing receipts and seeing a sales tax line with an amount. The problem that we have seen is that only a State Tax has been collected, which then creates a liability for you, as you are now responsible for the city tax that was not properly collected by the vendor, plus penalties and interest.

We offer simplified monthly reports and statements to provide a quick and accurate picture of your business activity.

Products & services

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