Virtual Finance Officer (VFO) is an all-inclusive solution that offers small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2s, prepare tax returns, and supply valuable financial and tax advice throughout the year. All activity is completed online via our technologically advanced platform—so communication and document exchange is in real-time.
Setup and training for VFO couldn’t be simpler. You define your immediate needs and we assess how VFO can be integrated. We train your company’s designated point of contact on the process of providing our staff with the daily information required by the VFO solution and teach them how to access the system from our website.
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| General Ledger | |||
| Provide 24/7 online access to Business's Books | ✓ | ✓ | ✓ |
| Reconcile Bank Accounts | ✓ | ✓ | ✓ |
| Reconcile electronic transactions into QuickBooks | ✓ | ✓ | ✓ |
| Reconcile credit card accounts | ✓ | ✓ | ✓ |
| Sales Tax Filings | — | ✓ | ✓ |
| Maintain Fixed Asset Schedule | ✓ | ✓ | ✓ |
| Manage Payroll | |||
| Prepare payroll | — | ✓ | ✓ |
| Submit payroll taxes to agencies | — | ✓ | ✓ |
| Prepare payroll tax returns | — | ✓ | ✓ |
| Prepare W-2s | — | ✓ | ✓ |
| Retirement Plan/Garnishment Remittance | — | ✓ | ✓ |
| Manage Accounts Payable | |||
| Process bills and vendor payments | — | — | ✓ |
| Track credit card expenses and receipts | — | — | ✓ |
| Process employee expense reports | — | — | ✓ |
| Prepare 1099s for service providers | — | — | ✓ |
| Provide digital access to paid bills | — | — | ✓ |
| Tax Return Preparation | |||
| Corporate or Partnership tax preparation | ✓ | ✓ | ✓ |
| Property Tax Return | ✓ | ✓ | ✓ |
| Business Consulting | |||
| Prepare monthly financial statements | ✓ | ✓ | ✓ |
| Prepare monthly budget reports | — | ✓ | ✓ |
| Tax planning | ✓ | ✓ | ✓ |
| General business consulting | ✓ | ✓ | ✓ |
| Quarterly video conference | ✓ | ✓ | ✓ |
Put your focus back on your business by handing your accounting work over to our firm. When you outsource your accounting function to us, you get a team of professionals working for you. We handle your complex tax and accounting work while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
December 31, 2019
January 15, 2020
January 31, 2020
The IRS has announced that agents will begin conducting face-to-face meetings with individuals and businesses with ongoing tax issues. These meetings will take place in areas with a limited number of available revenue officers due to declining IRS resources. According to the agency, the primary purpose of the meetings is to make contact with taxpayers with a previously known tax issue that...
In August, we let you know about the new Oregon Corporate Activity Tax (CAT). We have a few more details to share, and several items that are still “in process” per the Oregon Department of Revenue (ODOR).
As a reminder, the Oregon legislature passed a bill levying a new tax on businesses with gross receipts over $1 million. In general, the tax is calculated by...
Client Communication Liscio 
Document ExchangeNetClient
QuickBooks Online 
Accounts PayableBill.com
Video ConferencingZoom
