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.
|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||✓||✓||✓|
|Submit payroll taxes to agencies||—||✓||✓|
|Prepare payroll tax returns||—||✓||✓|
|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||✓||✓||✓|
|Prepare monthly financial statements||✓||✓||✓|
|Prepare monthly budget reports||—||✓||✓|
|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.
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...
Last week, SGA received some clarification regarding the Oregon Commercial Activities Tax (CAT), the recently passed gross receipts tax that we told you about earlier this summer.
Oregon Department of Revenue (ODOR) hosted a two-hour webinar to discuss the tax. The following information is what we now have available to pass along to you. In review, the Oregon legislature passed...
Although the original tax filing deadline has come and gone, extension deadlines will be here before you know it. As you know, your returns are currently on extension.
If you have provided us all the information to complete your returns, thank you! We'll be in touch soon with any additional questions we may have prior to finishing your returns.