LivFree Bookkeeping

Bookkeeping and Tax Preparation Services

Virtual small business bookkeeping in the
Twin Cities Metropolitan area
Meeting about bookkeeping services in Minnesota

Small Business Bookkeeping Services In Minnesota and Wisconsin

With our monthly bookkeeping services, you can trust that your financial records are accurate and up to date, giving you peace of mind and the freedom to focus on growing your business.

We understand the importance of accurate and timely bookkeeping for the success of your business. That’s why we offer a range of bookkeeping services to help you stay organized and on top of your finances.

Tax Consultation and Preparation Services

As a small business owner, it’s important to stay organized and on top of your financial affairs.

By keeping accurate financial records and assisting with the tax preparation process, LivFree Bookkeeping can help ensure that your business is in compliance with tax laws and regulations, and that you are taking advantage of all available tax credits and deductions.

Income Tax Preparation

When it’s time to file your taxes, we will provide the necessary documentation and information to your tax preparer, which will save you time and effort.

This can include things like income statements, expense reports, and other financial documents. We will also help you identify potential tax deductions and credits that you may be eligible for, which can help reduce your tax liability.

In addition to providing the necessary documentation and information, we will also assist with the actual tax preparation process. This can include reviewing and verifying the accuracy of your tax return, as well as answering any questions or concerns you may have.

Employee of human resources department introducing confidential payroll files in Hudson Wisconsin

Payroll Tax Consultation and Preparation

The LivFree Bookkeeping team is a valuable asset to a small business in the Twin Cities when it comes to payroll tax planning and consultation.

We will calculate the appropriate payroll taxes for each employee and ensure that they are withheld from their paychecks in the correct amounts.

We will also ensure that all payroll taxes are paid on time and in the correct amounts, and provide valuable expertise on a variety of payroll tax-related issues.

Small business owner in Minnesota holding a payroll check

Payroll Services

Hiring a professional bookkeeper to manage payroll for small businesses can be a worthwhile investment in your business. LivFree Bookkeeping will help you manage your payroll more efficiently and accurately, reducing the risk of mistakes and errors that could be costly for your business.

Overall, the peace of mind and expertise that a professional bookkeeper can provide can be well worth the investment for small businesses looking to streamline their payroll processes and minimize risk.

Portrait of a happy business owner bookkeeping at a cafe in Minnesota

Sales and Use Tax Preparation and Planning

A professional bookkeeper can provide valuable insights and expertise on a variety of sales and use tax-related issues, including compliance with tax laws and regulations, and identifying potential tax credits and deductions.

We help ensure that the business is in compliance with all applicable tax laws and regulations and provide valuable expertise on sales and use tax filing and record keeping.

Processing Vendor Bills and Payments

LivFree Bookkeeping has the knowledge and experience to accurately track and manage vendor payments, ensuring that bills are paid on time and helping to avoid late fees and potential damage to the business’s credit score.

We deploy systems that make bill payments simple and secure while making it easy to review and approve upcoming bills.

Our team will provide valuable insights into the business’s financial health, helping the owner make informed decisions about the company’s finances. 

Credit Cards Up Close In Minnesota

Posting Credit Card Transactions

Our team has the expertise and knowledge to properly classify and record transactions, ensuring that the financial statements accurately reflect the financial position of the business.

We can also help identify any discrepancies or potential issues with credit card transactions, which can be crucial in preventing financial mistakes or fraud.

Hiring LivFree Bookkeeping can help your small business save time, ensure accurate financial record-keeping, and mitigate potential financial risks.

Customer Invoice and Deposit Assistance

Our professional bookkeeping team has the expertise and knowledge to ensure that all invoices are accurate and properly formatted, which can help to improve the efficiency and effectiveness of the billing process.

Additionally, we can help to improve cash flow management by promptly posting deposits and tracking payments, which can help to ensure that the business has the resources it needs to operate smoothly.

LivFree Bookkeeping will help small businesses to better manage their financial affairs, which can ultimately lead to improved profitability and success.

Bookkeeper Bank Reconciliation In Wisconsin

Reconciling Bank, Credit Card, and Merchant Accounts

Reconciling accounts can be a time-consuming and tedious process, and outsourcing this task to a professional service allows small business owners to focus on other areas of their business.

We have the skills and expertise to ensure that all accounts are reconciled accurately and efficiently. This is especially important as incorrect reconciliation can lead to financial errors and mismanagement.

We can provide valuable insights and advice on how to better manage the financial aspects of a small business, which can help to improve overall financial performance.