Business Services and Outsourcing
Accounting Services
We understand that the accounting processes of your company can be time consuming and sometimes complicated. By outsourcing your accounting functions, you can save time that can be invested in your business operations. At Driven, we can assist you with basically all accounting services including but not limited to:
- Recording of accounting transactions
- Bank reconciliations
- Monthly and Year-end journal entries
- Fixed assets ledger
- Accounts receivable and accounts payable aging subsidiaries
- Monthly Financial Statements
- Balance Sheet
- Income Statement
- General Ledger
- Other customized reports
Payroll and Payroll Taxes
Our experienced and highly qualified professionals have extensive knowledge of the Puerto Rico laws and regulations, as well as other regulations applicable to payroll and its corresponding taxes. We can provide you with an array of payroll solutions to fulfill your requirements and the ones established by regulators. Among the services we offer are the following:
- Payroll processing (weekly, bi-weekly, semi-monthly, monthly)
- Time clocks (available upon request)
- Direct deposit – ACH payroll payment to the employees
- Remittance of payroll taxes and withholdings (PR Treasury, IRS, Department of Labor, etc.)
- Quarterly and Annual Payroll tax returns
- Preparation and Filing of W2 forms
- Workmen’s Compensation Annual Payroll Declaration (required for PR employers)
Others
- Review of professional services withholdings and payments
- Remittance of tax withheld on payments for services rendered
- Quarterly Return of Payments for Services Rendered
- Annual Informative returns (Forms 480)
Tax Compliance
Tax compliance can be a difficult task and you can find the constant changes to laws and regulations to be overwhelming. You can entrust that aspect of your business to us and we will ensure that your business is in full compliance with these laws and regulations. Some of the services we provide in this area are:
- State Sales and Use Tax return
- Municipal Sales and Use Tax return
- Imports Declaration
- Monthly Imports Declaration Summary
- Individual Income Tax returns
- Small Business Tax returns
- Income tax
- Volume of Business (VOB)
- Personal Property tax (CRIM)
- Annual fee or Corporate annual report
Other Services
In these times of rapid evolution and changing environments, is important to keep up with these evolution and changes. This is why, as part of our comprehensive Business Services and Outsourcing practice, we offer the following services that can provide you with the necessary tools to be one step ahead:
- Outsourcing of internal accounting functions
- Accounting advisory services
- Entity registration in governmental agencies and portals
- Tax representation for clearance of tax debts
- Assistance with billing process
- Vendor payments processing
- Financial statements support
- Accounting procedures manuals
- Customized trainings
- Humans resources general advisory
