Know where you stand financially.
Financial Umbrella provides a back-office solution tailored for online creators and entrepreneurs, encompassing company formation, tax, accounting, and bookkeeping services.
It's all included and more.
Monthly Financial Statements
Financial Data Analysis
Quickbooks Online Subscription
Setup and Cleanup of your books
1099 Tax Form Issuance
Accounts Payable & Receivable
Featuring transparent pricing.
Comprehensive bookkeeping services designed to streamline financial operations for entrepreneurs of all industries.
Let our seasoned team of Quickbooks ProAdvisors and payroll specialists handle all your complex back-office bookkeeping and payroll.
A combination of formation, tax, accounting, bookkeeping, and resources that spell success for your online entrepreneurship.
Our answers to your questions.
What do I need to know to start bookkeeping services?
We have three requirements that allow us to deliver the most accurate bookkeeping and accounting services:
(1) Electronic transaction access from your bank (most banks have this)
(2) Expense reporting software (we get you set up on Quickbooks Online)
(3) No commingling of personal expenses in your business - this is a big one!
Is there support included? Can I ask questions?
Absolutely! Support and questions are included in your plan, and actively encouraged. Bookkeeping and payroll are services that are very much a two-way street when it comes to communication, so we expect to develop communication with you on a regular basis.
Do you provide bookkeeping and payroll software?
Yes, we use industry-standard bookkeeping and payroll software that you will gain a subscription to as part of our services. For bookkeeping, we prefer Quickbooks Online as all bookkeepers in our firm are Quickbooks ProAdvisors - meaning they are experts in everything to do with Quickbooks! For payroll, we usually use Gusto.
Why use Quickbooks Online?
We do all our bookkeeping in Quickbooks Online because it offers a number of advantages to our clients:
Seamless tax preparation - virtually every tax preparer in the US knows how to work with Quickbooks Online, so if you don't want Financial Umbrella to do your taxes in-house, you'll have the freedom to choose any tax preparer you want.
Industry standard - in addition to tax preparers, most other financial professionals like attorneys, bankers, and venture capitalists, all know how to work with Quickbooks.
Data Portability - using Quickbooks Online means you're not locked in. If you ever decide to move on from Moravia Advisors, your data and your Quickbooks Online subscription go with you.
Can I migrate from another accounting system to Quickbooks Online?
Yes, we have done this for a number of clients coming from Quickbooks Desktop, Xero, Wave Accounting, Freshbooks, Zoho Books, and more!
Does Financial Umbrella handle W-2 and 1099 forms?
We sure do! If you have payroll services with us, that includes preparation, filing, and mailing of W-2 forms, as well as 1099 forms for contractors paid through your payroll software package. If you have bookkeeping services with us, that includes preparation, filing, and mailing of 1099 forms to all necessary vendors and independent contractors. We can also provide 1099 services even if your books aren't done by Financial Umbrella - we would just need some extra information from you to ensure everything is up to our standards.
Does Financial Umbrella handle sales tax filings?
Sales tax filings are on a case-by-case basis, dependent upon our advisors' experience in your state(s) and whether your business performs services or sells goods in multiple states. While we want to help each and every one of our clients with their sales and use tax filings, our clients performing services or selling goods numerous states would benefit more from an automated sales tax monitoring and remittance system. We recommend Avalara to our clients who perform business in many states.