Sole Proprietors

Sole Proprietors have the advantage of being the owner of their business and receive all the profits. The proprietors has all the assets but also all the debts of the business. Sole Proprietors have their advantages but there are also disadvantages that will decrease the health and profitability of your business.

Madeira will educate and provide you with the help necessary for your business to stray away from those disadvantages. Since there is no legal distinction between the owner and the business, it is difficult to distinguish which documents are necessary. Madeira will provide the organization of all financial records and tax planning, so you can maximize tax deduction and reduce income tax liability. This will prevent tax audits. Madeira would also provide:

  • Enter accounts payable & receivable
  • Manage credit card transactions
  • Balance bank account statement
  • Set up schedule of depreciation for fixed assets
  • Payroll service
  • Financial statements
  • Annual tax return preparation

Madeira's knowledge and experience will ensure that your goals will be accomplished. Expect high quality customer services that are catered towards your needs. Madeira will ensure that you are on the right path for a healthy, organized and profitable business.