About Us
WHY
CHOOSE
US
PROVIDE ACCOUNTING SERVICES
for all types of companies regardless of their size and economic sector.
TEAM OF CERTIFIED PROFESSIONALS
with extensive experience in managing all our services.
OUR SERVICES
bookkeeping, open business, payroll, e-filing & public notary.
FLEXIBLE SERVICE PACKAGE
for you to select the one that best suits your needs.
WE ARE LOCATED IN MIAMI, FLORIDA
we serve our clients in english or spanish language.
Certifities
DOING CORRECTLY OUR WORK
For our customers
10
Years of Experience
+100
Companies Created
+50
Managed Accounts
100%
Satisfied customers
Services
We treat our
client like family
We have a very complete service package to help you solve most of your accounting needs.
DO YOU NEED MORE INFORMATION?
Request a call back
Bookkepping Packages Prices
Blue Label
$269Monthly
For Small Business
- Up to 50 transactions
- Up to 2 accounts
- Accounting Software
- Dedicated Accounting Team
- Weekly Bookkeeping
- Monthly Profit and Loss
- Monthly Balance Sheet
- Payroll Reconciliation
Yellow Label
$410Monthly
For Medium Business
- Up to 100 transactions
- Up to 4 accounts
- Accounting Software
- Dedicated Accounting Team
- Weekly Bookkeeping
- Monthly Profit and Loss
- Monthly Balance Sheet
- Payroll Reconciliation
Red Label
$650Monthly
For Large Business
- Up to 150 transaction per month
- 6 Accounts
- Set up of Bookkeeping Software
- Weekly Bookkeeping
- Monthly Bank Reconciliation
- Monthly Profit & Loss Report
- Monthly Balance Sheet
Green Label
$790Monthly
For Corporation
- Up to 200 transactions
- Up to 8 accounts
- Accounting Software
- Dedicated Accounting Team
- Weekly Bookkeeping
- Monthly Profit and Loss
- Monthly Balance Sheet
- Payroll Reconciliation
- Annual Tax Planning
DO YOU WANT TO CONTACT US?
This is our contact information
3408 W 84th st, suite 300 Hialeah Florida 33018
+ 786 542 9683
info@rcaccountingservice.com
How We Work
Step 1
Contact us by the way you prefer to make an appointment in person or online.
Step 2
We need to know your company and needs in depth.
Step 3
Define indicated accounting package and monthly fee.
Step 4
Determine necessary documentation that must be provided to our company.
WHAT DO OUR CUSTOMERS SAY?
Here are some testimonials
FAQ's
Frequently
asked
questrions
OPEN BUSINESS
LLC (Limited Liability Company)
1Definition
Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. This means that an LLC can get a tax identification number, open a bank account and do business, all under its own name.
2How does an LLC protect you?
One of the primary advantages of an LLC is that its owners, called members, have "limited liability," meaning that, under most circumstances, they are not personally liable for the debts and liabilities of the LLC.
For example, if an LLC is forced into bankruptcy, then the members will not be usually be required to pay the LLC's debts with their own money. If the assets of the LLC are not enough to the debts and liabilities, the creditors generally cannot look to the owners for payment. Their debt was with the LLC, not the people that owned the LLC.
3Benefits
LLCs aren't bound by the same rigid rules of corporations, but this doesn't stop them from being just as useful. It doesn't matter if you're a solo business or if you have hundreds of employees, an LLC keeps protecting you while allowing for expansion and growth. With an LLC, there's no requirement for special meetings, extensive corporate records, or many other formalities. Limited liability companies are even flexible when it comes to taxes, offering lots of options so you can create a tax plan that works for you.
This simplicity, protection, and ease of use have made forming an LLC a popular choice for small businesses in America.
4Comparing with a Corporation
The decision to form an LLC or a corporation is a common debate among business owners that deserves careful consideration. While both are excellent choices for personal liability protection, each entity offers its own set of distinct advantages.
Choosing the right one for your company depends on your particular business, operational needs and tax strategy.
5Advantages over a Corporation
No ownership restrictions: S corporations cannot have more than 100 shareholders, and each shareholder must be a U.S. resident or citizen. There are no such restrictions on LLCs.
Ability to use the cash method of accounting: Unlike C corporations, which often must use the accrual method of accounting, most limited liability companies can use the cash method of accounting. This means income is not earned until it is received.
Ability to place membership interests in a living trust: Members of an LLC are free to place their membership interests in a living trust. In the case of an S Corporation, placing shares in a trust can raise issues with the S Corporation status.
Ability to deduct losses: Members who are active participants in the LLC's business can deduct its operating losses against the member's regular income to the extent permitted by law. Shareholders of an S corporation are also able to deduct operating losses, but shareholders of a C corporation are not.
Tax flexibility: By default, an LLC is treated as a "pass-through" entity for tax purposes, much like a sole proprietorship or partnership. This means that LLCs avoid double taxation. Furthermore, an LLC owner is not required to pay unemployment insurance taxes on his or her own salary. However, an LLC can also elect to be treated like a corporation for tax purposes, whether as a C corporation or an S corporation.
6Disadvantages over a Corporation
Profits are subject to Social Security and Medicare taxes: In some cases, LLC owners may end up paying more taxes than owners of a corporation. Salaries and profits of an LLC are subject to self-employment taxes, currently equal to a combined 15.3%. With a corporation, only salaries (and not profits) are subject to such taxes.
Owners must immediately recognize profits: A C corporation does not have to immediately distribute profits to its shareholders as a dividend. This means that shareholders in a C corporation are not always taxed on the corporation's profits. Unless an LLC elects to be taxed as a corporation, profits are automatically included in a member's income.
Unfavorable state tax rules and fees: In some states, including California and New York, an LLC must pay higher taxes and fees than would a corporation that generated the same revenues.
S Corporation
1Defintion
Formerly called a "Sub section S corporation," an S corporation pays no income tax and may only be used for small businesses. All of the income or losses of the corporation for the year are passed through to the shareholders, who report them on their individual returns.
At the end of each year, the corporation files an information return, listing all of its income, expenses, depreciation, etc., and sends each shareholder a notice of his or her share as determined by percentage of stock ownership.
2Advantages
Using this method avoids double taxation and allows the pass-through of losses and depreciation. For tax purposes, the business is treated as a partnership. Since tax losses are common during the initial years due to start-up costs, many businesses elect S status and switch over to C corporation status in later years. Be aware that once a corporation terminates its S status, there is a waiting period before it can switch back. Typically, S corporations do not have to pay state corporate income tax.
3Disadvantages
If stockholders are in high income brackets, their share of the profits will be taxed at those rates. Shareholders who do not materially participate in the business cannot deduct losses. Some fringe benefits, such as health and life insurance, may not be tax deductible.
4Requirements
To qualify for S corporation status, the corporation must:
Be a domestic corporation.
Have no more than one hundred shareholders
None of whom are nonresident aliens or corporations
All of whom consent to the election (shares owned by a husband and wife jointly are considered owned by one shareholder)
Have only one class of stock.
Not be a member of an affiliated group (only individuals, estates, and certain exempt organizations and trusts qualify)
File IRS Form 2553 no more than two months and fifteen days after the start of the tax year for which it is to be effective, and be approved by the IRS.
C Corporation
1Definition
A C corporation pays taxes on its net earnings at corporate rates. Salaries of officers, directors, and employees are taxable to them and deductible to the corporation. However, money paid out in dividends is taxed twice. It is taxed at the corporation's rate as part of its profit, and then at the individual stockholders' rates as income, when distributed by the corporation to them.
2Advantages
If taxpayers are in a higher tax bracket than the corporation and the money will be left in the company for expansion, taxes are saved. Fringe benefits, such as health, accident, and life insurance, are deductible expenses.
3Disadvantages
Double taxation of dividends by the federal government can be a big disadvantage. Also, most states have an income tax that only applies to C corporations and applies to all income over a certain amount.
As a separate legal entity, a corporation must submit a tax return each year with the IRS. For C corporations with a fiscal year ending December 31, tax returns are due on April 15. For S corporations with a fiscal year ending December 31, tax returns are due on March 15. A corporation must file a tax return even if it does not have income or no tax is due.
Some states, including California, also have a state corporate income tax. Corporations with employees are required to pay federal (and sometimes state) payroll and unemployment taxes.
NOTE: Neither of these taxes applies to money taken out as salaries. Many small business owners take all profits out as salaries to avoid double taxation and state income tax. However, there are rules requiring that salaries be reasonable. If a stockholder's salary is deemed to be too high relative to his or her job, the salary may be considered to be partially a dividend and subject to double taxation.
4Requirements
None.
NOTE: All corporations are C corporations unless they specifically elect to become S corporations.
Contact
RC Accounting
3408 W 84th St, Suite 300
Hialeah, Florida 33018, USA.
+786 542 4683