Proposers will be responsible for delivering the following services: A. Tax Preparation and Filing Support 1) Objective: Ensure small businesses comply with local, state, and federal tax requirements by providing expert tax preparation, filing assistance, and payment plan setup. i. Tasks: 1. Review business income, expenses, and financial records to determine tax liability. 2. Prepare and file federal, state, and local tax returns accurately and on time. 3. Assist businesses in identifying deductions, credits, and other tax-saving opportunities. 4. Educate business owners on tax compliance to minimize errors and future penalties. 5. Set up payment plans with the IRS or local tax authorities if businesses are unable to pay tax liabilities in full. ii. Tangible Work Products: 1. Completed tax filings (federal, state, and local). 2. Payment plan setup documentation (if applicable). 3. Tax review and compliance reports. 4. Annual summary of tax savings and compliance improvement suggestions. Secondary Services (optional, based on business need and the strategic direction of the Commerce Department): B. Business Accounting System Setup and Training 1) Objective: Establish efficient accounting systems tailored to small business operations and provide hands-on training for sustained financial management. i. Tasks: 1. Evaluate the existing financial systems and recommend suitable accounting software (e.g., QuickBooks, Xero). 2. Configure and implement accounting software to fit the business’s needs. 3. Introduce business owners and staff to accounting systems, basic bookkeeping, and record-keeping protocols. 4. Develop customized accounting workflows to track income, expenses, and profits. ii. Tangible Work Products: 1. Fully configured accounting software setup. 2. Accounting system user guides and documentation. 3. Training session materials (presentations, user manuals, videos). 4. Post-training assessment to evaluate understanding...
