Services

We serve Sole Proprietorships, Partnerships, LLC, S and C Corporations as well as non-profit organizations. We can provide financial reports for your records as well as complete 1065, 1120S and 1120 and 990 Federal tax returns as well as State of Hawaii equivalents.

Whatever your needs for accounting and payroll services, Midnight Oil, Inc. is ready to be of service to you. We will analyze your volume and complexity and provide written estimates of monthly fees for services. We are a cost effective option for the small to mid-size business looking for accounting services that have neither the desire nor resources to employ an in-house solution.

We utilize many different accounting software solutions, including Sage Businessworks, Intuit ProSeries, Quickbooks Pro and adapt to specific problems based on our customers' needs.

If you already have a network, or need to expand your software or networking capabilities, we can provide the networking support to make your systems operate efficiently and effectively in ways that work for you.

Private Accounting

Midnight Oil, Inc has been providing quality GAAP-based accounting services since 1987. We offer services that cover standard bank reconciliations and categorization of expenses and capital. We also can offer accounts payable services if you need to have bills tracked and payed in a timely fashion. This includes check cutting and disbursement if desired.

Midnight Oil also can provide accounts receivable services if you need to track payments received, payments owed, and aging of balances due. We can process periodic statements and invoices and even serve as your agent for processing the receipt of payments by mail.

Midnight Oil can also provide software and setup support for inventory systems including managing ordering systems and warehousing over multiple locations.

Midnight Oil is a member of the Sage Accountants Network and prefers the use of Sage BusinessWorks, although we can use other products in the Sage family including ERP 100 and Sage Accounting 50 (aka Peachtree). Midnight Oil also works with Quickbooks and can accommodate your business needs if you run Quickbooks and would like to continue to use it within your organization.

Payroll

Midnight Oil, Inc. can also provide payroll services alongside accounting services. We can calculate rates, remove deductions, calculate accrued vacation pay, apply commission rates, and provide any custom needs for payroll calculation.

All payroll reports will be generated for each reporting period. All you will have to do is sign and mail them in. Included with payroll services are annual W-2 generation and 1099 services, if needed.

Midnight Oil will process pay and track payroll taxes as well as make payments for you automatically if desired. Direct deposit is an option although additional expenses will be incurred at a rate determined by your financial institution

Software Support

Midnight Oil, Inc. has experience setting up and administering software systems. We can develop an accounting system for you, and setup the software, hardware, and network to run it.

Midnight Oil works with the Windows Server family of products. Our preferred method of handling network deployment is with Terminal Services (aka Remote Desktop) which allows for inexpensive and durable thin-clients to be used instead of costly, complicated desktop computers. This saves time and money, and when combined with a multiple RAID server network can provide security and redundancy while keeping costs low.

Corporate Taxes

Midnight Oil does more than just payroll taxes. We also do annual business taxes (sorry, no personal taxes). Midnight Oil can prepare 1120, 1120H, 1120S, 990, 990-EZ, and 1065 among others, but we do not prepare Form 1040 for sole proprietors.

Annual tax filings do not require any other services, but complete documentation is required for annual business activity to prepare a tax return. This will mean statements for relevant bank accounts and credit accounts as well as descriptive information for any asset purchases.