heyer-blog

How you prepare and file your taxes, depends entirely on what type of small business you have; whether you run it as the sole proprietor or use a legal entity like an LLC or corporation. Depending which applies to you, there will be a tax form to report the income from your business and its expenses. While the forms are different, the way in which you calculate your taxable income,… Read More

There are often several reasons why small businesses don’t employ the services of a bookkeeper, but as most business consultants will tell company owners that hiring a bookkeeper could really benefit their business, knowing when to hire one is quite simple! While each of the reasons why small businesses don’t take on a bookkeeper may be valid, they could still leave a company struggling to complete the necessary paperwork or… Read More

Creating reports for your business may not always be a priority, but whether you’re the sole proprietor or have partners, business reports can save you money in the long run and help to secure the future of your company. What are custom reports and why are they so useful? Custom reports help you to document your business’s progress, provide you with a way of comparing that progress over certain periods… Read More

Number crunching isn’t everybody’s favourite task, and budgeting for your small business can be tricky, but successful businesses are usually the ones who have mastered the art of budgeting, and go on to reap the rewards. Creating and maintaining a budget for your small business doesn’t have to be hard, and provided you stick at it and update it regularly, it should become a great tool for helping your business… Read More

If you’re the owner of a small business, trying to get prepped for your taxes can be a baffling time and while it’s often advisable to hire the services of tax professionals to help you sort them out, it’s also a good idea to have at least a basic knowledge of your own. Knowing how  to save money through tax deductions can be extremely helpful, and below are a few… Read More

Bookkeepers take on many varying responsibilities when they’re employed to work within small businesses – some bookkeepers even specialise in certain areas – but their main efforts centre around organising all the financial transactions involved with operating a small business. Listed below are just a few of them:  Tracking and recording all daily financial transactions  Managing accounts receivable (chasing late payments) and preparing and mailing invoices to clients  Managing the… Read More