Most small businesses trying to manage without a bookkeeper will struggle, irrespective of how much they may enjoy that aspect of running a business, or even how proficient they believe themselves to be at it. The simple fact of the matter is that good bookkeeping requires time, patience and more time! Some busy business owners may be prepared to dedicate a good portion of their day to tackling bookkeeping matters,… Read More
Important Calendar Dates Your Tax Pro Can Help You With
For many small businesses, keeping track of, and managing their taxes is a yearlong commitment, and there are several important types of deadlines to be aware of throughout the financial year: January 31st – 1099 mailing deadline 1099 forms for contractors, need to be in the mail by the end of January, and must be postmarked or electronically filed by this date to avoid penalties. January 31t – W-2 mailing… Read More
Be Diligent With Your Small Business Taxes Year Round
April 16th may feel like a joyous occasion for small business owners and an excuse to throw down the tax towel and shake off the tax blues for another year, but this kind of approach can be dangerous, to say the least! Ditching tax talk for the rest of the year after filing, can land you in big trouble when the next tax season gets into full swing, and here’s… Read More
6 Small Business Problems Solved By A Bookkeeper
All small businesses will go through a series of ups and downs, and solving some of the problems that can arise, takes time and patience. Most owners of small businesses complain of not having enough time to do everything that is required of them, but finding time to update the books so that their bookkeeper can do their job efficiently, is one thing business owners must do if they’re to… Read More
Simplifying Tax Planning For Small Businesses
Taxes are a hassle no matter how you tackle them, but there are ways of simplifying the whole process by planning in advance to help minimize your stress levels when your taxes are due: Don’t leave anything until the last minute: This may sound like common sense to most of us, but believe it or not, every year thousands if tax payers leave their filing right until the last minute,… Read More
How Will You Put Your Tax Refund To Use?
With April 15th very definitely behind us, most US citizens who didn’t file for an extension, have filed their taxes successfully, either alone, or with the help of a tax professional. Many folks will be disappointed to discover that they owe taxes, while others will be pleasantly surprised with a refund. Tax refunds can naturally vary in size, but some may be a significantly large sum of money; research shows… Read More