Heyer Inc | Accounting and Tax Blog

As much as we all despise having to prepare and file our taxes every year, approaching it proactively really is the best way to stay on top of them, and the only way to avoid making costly errors or risk missing deadlines that could incur penalties. Being proactive for many of us, means hiring a professional in plenty of time; giving them ample occasion to assemble all of the paperwork… Read More

The healthcare industry is a specialised one, and changes to tax regulations can seriously affect healthcare businesses. Medical professionals – ranging from dentists and physicians, to medical practice owners – often require assistance with their taxes, in order to ensure that they comply to current tax laws, and don’t end up paying more than they actually owe. Who can medical professionals turn to for help with their taxes?  Tax preparation… Read More

Specialised industries or individuals, such as attorneys, dentists, physicians and medical practice owners, restaurants and rental and real estate owners and realtors – to name but a few – typically require a unique set of services and specific knowledge to help them with their accounting needs. There are many accountancy firms in existence today with years of experience in dealing with those working in specific industries, and they will have in… Read More

An IRS audit or a tax audit is a review of a business’ accounts and financial information to verify that the tax amount reported is correct. This is one of the things many small business owners would like to avoid. While there is no way to completely avoid the audit, there are certain things you can do to minimize your exposure. In this article, we will discuss about some of… Read More

Small business owners should be aware of the taxes that they are supposed to pay. There are several types of taxes a small business may have to pay such as income taxes (both federal and state), employment taxes, self-employment taxes, sales taxes and local taxes. Many small business owners are good at performing their core business activities and often overlook the importance of tax planning. Small businesses need to do… Read More

Many business owners try to keep their records on their own using some online applications. Is it a wise thing to do your own bookkeeping trying to save on a bookkeeper’s service? While you can handle some basic bookkeeping work, it is almost impossible for you to hit the efficiency and accuracy of a professional bookkeeper. A professional bookkeeper documents all the company expenses, sales transactions, pays the bills, submits… Read More