When it comes to running a business, finances are always on your mind. You know as an owner; you need to keep your expenses less than your income to be profitable. This leaves many owners battling to determine when they should let professionals handle aspects of their business, and when to use software to assist. Accountants are some professionals who can help you grow your business and help you use your time in the best manner possible.
5 October 2020
Do you work with a contracted accountant but want to hire an in-house bookkeeper? As a small business grows, bringing in some outsourced tasks back into the company's control often increases efficiency and cost-effectiveness. But you'll need to ensure that your bookkeeper employee and the hired accountant work together to keep your company on track. How can you do this? Here are a few key tips to put into practice.
30 June 2020
Earning an income as an artist can differ greatly from the structure of most other career choices, but there are some marked similarities, as well. One of these similarities is the need to file and pay income taxes. Because the income stream generated through art may range from slightly irregular to very sporadic, artists may struggle with some of the basic accounting tasks needed to ease the tax filing process.
13 December 2019
Are you interested in hiring a public accounting firm to service your small business? Here are a few things the company you decide to hire should be able to offer: Monthly Service Fees One important thing that should be offered by the public accountant or firm you decide to hire for your small business is monthly service fees. Instead of having to pay on an hourly basis, or for each specific service you receive separately, you should be able to pay one flat fee each month in exchange for the services your business benefits from.
10 October 2019
When you run a small business, it is up to you to keep your books in good order. Bookkeeping is one of the keys to a successful small business. There are a few things you need to do to ensure that your business is a financial success. Hire Someone to Help with Your Bookkeeping Taking care of small business accounting is not an easy job, which is why one of the smartest moves you can make is to bring in someone who is trained in finances to run your books.
28 June 2019
Business and trade conventions are an important part of business life. But before you pack your bags, be sure you understand what your business can and cannot deduct. Here are a few things you can and cannot write off, so you can make the best choices with your budget. Deduct Your Booth. Advertising and marketing expenses often include selling at a convention. A trade booth, the signage around it, speaking costs, and expenses for your personnel to staff the booth are generally all deductible in your marketing budget.
6 March 2019
When you need your business to stay as organized as possible, while also avoiding some pitfalls, one of the best things you can do is hire some financial experts. By hiring these professionals, in addition to adhering to some practices, you can count on your business to keep growing. Take advantage of these tips to get the help that you need. #1: Stock the coffers -- think savings first and always
20 December 2018
When you own a business, it's essential that you keep up with your business finances. Having control over where your finances stand can make all the difference. If you feel like your financial documents are all over the place and you're not sure where your money stands, it may be time to get professional help. A bookkeeping services team can quickly take charge so that you can better your brand. Keep reading to learn how bookkeeping services can make your business better:
4 October 2018
As an adult, it is smart to always have your estate in order. You never know what is going to happen in life, and you want to make sure that no matter what happens your loved ones are taken care of and don't have to wade through legal paperwork when all they really want to be doing is mourning your passing. 1. Get Some Life Insurance One of the first things that you should do is get some life insurance.
3 June 2018
If you've recently made the switch from W2 employee to 1099 contractor, you may still be struggling with the reality of quarterly estimated tax payments and full responsibility for FICA payments. Even if you're earning a higher hourly rate than you did as an employee, you may feel that you have less money in your account at the end of each month—and being hit with a hefty tax bill (or penalties) when you're accustomed to getting a refund can be an even bigger sting.
24 February 2017