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
When you work as an entrepreneur, you likely have an accountant take care of your tax preparation. The assistance of an expert increases the likelihood that you'll be able to use all the write offs available to you and pay as little in taxes as possible. Your accountant may be managing your paperwork at tax time, but he or she can't do it alone. Part of the way that you can lend a hand is to provide your accountant with a tidy set of business-related receipts that you've accumulated throughout the year.
24 February 2017
While most people don't look forward to the actual process of doing their income taxes, the resulting refund can be a big help for taxpayers and their families. But, before you start spending that money in your head, here are a few great options to save it for the future instead. Direct Deposit When completing your tax forms, be sure to have handy your bank account number and ABA routing number.
18 January 2017
One of the most versatile and useful resources at the disposal of any business owner is a certified public accountant, mostly because of the many different ways in which he or she will be able to help your business. Listed below are three reasons to hire a CPA for your business. Software Set Up One great reason to consider hiring a CPA is the fact that they can help you select and set up financial and tax software that you and your employees can use in the future.
19 December 2016
There's no doubt that payroll services can make your life easier as a manager. But to ensure that you're getting the best deal you can, be sure to check with a potential payroll company to see if they can offer you these important benefits. Integrates with Your Timekeeping and Bookkeeping Software With many payroll services, you will be working through an online portal that allows you to send payroll data to the company for processing.
1 November 2016
An important piece of tax legislation was passed in late 2015 and then signed into law by the president. Several tax provisions that had been temporary were made permanent. A noteworthy part of the legislation changes how quickly businesses can write off the cost of heating and air-conditioning equipment. The Protecting Americans From Tax Hikes Act is better known by its acronym PATH. Up until passage of the PATH Act, the cost of HVAC equipment could not be written off as quickly as some other types of machinery and equipment.
26 September 2016
If you are working on the accounting reports for your small business yourself, one of the most important ones to understand is your balance sheet. This details the asset and liability accounts so that you know what your company's net worth is. Here are a few things you should know about this statement before you create one for the first time. The Asset Section The balance sheet statement will begin with a review of your company's assets.
25 August 2016