5 Ways to Prepare for Tax Season
It shouldn’t come as any surprise that tax season is quickly approaching. When it comes time to file, it’s extremely important to have clean books and an easy-to-understand financial statement. Ultimately, this will lower your preparation costs and give you a much clearer understanding of what you’re paying out while avoiding potential errors down the line.
Bookkeeping: Bookkeeping is NOT accounting. A bookkeeper resolves bank statements, writes checks and makes deposits.
Outsourcing: Outsourcing can be an intimidating word, but it means the same thing as hiring from outside your company
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When it comes to your bookkeeping, you need someone reliable and a lot of the times an MBA on your staff may not know how to do the task of a bookkeeper. Here are some helpful hints to let you know whether or not you should outsource your bookkeeping.
As a small business owner, there’s no need to feel intimidated by your bookkeeping efforts. We’ve put together a short list of tips to get you started in the right direction.
Whether you’re one of those business owners who needs to do everything by hand or simply doesn’t trust technology — we get it. Everyone has their own method of keeping their books balanced. However, with the exceptional advancements in technology, using a reputable software can save you significant amounts of time and money for your business.
No matter the situation, we know that being contacted by the IRS can be nerve-racking and intimidating. Whether you see the name scroll across the caller ID or just in their letterhead, our hearts tend to beat a little faster.
And rightfully so. For Pete’s sake, it’s the IRS. They’re likely after your money and you fear you may have filed something wrong. And although there’s no cookie-cutter way to prevent them from contacting you, there ARE 4 helpful tips that’ll help you steer clear of their audits.