The COVID-19 pandemic spurred employers to switch to remote work at unprecedented levels. Even though many companies are returning to the office, remote work is here to stay. Employees love the convenience of working from home, while employers can save money on office space, retain employees, and source top talent from across the country. There’s …
Dealing with paperwork is one of the least appealing parts of running a business. Many of our clients outsource their bookkeeping to MCG Solutions for that very reason: instead of spending hours sifting through your invoices, receipts, and other financial paperwork, your bookkeeper can handle the heavy lifting. To get great results, your bookkeeper needs …
How to Make Your Bookkeeper’s Job Easier by Organizing Invoices Read More »
The phrase “IRS audit” is enough to strike fear into the heart of any small business owner. No matter how meticulous your records are, there’s always the chance that the IRS will find mistakes. That can result in penalties and surprise tax bills, along with the inconvenience of the audit itself. How often do small …
Expenses to get a clear, accurate picture of your business’s profits and losses, you need to set up a system to track your business expenses. Not only will this help you make wise financial decisions and projections, but it’s invaluable organization during tax time. Whether you’re just starting out or you want to update your …
As a small business owner, your company may seem like it’s your entire life. When it comes to your finances, however, it’s important to keep your personal and business expenses separate. Not only will it make record keeping easier, but it can also shield you from personal liability. Here’s why it’s so important to keep …
Why It’s Important to Separate Business and Personal Expenses Read More »
Filing your small business’s taxes can be a time-consuming, frustrating experience. Although the federal tax deadline is rapidly approaching, it’s never too late to overhaul your approach to tax time. Staying organized throughout the year ensures that your tax preparer will have everything they need to file on your behalf. Here are five ways you …
5 Ways to Keep Your Small Business Tax Compliant Read More »
One of the best strategies to employ to reduce your tax burden in a given year is to give money to nonprofit, charitable organizations. This both helps you to support good causes while also reducing your taxable income and allowing you to get deductions on your tax return. However, there are ways beyond just giving …
How to Take Full Advantage of Charitable Deductions Read More »
With tax season here in full force, it’s easy to get overwhelmed with al the paperwork you need to get through. The good news is you can always pass off your tax tasks to a professional, whether you’re in need of assistance with your personal income taxes or with your business’s taxes. Here’s a quick …
Why You Should Invest in Professional Tax Preparation Read More »
As companies head into the new year, owners start brainstorming ways to improve their operations. If your internal employees are overloaded with work, outsourced bookkeeping should top your list of priorities. Outsourcing comes with many benefits like cost savings, fraud mitigation, accurate financial data and so on. Keep reading to learn more reasons why outsourced …
Resolve to Invest in Outsourced Bookkeeping This Year Read More »
The vast majority of individuals wait until the last minute to file their tax returns. They believe as long as they hit the April 15thdeadline, their businesses won’t suffer any financial penalties. However, there’s much to gain from getting it over with as soon as possible. Check out all the benefits your business can enjoy …
Why Getting Your Taxes Done Early is a Good Idea Read More »
