Anyone who has ever started a business knows, there are innumerable financial considerations that must be made—from calculating how much money you need to eventually break even, to figuring out what you’re going to pay your employees or charge for your goods/services. Some considerations are more important than others, however, because they dictate how likely …
Financial Considerations When Starting a Business Read More »
The average person who thinks about bookkeeping and accounting probably assumes these are jobs with extremely similar functions that are performed by the same person. In actuality, these are very different financial tasks. While there are common goals in accounting and bookkeeping, these services will support business owners in different ways. Let’s take a look …
What is the Difference Between Accounting and Bookkeeping Read More »
One of the best things you can do as a small business owner to ensure the long-term financial health of your company is to make bookkeeping a priority. By prioritizing bookkeeping, you’ll be able to keep more accurate records of your company’s revenue and spending habits. Here are just a few examples of ways smart …
How Smart Bookkeeping can Lead to Small Business Success Read More »
Most people have already filed their tax return for this year. However, it’s never too early to start thinking about next year. By starting your tax planning early on, you can save yourself a significant amount of time and money in 2019. Also, read: A Quick Income Tax Checklist for Individuals and Married Couples With this …
No matter the size of your business, bookkeeping plays a major role in ensuring your financial health. It might not be a particularly exciting or glamorous task, but it is essential to your success. Therefore, it is important you prioritize accuracy in your bookkeeping at all times. Here are a few of the most common …
The Most Common Bookkeeping Mistakes Made by Small Business Owners Read More »
One of the most common methods of funding retirements is through the use of Individual Retirement Accounts, or IRAs. You can work with banks, investment firms or insurance companies to set up an IRA, which is a type of account shielded from taxes. Your IRA may be composed of mutual funds, bonds, stocks or just …
We are now in the midst of tax season, meaning people from all over America are busy compiling their records and receipts and preparing their income tax return paperwork. This can be quite a stressful time of year, especially if you are not entirely sure what types of paperwork and materials you need to organize …
A Quick Income Tax Checklist for Individuals and Married Couples Read More »
Every year, people across the United States have to consider whether they will do their taxes themselves or reach out to a professional tax preparer. While it is true that it typically costs less money up front to do your taxes yourself, there are plenty of reasons why having a professional do your taxes for …
Why You Should Seek Professional Assistance When Preparing Your Taxes Read More »
Tax season can be a stressful time for business owners. In addition to running the day to day aspects of your small business, you also need to get all of the documents and materials you need for your taxes in order. There are strategies you can employ throughout the entire year to help ease some …
A Tax Preparation Checklist for Small Businesses Read More »
Federal tax returns are always due either on April 15 or the first business day after. While this is a hard deadline for most Americans, the IRS does grant automatic six-month extensions (to October 15) if you complete and submit Form 4868. However, it is important to note that even if you get an extension …
When Can I Get an Extension for Filing My Tax Return? Read More »
