For all things financial, your best bet is always to hire an accountant. They can do a lot more than just file your taxes for you! Good accountants can look over your budget, especially for your business, and let you know where you might be overspending or where you can afford to spend more. They can even help you create documents, such as a profit and loss sheet. Having a good accountant on your side will always come in handy. We also think you can benefit from learning more about accounting, which is why we are pleased to offer this collection of articles.
Posted on: 29 April 2020
When it comes to protecting yourself and your family, one of the best ways you can do so is by having an estate plan in place. Everyone should have an estate plan in place, regardless of your financial position. Step #1: Create a Will First, you need to create a will. A will is the type of estate plan that most people are familiar with. A will is where you state who you want to get all your belongings when you pass away. [Read More]
Posted on: 28 April 2020
When you try to handle your own tax affairs and filing, it's easy to make mistakes because you're not an accountant or tax professional. If you think that you might have made a big mistake on your previous year's taxes, it's a good idea to consider making an amendment. You can amend a tax return within 3 years of the original filing date. It's best to hire a certified public accountant to help guide you through the process. [Read More]
Posted on: 24 April 2020
When you are running a business, you are responsible for more than the product or service your business creates; you are also responsible for taking care of the financial side of your business. That means making sure the financial side of your business runs smoothly and doesn't encounter any avoidable mistakes that could cost you money or sideline the operations of your business. Mistake to Avoid #1: Improper Payroll Reporting [Read More]
Posted on: 16 April 2020
Tax season is almost always stressful and anxiety-inducing for most taxpayers. Not only are there so many forms to fill out, but there's always the risk of an audit once you've filed. However, there are a lot of misconceptions out there surrounding IRS audits that often leave taxpayers paralyzed in fear at the mere mention of an audit. Here are some things that you should know as you get ready to file your taxes for this year. [Read More]