From Taxes to Budgets: An Accounting Blog

Posted on: 14 May 2020

When most people think about the idea of an audit, they do so in negative terms. After all, no one wants to have someone looking over their shoulders—or worse, intentionally looking for errors or fraud. But, in reality, an audit is a good thing for your company to request on its own. Here are a few of the benefits your business gets from ordering an audit of its finances. 1. You Learn About Potential Problems [Read More]

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]