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: 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]
Posted on: 26 March 2020
Tax season can very stressful for individuals and businesses alike. As a small business owner, you want to make sure that you take the right steps to prepare so that you're ready for tax day. Getting ahead of your business tax needs can help you reduce stress, upset, and mistakes. Keep reading to see a small business tax preparation checklist. Know Which Tax Forms You Need to File When it comes to business taxes, it's a bit more complex than individual taxes. [Read More]