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preparing for tax time all year long


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preparing for tax time all year long

Having a certified personal accountant working with you to prepare for your taxes throughout the year will help you in so many ways. Do you wait until the beginning of the year to get your documents in order to file your taxes? Did you realize that doing so could end up costing you money when you do file your taxes. This blog will show you some of the things that you could be missing if you aren't paying attention to your taxes until it is time to file. Maybe after reading, you will make changes to the way you go about preparing for tax time.

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Avoiding The Major Mistakes In Small Business Budget Analysis

Every small business owner needs to periodically run a budget analysis to determine how much money they will need to continue operations and where they can cut back. But a budget analysis can be very complex; it governs all the expenses and income of a business. Here are some of the most common problems company owners run into. Remember to Use a Large Enough Sample Size You can't base a budget analysis on the expenses that you had in the lats month or even three months. Read More 

Four Issues That Can Overdraw a Small-Business Bank Account

There are few problems as terrifying for a small business owner as zeroing out their bank account. Many businesses operate solely on cash; without it, they aren't able to purchase their products or continue paying their staff. Because of this, business owners need to pay attention to the issues that are most likely to potentially overdraw their account. 1. Checks That Weren't Properly Recorded When a business owner writes a check, they can easily forget to mark it down in their ledger. Read More 

3 Reasons A Small Business Owner Should Hire An Accountant

Running a small business is a lot of work. It is no secret that you will spend a lot of time not only working on your product and services, but you will also have to manage the business. One thing that can take a good deal of time is bookkeeping and the accounting aspect. This is why many people choose to hire a small business accountant to help them with all of the finances. Read More 

Preparing For An Upcoming Business Audit

A business audit can elicit a sense of panic if your records aren't already perfectly in order. Here are some things you can to do get your documents ready for an auditor.  Hire a Helper For starters, it can help to have a bookkeeping or accounting firm on your side when it comes time for an audit. They can make sure that you are prepared to provide all of the documents that the auditor will require. Read More 

First-Time Filer? 4 Common Mistakes To Avoid When Doing Your Taxes

Preparing to file your first tax return on your own can be a daunting idea. But even though you may have heard horror stories about taxes, the truth is that you're unlikely to have such difficulty and are more likely to realize that it's truly not that bad. The key is to avoid making a few rookie mistakes. Here is a list of 4 of the most common -- and most easily avoidable. Read More