Accountants Help Small Business Owners

Posted on: 20 August 2021

As the owner of a busy contracting company, you may spend much of your typical day handling pressing tasks, such as answering customer calls and overseeing your employees. You do not have time left over to handle smaller tasks, such as taking care of the book for your company. At the same time, you cannot simply allow your books to become outdated or disorganized. Instead, you can outsource their handling to a third-party service industry bookkeeping service. [Read More]

Posted on: 23 July 2021

Has your thriving small business resulted in a higher income and a higher tax bill for you? While small business owners can use a few common tax planning tools, such as managing their business deductions, one tool could help you at both a business level and an individual level, and that is deferred compensation. Here's how it can help lower your overall tax bill.  1. Defer More With Retirement Plans [Read More]

Posted on: 5 May 2021

As a small business, keeping track of your income should be important. Having good records is essential for your business success. That is why you need to know what to keep track of and how to do so. 1. Track Income Cash Flow You need to track the income that comes into your business and identify what type of income you are dealing with. Income from a loan, for example, is not going to be taxed like your revenue from your sales. [Read More]

Posted on: 26 February 2021

With all of your daily commitments, you may not have much time to sit down and balance your checkbook at the end of the week. Still, you also cannot let your bank accounts go into the red or spend more money than you have on hand in your budget. To learn how to remain in control of your money, you can rely on the advice of a third-party, objective accountant. You can incorporate financial consulting into the accounting services that you retain for managing your household's expenses. [Read More]