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Bookkeeping is one of those tasks that small business owners love to hate. It’s a necessary evil; keeping on top of your books provides a number of benefits, but the lure of those benefits often simply doesn’t outweigh the tedium. So, for many small business owners, small business accounting updates happen once a year – in the mad scramble to get your taxes prepared.

Falling behind on your bookkeeping creates a number of problems. You need to understand the consequences of falling behind and take action today to get on top of your books and stay on top of them.

Here are some reasons you don’t want to get behind on your small business accounting:

• You Simply Don’t Know Read more →

As a hard-working honest business owner, you do your best to pay your taxes, but no more than you have to. You’re more than willing to pay your fair share, but you also know that you won’t be paying anything if your business isn’t profitable. So, choosing a tax preparer to identify areas of potential savings, and to make sure you’re getting all of the credits and deductions to which you’re entitled is crucial.

Yet sometimes your tax preparer puts you in danger. It could be that they’re being outright dishonest and providing the IRS with false information. In other cases, it could be a case of simple ignorance or human error. You need to be sure your tax professional … Read more →

If you’re like most owners, small business bookkeeping is one of those tasks you’d prefer to just get over with. It feels like a distraction from the real work of running your business. While you know it’s necessary, you also don’t want to spend more time and resources on bookkeeping than what’s absolutely necessary.

That’s why you need to make sure your small business bookkeeping practices are as efficient as they can be.

Here are some tips you can begin implementing today that will streamline your bookkeeping process and help make sure you reap the benefits:

Use the right accounting system for your small business bookkeeping. It’s easy to just go with either the easiest possible system or the system… Read more →

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