Tax Resources

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 →

Your small business runs on the principle of efficiency. You work hard, and you do what you can to make sure everything goes smoothly. You provide a quality product or service to your client, and you accept a reasonable fee for doing so.

Yet, there are some aspects to running a business that business owners just seem to get wrong. Most of us aren’t accountants, for example, which means we make lots of accounting errors.

Fortunately, there are some things you can do to identify those mistakes and to keep them from happening.

Here are some of the most common small business accounting errors:

Doing it yourself. Some business owners have a background in accounting, or they’re in a business… Read more →

An integral part of your success in a startup business is making sure you’re in a good place from the tax perspective. You need to be able to get through that first couple of years without a heavy tax burden, and reaping the benefits of having a business loss. Once your company is turning a solid profit, things will change, of course.

Here are some important new business tips to keep in mind as you plan the tax strategy for your business:

New Business Tips- #1. The first and most important tax decision you make is your new business structure.

When you’re first starting a new business, you need to choose what legal entity your business will use. You’re looking … Read more →

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