Tax Resources

As your business grows, it quickly becomes apparent that you can’t do everything on your own. There simply aren’t enough hours in the day to do all of the sales, marketing, payroll, bookkeeping and the actual work your company performs. It isn’t too long before a growing business needs to be able to hand off some business functions to someone else in order to keep growing.

One of the first areas to go is usually accounting services. Many small business owners simply don’t enjoy this task, and others just don’t have the time. One of the big decisions you’ve got to make is whether you want to hire an accountant or bookkeeper, or whether you want to use outsourced … Read more →

Part of running a successful business is recognizing which functions to do yourself, and which to hire out for. Taxes are one of the first areas that small business owners tend to look for additional help. You hire a tax accountant for one primary reason: you don’t want to pay more on your taxes than what is absolutely necessary.

Yet, the fact of the matter is that your tax accountant may not be doing the best possible job on your behalf. Most tax professionals don’t work proactively, and that costs you money at tax time. There are three reasons why some tax professionals don’t work proactively:

1. They don’t work on a year-round contract.

If you only meet with your … Read more →

Chances are you run a business because you’re good at something and you like doing it, not because you enjoy filing receipts and entering accounting information. Yet, if you don’t take the time to keep your books current, you’re really hurting yourself. Not only will you have some serious headaches come tax time, but you also won’t really know how well your business is doing.

That said, you don’t want to spend more time working with the numbers than what’s absolutely necessary. Here are a few ways you can cut down on the busywork portion of bookkeeping and get back to doing what you do best:

Use a reliable accounting software package. There is a slight learning curve with implementing… Read more →

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