25 February 2021
Owning a business is among the most rewarding experiences because you become your own boss. On the flip side, this comes with many duties and responsibilities, from invoice preparations to analyzing financial data. Considering that you are in business, handling financial matters yourself might seem a good decision. But that's not right because you probably don't have the relevant knowledge and skills. Unfortunately, overlooking the slightest detail can create a big financial mess, and rectifying the problem can be costly.
4 December 2020
Freelancing comes with many benefits, but it can present a lot of challenges during tax time. As with any other business, freelancing is subject to taxation by the federal government. Failure to file your taxes on time or underpaying your taxes can result in fines and penalties. So how do you prepare for the tax period and avoid the challenges associated with it? Below are some crucial tips for your freelance business.
17 September 2020
If you've been considering a career in accounting and now have to choose between working as a public accountant or taking a private accounting job, you might be wondering which one is really the best choice. The fact is that there are some marked differences between these two paths, and there are many reasons why working as a public accountant may be a better option for you. Here are some of the reasons to consider working in public accounting.
12 June 2020
When it comes to your business, you may find a lot of joy in what you do. When it comes to tax matters, however, that may be another story. Tax issues can really create a huge burden on business owners. Not addressing tax issues quickly and with the right professional help could lead to the problems getting worse. Making sure you are avoiding any tax issues should involve the help of a tax consultant accountant.
21 November 2019
Ask any business owner what it is that is most important to them, and they will likely tell you that future growth is a top priority. Yet most business owners struggle to get there on their own. Hiring a business advisory firm for help when you need more clearly outlined future growth is always a good idea. Take a look at some of the ways your chosen professional firm can help you out.
30 August 2019
The expense of starting a new business can be daunting. To help offset some of those costs, the IRS allows new businesses — partnerships and incorporated companies alike — to take deductions against their income tax obligations. How can you claim these deductions? And what should you know about them? Here's a short guide to deductible start-up expenses. What is a Start-Up Expense? There are basically two categories of what is generally considered 'start-up expenses'.
24 June 2019
Payroll is a necessary task for any business with employees. However, payroll processing can be very laborious task if you don't have everything set up correctly for the payroll processing process. Taking some time to arrange your payroll processing, and getting some outside assistance with the process, can make your life a little easier. Arrange for Direct Deposit One of the most laborious parts of paying employees involves actually printing out the checks, then handing out the checks to the employees, either in person or via the mail.