keeping your business finances in good order

FAQ About Hiring An Accountant For Business Finances

Did you open a business that is earning you a substantial amount of income? The wisest thing that you can do financially is hire a tax accountant to assist with various aspects of your business. You must keep in mind that you can get audited by the Internal Revenue Service (IRS) and end up in legal trouble if inaccurate calculations are on your income tax return. Below, you will discover why hiring an accountant is a good thing to do for managing your business finances. Read More 

Claiming A Net Operating Loss For A Sole Proprietor

An operating loss on self-employment income is usually offset by income gains in other areas. However, the loss is sometimes greater than all other sources of income combined. Self-employed individuals with a net operating loss can sometimes use the loss to offset income from other years and receive refunds or tax reductions. A loss on self-employment activity is reported as a negative figure on Form 1040. Other income sources are likely to be entered as positive figures on Form 1040. Read More 

3 Attributes To Look For In The Most Qualified Small Business Consultatnt

Even though your business is small, it definitely does not mean that guidance will not be important. You may think that you have a good understanding and plan for the future growth of your business, but just a few consultations with a business consultant can help bring an extra layer of knowledge and insight to the table. A business consultant can help your small business with everything from developing a working business model to helping you map out expenses. Read More 

Tips For Protecting Your Company’s Cash Handling Processes

One challenge for many small business owners is understanding the financial reporting aspect of the business. It is important to have a comprehensive picture of where your money is going and who's handling it. The accounting procedures you put in place will be key to this, but you still have to be sure that everything is accurate. To do this, you need to have controls in place with your accountants to ensure that everything is being done according to plan. Read More 

Reduce Errors, Time And Stress: 5 Tips For Proficient Payroll Handling

Payroll is an integral part of your business. It can often be complex, but it is necessary in order for your company to run successfully. It can become less of a frightening task if you look for ways in which you can reduce time, stress and errors related to the processing of payroll. No matter how large or small your company is, here are five tips to help you get the ball rolling on a smooth, proficient payroll system: Read More