The Four Categories Of A General Ledger
6 February 2019
Financial organization is a key component in the management of any successful business. Many small business owners can be overwhelmed by the day-to-day tracking of financial transactions, but establishing a comprehensive way to capture each transaction will help you make your business more profitable over time.
If you haven't already set up a general ledger for your business, you should make this a top priority. General ledgers provide a comprehensive look at the financial health of your business and help ensure consistency in your bookkeeping services.
5 Reasons To Hire A Tax Prep Pro
16 November 2018
When it comes time to handle taxes during tax season, many individuals and families get stressed out. It takes a lot of time and work to handle taxes and it can be very confusing to the average person. Instead of getting anxious and waiting until the last minute to handle your affairs, it can pay to hire a professional. They can guide you every step of the way as you gather your documents and they can file your taxes for you!
Hiring A Family Member? How It Might Benefit You Both
30 September 2018
Hiring family members to help with your small business can be a way to draw everyone together with a common goal or get your kids a more solid start in their working life. But it may also be fraught with challenge when it comes to following the legal and tax requirements.
To help you find your way through this special employee process, here are the basic tax consequences of hiring your child, your parent, and your spouse.
3 Steps To Take In Your 30s To Protect Your Financial Future
25 July 2018
Being able to take care of yourself after you retire starts by making smart financial decisions in your 30s. During your 30s, there are various financial goals that you should aim to meet that will put you on a path towards a positive financial future.
#1 Develop an Emergency Savings
Ideally, in your 20s, you built up a small emergency savings that cover at least one-month worth of expenses, and ideally, up to three months' worth of expenses.