5 Common Boookkeeping Problems At Small Businesses
Posted on:
7 March 2023
Bookkeeping issues can cause major problems for businesses of all sizes. Many small businesses, though, have issues because they are new or don't seem to have big needs. Good bookkeeping can be the difference between turning a profit and filing for bankruptcy, though. You want to identify these five problems to ensure that your operation will run at its best.
Failing to Segregate Accounts
Especially if a business started out as a hobby or just one person doing something, there is often a mingling of money in personal and company accounts.
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Business Tax Preparation Services: Maximizing Deductibles And Avoiding Audits
Posted on:
5 January 2023
Tax time can be stressful for small businesses. When it comes to business tax preparation services, you need to work with experienced and licensed professionals who are willing to customize your tax return. These services can include preparing and submitting tax returns, calculating tax liabilities, and advising businesses on how to minimize their tax burden through tax planning and compliance.
Here are a few steps your small business can tax to maximize deductions and avoid audits:
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5 Reasons To Seek Professional Tax Preparation Assistance To Avoid Errors In Figuring Credits Or Deductions
Posted on:
22 November 2022
Filing taxes can be a confusing and daunting process. Even if you've been filing your own taxes for years, there are always complicated tax laws to understand and deductions or credits that you may have overlooked. That's why it can be beneficial to seek the help of a professional when preparing your taxes—not only can they ensure that your taxes are accurate, but they can also make sure that you take advantage of all available deductions and credits.
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Income, Sales, And Payroll Taxes — Their Effect On Financial Statements
Posted on:
25 August 2022
Taxes are an unfortunate but necessary part of doing business. One key part of managing them is to understand how your past, current, and future taxes affect the financial statements and your business's books.
To help you know where your money is going and avoid problems with the IRS, here are a few key things to know about sales, income, and payroll taxes in your bookkeeping.
1. Sales and Use Taxes
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