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Accessing Your Small Business Success


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Accessing Your Small Business Success

A couple of years ago, I decided to abandon a long, unsuccessful job search. After many months of desperately looking for the perfect job, I chose to start a home based business. Because I’d never been an entrepreneur before, I was more than a little anxious. I was excited as well. Thankfully, I’ve enjoyed success in my new business venture. At the end of every month and year, I carefully analyze my revenues. Because I have a background in accounting, I know how to calculate various financial statement ratios that help me determine how my business is doing on many different levels. If you’re a struggling small business owner, consider hiring an accountant to help you access the success of your business. On this blog, you will learn the types of consulting services an accountant can offer a small business owner.

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3 Signs You Need Tax Preparation Help

Tax preparation is a complicated process that requires a lot of knowledge and experience. If you are tired of doing your taxes every year, it might be time to find help. There are plenty of tax preparation services out there that can do the work for you. Here are three signs that it's time to bring in professional help. 1. Your Company Has Challenging Tax Returns If your company has a complicated tax return, you might need to hire an outside agency for assistance. Read More 

Why Bookkeepers Strongly Recommend Using Internal Controls

One of the main reasons for relying on bookkeeping professionals to help you keep tabs on your accounts is to prevent mistakes or improprieties. Even in an environment where everyone means well, there is a risk that your books could get out of sorts to the point of an ethical or legal breach. How do you prevent something this bad from happening? Many bookkeeping services providers strongly encourage their clients to implement internal controls. Read More 

Tax Preparation Tips For Senior Citizens

Taxes must be thought about year-round. Tax season is stressful for everyone, but it can be particularly taxing for the older generation. The good news is that taxes can be easily navigated with a little bit of preparation. Here are a few tips to keep in mind as you approach your taxes as a senior citizen. Know What You Are Entitled To There are certain tax benefits that are available to individuals who are 65 years of age and older. Read More 

Tax Prep Services: What Every Taxpayer Needs To Know

Many taxpayers, if not all, experience anxiety whenever tax filing season is around the corner. This comes as no surprise because filing taxes is a complex matter that requires adherence to strict codes and procedures. Things get more complicated if you have numerous revenue sources or perhaps bought property in the fiscal year. The good news is that tax preparation services can make the process straightforward. Sure, these services come at a fee, but the cost is more than worth it when you factor in the benefits. Read More 

3 Ways To Make Your Accountant’s Work Easier And Less Expensive

The work of an accountant is a wise investment for any small business. But you can keep that investment as inexpensive as possible and as useful as possible by making a few moves as the business owner. What are some of these smart moves anyone can do to help their accountant do their job efficiently? Try a few of these within your organization.  1. Train Others in Accounting Do others in your business know the basics of accounting? Read More