by Bobbie Witt | Nov 13, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Home Page Blog, Profit First, Small Business, tax tips
Do you want to avoid paying more than you should come tax time? Or a frantic last-minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit...
by Bobbie Witt | Nov 11, 2019 | Articles, Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
TRACKING SALES, earnings, expenses, and purchases are fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges and set attainable future goals....
by Bobbie Witt | Nov 7, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Home Page Blog, tax tips
In addition to the 1099 filings being more complicated for 2018, employer 1099s are under more scrutiny. The main reason is that IRS believes that there are a lot of Independent Contractors not reporting correct earnings resulting in not enough income tax being...
by Bobbie Witt | Nov 5, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of the small businesses pass the five-year mark, and a mere...
by Bobbie Witt | Oct 24, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Small Business, tax tips
Everywhere, accounting firms diligently protect their clients’ best financial interests through consultation, employment tax preparation, annual tax returns, balance sheet and P&L review, and company audits. Frequently, the issue of “accounts receivable” might...
by Bobbie Witt | Oct 22, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Small Business, tax tips
Keeping an eye on the following areas will help keep under others’ control. You might be recording all of your company’s or client’s expenses, but you probably don’t control them. Below you will find some tips to help you with Trimming Expenses for your business...
