self employment and taxes - what do you do?

Posted on: 5 July 2022

Most business owners know that bookkeeping is important, but many don't realize just how easy it is to make mistakes that can jeopardize their business. To help you avoid making these same mistakes, here are five common ones that professionals see often. 1. Not Staying Organized One of the most important parts of bookkeeping is staying organized. This means having a system in place for tracking income and expenses, as well as keeping receipts and other documentation neatly sorted and filed away. [Read More]

Posted on: 3 May 2022

Bookkeeping is a critical task for any business, but it can be difficult to keep track of everything when you're working on your own. That's where online bookkeeping comes in; this service can take the hassle out of tracking your finances and leave you with more time to focus on your business. Here are just a few of the benefits of online bookkeeping.  1. Convenience In today's fast-paced world, convenience is key. [Read More]

Posted on: 10 March 2022

As your small business grows, one key component of understanding its books, creating reliable financial statements, and knowing how much you're actually making in profit is the accounting chart of accounts. What is a chart of accounts? And how does it help you as a business owner or entrepreneur? Here's what you need to know. What Is a Chart of Accounts?    The chart of accounts is, at its most basic, a list of all the various types of assets and liabilities your company holds. [Read More]

Posted on: 19 January 2022

While paying taxes is a patriotic duty, you shouldn't have to pay more than your fair share. Tax liabilities can build up quite fast if you prepare your taxes incorrectly. They can drag both personal and business finances down. A good tax preparation service can help reduce your tax burden at the local, state, and federal levels. You exploit legal loopholes to bring down your tax liabilities in income, employment, and capital gains taxes. [Read More]