Does your current bookkeeper act like your business manager? Is she or he based locally and easy to reach? Does your current bookkeeper care about the success of your business? All three answers should be YES! Here is how to choose your bookkeeper and have them be your business manager. 1. Set up in-person meetings During [...]
The deadline for providing W-2 forms to employees and 1099-MISC forms to contractors and other workers for 2019 is January 31, 2020. The IRS has increased penalties for filing late. If you use independent contractors to perform services for your business and you pay them $600 or more for the year, you are required to issue [...]
As we get closer to year-end, most businesses will begin thinking about “taxes” — one of the most dreaded words in small business. If you start thinking about your bookkeeping and taxes in January, it’s too late. Updating your bookkeeping and reviewing your financials prior to year-end is very important so you may do something about [...]
As a small business owner, you may think that hiring a bookkeeper is unnecessary and you could simply do it yourself. However, in the long run, it might end up costing you more money, create distractions and build frustration. Hiring a bookkeeper to help you is not only affordable, it makes a lot of business sense. [...]
It's that time of year again that so many people dread. Many avoid organizing the paperwork, receipt gathering, account reconciliation, updating the accounting software. We get it! At YourBizManager, we make sure all the work gets done on time and efficiently. Just contact us right now for a Free Consultation. At the same time, it is very important to [...]
If you’re considering bookkeeping or other financial services, words such as “bookkeeper,” “accountant” and “CPA” are often used interchangeably to refer to financial professionals. However, there are important differences between these roles and understanding those differences will help you determine who can provide you with the most cost-effective results. The Role of a Bookkeeper A bookkeeper [...]
As we get closer to year-end, most businesses will begin thinking about “taxes” — one of the most dreaded words in small business. If you start thinking about your bookkeeping and taxes in January, it’s too late. Updating your bookkeeping and reviewing your financials prior to year-end is very important so you may do something about [...]
You need to prepare for year-end tax planning well before year-end. Tax planning strategy done early can pay dividends. The end of the year is the time for getting your bookkeeping completed and to plan to advance your business to the next level. With some careful tax planning, you could end up pocketing some cash. You [...]
