Why You Should Consider Engaging Professional Tax Preparation Services
19 February 2021
There are many tax obligations for businesses across the board. One of them is filing the annual income tax return. Filing income tax is not smooth sailing, whether you are a startup or a well-established organization. Without proper knowledge and experience, you can easily make grievous and costly errors during the tax preparation processes. Some of the common mistakes that business owners make include keeping wrong records of their expenses and incomes, filing their income tax returns late, and underpaying their estimated annual taxes.
Joining A Partnership? How You Will Report Your Income
25 November 2020
Are you forming a partnership with others to start a business? A partnership offers a great opportunity to be your own boss while still sharing the load with others who bring their own talents to the table. But your income tax reporting obligations will change, and much more of the burden will be on you as an individual and your business. What can you expect regarding how and when to report your income for taxation and how your partnership will affect your personal taxes?
4 Important Accounting Tips For Startups
3 September 2020
If you are in the process of starting up a business, you need to make sure that you spend just as much time setting up the financial side of your business as you do setting up and developing the idea behind your business. Taking care of the accounting side of your business is necessary if you want your business to thrive.
Accounting Startup Tip #1: Get Up to Date on the Law
4 Ways Outsourcing Bookkeeping Can Help Your Business Grow
7 January 2020
As an artist running a small business, it is not uncommon to always feel like you are busy, which is why you need to really prioritize how you spend your time. If finances are not your strong point, you should outsource your bookkeeping to a professional bookkeeper. This will give you some of your time back and allow you to focus on creating the art needed to keep your small operation afloat.