Small Business Accounting Tips
As a small business owner, you know that proper accounting is essential to the success of your business. Unfortunately, accounting is often one of the most neglected aspects of running a business. To help you stay on top of your finances, here are some small business accounting tips to keep in mind.
Bookkeeping Best Practices
Small business owners wear many hats, and bookkeeping is one of the most crucial responsibilities they have. Proper bookkeeping helps small business owners track their finances, make informed decisions, and comply with tax regulations. In this blog, we'll take a look at some of the best practices for small business bookkeeping.
Tax Reminders Before Filing
Tax season is in full swing and the deadline on April 18th is quickly approaching! With the right planning and research, filing taxes doesn’t have to be a headache.
Everything You Need to File Your Taxes
Tax season can be a stressful and overwhelming time of year. With the right preparation, though, you can make the process of filing your taxes much easier. Here are a few things to consider when getting ready to file your taxes.
2023 Tax Changes
With tax season is coming up, it’s time to check in on any changes that might affect your small business or family and prepare for the season. We’ve compiled a few recent and important updates from the IRS for your knowledge here.
Year-End Accounting Checklist
Can you believe we have reached the end of the year? Before we jump into the new year, it’s important to review this past one with a year-end account checklist. Check out our year-end accounting checklist.
How Much Should I Spend on Christmas?
Budgeting for Christmas doesn’t have to be a dread; with proper planning, it can be easy and stress free! Check out our tips on planning and budgeting for Christmas.
Must Know Facts About PTO for Employers
Are you a business owner? You might be wondering how to appropriately give time off to your employees. We’re here to help!
Startup Cost: How Much Does It Take to Start a Business?
Starting your own small business is an exciting time full of potential! You’re finally taking the leap and going for it! With all the excitement that comes along with starting your own business, there’s a lot of specifics you have to plan, like how much does it take to start?
5 Tips on How to Budget
Budgeting can be confusing and daunting when you’re looking at it for the first time. It’s hard to know how much to save, how much should you spend, are there areas where too much money is going out the door. Of course, we are happy to assist you in creating a personal budget, but if you’d like to create one yourself, here are some tips!
Calculating Tax On A W-9 Income
Taxes are stressful, let’s just be honest. For many independent contract workers or business owners, taxes can become even more of a stress factor. Though tax season is done, it’s never too late to start preparing for the next tax season so that you aren’t taken back by any financial surprises.
If you are on a w-9 income, here is everything you need to know about calculating your taxes
How Will A Recession Affect My finances?
With talks of a recession hitting the U.S. soon, you may be wondering how it will affect your finances? While there might not be anything we can fully do to change our economic situation, there are ways that we can prepare and protect ourselves during a recession.
Filing Jointly For The First Time
When you get married there are so many things that you have to learn to do that you didn’t when you were single. It can be overwhelming, but we are here to make it as easy as can be. Here are a few things to consider when filing jointly for the first time.
Why To Hire A Tax Professional?
Let’s be honest, taxes can get the best of anyone’s stress level. That’s why we are here to keep you stress free knowing that everything is under control. If you are considering hiring someone to take care of your taxes here are a few reasons why we highly recommend it.
Business Help in Newark, Ohio
Ohio is quickly growing not only as a state, but also as a business hub. That’s why Solutions Bookkeeping has placed itself in the heart of Newark to better serve the business men and women of Ohio.
8 Benefits of Remote Bookkeeping Assistance
Professional Expertise – Avoid costly errors by relying on a well educated and properly trained professional bookkeeper who isn’t in need of “on the job” training.
Year-End Business Planning Checklist
Prepare Your Key Financial Documents:
–Income Statement – Shows the Yearly Revenue, Expenses & Profit. Confirm the accuracy of each line item of this report to ensure that you’re not overstating income and eliminate all “red flags” to avoid a possible tax audit.
“Red Flags” that may Trigger a Tax Audit
Filing Late In addition to penalty fees, filing late can trigger unwanted attention from the IRS. It’s never too early to start the process of ensuring that your financial books are accurate for tax filings.
Solutions Bookkeeping Plus FAQ’s
Can you assist us with converting our books from Quickbooks Desktop to Quickbooks Online?
Yes, we’ve assisted numerous businesses to not only make the switch but also ensure that they feel confident using the new Quickbooks Online platform.
Does my business need Fractional Bookkeeping?
The answer is probably “yes” if the answer is “yes” to any of the following questions: