Now that year end and tax season is over, it’s time to sit down and review your books and plans for the next year. I love tax time but not for the reasons you may expect. I love it because it gives me a chance to connect with my clients (I’m a virtual bookkeeper specializing in bookkeeping for Internet Marketers) and help them implement some simple tricks and strategize to help get their books in shape.
Tips On How Your Bookkeeper Can Reduce Your Taxes By Hundreds Of Dollars
Standard monthly expenses for your Business are transferred from you to your Tax Professional to be put on your Schedule C. No problem, most people get this part right. Its the thousands of dollars in miscellaneous receipts that many people forget when under the haze of tax season. These miscellaneous expenditures can save a small business owner hundreds if not thousands of dollars in tax liabilities. Examples:
1. Advertising Cost The standard deductions are always ther…
3 Ways A Professional Bookkeeper Will Save You $$$
Some small and medium business (SME) owners try to do their own accounts or they may employee a bookkeeper directly. This can be fine if you are lucky enough to recruit a good bookkeeper directly, however unless you have an accounting background and a thorough understanding of the accounting software involved, it can be difficult to know what questions to ask at the interview process.
Get To Know The Bookkeeping Basics
Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business.
Should I Register for VAT?
Those setting up a new business sometimes think they cannot register for VAT until they have reached a certain turnover (wrong), others feel the last thing they want to do is register for VAT, its just more admin and more tax isn’t it?
VAT Flat Rate Scheme
The Flat Rate Scheme was introduced as an easy way for small businesses to calculate their VAT liability.
Should any company has to disclose its financial activity to any outsourcing Company (INDIA)????
As Outsourcing Bookkeeping Services has their own expertise the qualitative and satisfactory results are 100% guaranteed!!!
Outsourcing Myths Shattered: My Personal Experience!
Outsourcing has great benefits. However till you have undertaken the process you will not come to know about its true worth. So go ahead and outsource your work and see how your business progresses.
Knowing When to Hire a Bookkeeper
Do you love the thought of handling the financial books for your business? For most of us, unless you do bookkeeping for a living, the answer to that question is probably no.
Virtual Assistants A New Breed of Work at Home Entrepreneurs
With the latest technologies, the rapid growth of the Internet, and the business community recognizing the benefits of partnering with a qualified virtual assistant, the virtual revolution has begun.