Tax planning and tax prep are two services that are often confused, used interchangeably, and not services that every bookkeeper provides. This blog post is going to dive into the 3 main differences between the two so you can focus on the exact services your business needs. The first major difference is this: Planning is just as it sounds – planning your business expenses and investments
Proper bookkeeping is a critical aspect of business operations. Accurate accounting not only allows for quick decision making but also helps with staying on budget and avoid overpaying on taxes. Who do you get to help you with this? A bookkeeper! Here are 10 tasks that a bookkeeper can do for your business: Record financial transactions Reconcile cash accounts Accounts receivable and accounts payable management Account
When it’s time to hand off your books to a pro, there are a few pieces of paperwork you’ll need to provide. These are vital financial documents your bookkeeper will need to get you started off on the right foot. These documents will also be important when it comes to tax time, so getting ahead of the curve is the best way to stay fully prepared.
How can you make more money in your business without doing more work? No, it’s not a pipe dream. It’s completely possible and you probably already have the tools in place to get started. Don’t worry, this isn’t a clickbait article. Here are 3 things YOU can implement today and make more money in your business! 1. Recommend programs you use to clients with an affiliate
Every decision you make in business has a financial consequence. Some consequences are good, and some can impact you from scaling to the profit levels you’re hoping for. Keeping your books in order and knowing where your business stands financially allows you to make smart business decisions, be confident that you’re profitable and will enable you to do what you do best: grow your small business!
Balanced Ledger Blog
Your trusted resource for small business bookkeeping + profit growth