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Have you started work as a freelancer but haven't filed your taxes by yourself before? Learn how an accountant can help handle your finances.

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The Importance of Using An Accountant

When I started working from home as a freelance contractor, I knew that I was going to need to figure out how to file my taxes. I started paying close attention to my expenditures, and I decided to work with a professional to do my taxes. I was really happy that I had decided to work with a professional after filing for the first time. My accountant helped me to write off some of my expenses, and it was great to see how much I was able to save. This blog is all about the importance of using a professional accountant, and how it can help you.

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3 Common Tax Mistakes for Business Owners and How to Avoid Them

7 June 2022
 Categories:
, Blog

Within any given year, there are several tax issues that can impact business owners. If these issues aren't handled properly, it can lead to problems with the IRS and significant penalties. This post discusses three common tax mistakes that business owners should avoid. Filing Taxes Late Late filing can happen for many reasons, such as not having all the necessary documentation or simply forgetting to file. There's no penalty for filing late if you're expecting a refund. Read More …

Categorizing Accounting Expenses — 3 Pitfalls to Avoid

6 April 2022
 Categories: , Blog

Categorizing your accounting transactions is an important part of keeping accurate books that are useful to you and which follow good standards. But what pitfalls should you avoid as you create categories and charts of accounts for your business? Here are a few of the most common.  Categories Too Broad Many companies start out using the standardized expense categories provided with their accounting software. While these are a good place to begin, they are a one-size-fits-all approach. Read More …

Six Things Custom Home Builders Shouldn’t Assume About Their Bookkeeping Needs

22 February 2022
 Categories: , Blog

Custom home builders need to keep up with bookkeeping tasks to make sure that issues like their cash flow and tax payments are properly managed and organized. It's important to avoid mistakes and misinformation as a custom home builder when making decisions about carrying out bookkeeping tasks. The following are six things that custom home builders shouldn't assume about their bookkeeping needs.  Custom home builders should do their own bookkeeping to cut overhead costs Read More …

Business Tax Preparation: See How You Can Make It Much Simpler

29 December 2021
 Categories: , Blog

Many people want to run their own businesses because it comes with numerous benefits. To begin with, you have total control over work schedules, and you can hire anyone you want to hire. However, it's also good to appreciate that running your own company or business also comes with some less enjoyable responsibilities like paying taxes. Tax preparation is critical, but it's not a fun activity for many business owners. However, it shouldn't be a big issue for you because a tax accountant can help you prepare for the tax season. Read More …

What Hospitals Stand To Gain By Outsourcing Accounting Services

26 October 2021
 Categories: , Blog

Accounting is a crucial part of any business and can influence its level of success. Using proper bookkeeping methods ensures accuracy and efficiency in reporting and management of the organization's finances. Any business running smoothly and systematically is more likely to make profits than those facing accounting issues. A hospital's accounting needs are different from those of other businesses and require specialized accountants. These accountants use proper financial management and data security solutions that are unique to the health industry. Read More …