Finally tax day has come and gone, and now my brain can vacate for a few days. It’s been a busy few weeks but was well worth it. Now to relax into a more steady work schedule.
I can never say this enough having your accounts in order whether they’re done by you or a bookkeeper/accountant, it’s so much easier when it comes to taxes and annual accounts. Doing your accounts ever month, every quarter or even six months will be beneficial to you the business owner/independent contractor in that it helps you keep track of what your income and expenses are. It also lessens the stress when it comes to doing your annual accounts and your profit and loss statements and other reports that you need at the end of your financial year.
So if you haven’t done your first quarter accounting, now would be a good time to get it done or hire a bookkeeper to do it for you.
Enjoy the week.
Althea – VYPA
It’s Spring and already a very busy year for many of us. In the States we all know that it’s tax season and you’re either getting your accounts in order, or have passed our receipts, statements, etc., on to our CPA or tax preparer for tax purposes, or for those of you who are able have already done it yourself. For those of you who haven’t done your taxes yet, the deadline is Tuesday April 18, less than four weeks away.
It’s March and as my work schedule begins to slow down to normal I have an observation that I’m sure many small business owners might have been struggling with, how to track all your business accounts and expenses, and keep my business accounting accurate. Over the next few weeks I will be looking at some tips, options and solutions available for the small business owner to utilize to help make their accounting less stressful and more accurate, and hopefully by the end of the series will prove helpful to a few people out there.
So until the first installment in the upcoming blog series, Small Business Solutions, enjoy spring and brighten up your surroundings with some beautiful flowers. Have a wonderful day.
In this article by Dean Bassal it looks at what you should look for when choosing a bookkeeper for your business.
Bookkeepers are an integral part of any business and at some point we all need to choose one. The article below by Dean Bassal gives you a good start in looking for the right bookkeeper for you. Have a read.
As the owner of a business, you are constantly pushing yourself to perform to the best of your abilities. You invest in the best quality goods and services you can, in order to provide the best service or product to your customers.
So, when it comes to ensuring that you are keeping on top of your finances, you need to ensure you get the best from the person you hire to be your bookkeeper.
The majority of firms hire a bookkeeper to keep an accurate and up-to-date record of all of their financial transactions in preparation for producing annual tax reports. Getting this right is crucial, so you need to make sure properly qualified, registered bookkeepers are hired to do this on your behalf.
So, how do you choose and use the services of a bookkeeper?
You need to think about a few factors to ensure that you have a successful relationship with your bookkeeper.
It’s important to consider carefully what role they will play within your business, and what responsibilities you are going to give them. In the same way you would set out a job description for a particular employment role, you can set out the criteria you require for a bookkeeper.
Checklist: Choosing the right bookkeeper for your business
- Listen up—make sure it’s a two-way conversation
- Be clear about the services you need
- Arrange a face-to-face meeting
- Check their knowledge, understanding, and qualifications
- Make sure they have the personal skills for the job
- Choose a bookkeeper who is able to look at your business as a whole
- Pick someone tech savvy
- Ensure that they are ready for the commitment to your business
Click here to read the entire article.