Things are about to get busy. Very busy. Whether you work for a big (or small) company, or you own your own business, the last couple of months of each year can be quite hectic as you plan for the holidays. This time of year, you’re either buying gifts and spending money on festive activities,…
October can be a hectic page on the calendar for an accounting and tax firm, with the mid-month “second deadline” for filing the previous year’s taxes for individuals and sole proprietors… not to mention forward-looking tax planning, routine bookkeeping, and all the usual work we accountants do for our clients. This year, October was busier…
As you undoubtedly know if you’ve filed extensions, we’re coming down to the very last minute on getting 2018 tax filings completed. Many sole-proprietor businesses and individuals have settled into a relative routine of filing their taxes during the “second season,” which typically means getting things buttoned-up and submitted by October 15. This year is…
As a business owner, you probably appreciate the wisdom in engaging the services of a professional firm for your company’s accounting and tax needs. And the very-best accounting firms offer a full range of services, from start-up to exit strategy, and everything in between. Bookkeeping… periodic financial reporting that drives key business decisions… tax planning…
When you think of the relationship you have with your accounting firm, do you think of anything besides help with your periodic tax filings? Does that relationship also bring other kinds of help to your business, such as ongoing bookkeeping services, forward-looking financial advice, or even exit strategy and retirement planning? If you really think…
If you have a dynamite CPA helping your business, you know you can rely on that person for far more than the periodic tax filings required of your company. Your great accountant thinks about your whole business, all year long (not just at tax time). You don’t have to think about it: whenever you have…
Paying taxes is probably nobody’s favorite chore. Of course, your professional accounting firm can do a lot to help ease the burden by ensuring you minimize your tax liability and manage your cash-flow to meet your firm’s tax requirements. But it’s generally still not a lot of fun. That said, a business owner can find…
Tax Season Is Over… For Now … But Many Businesses Have More Than One “Tax Season” As you might expect, there’s a predictable rhythm – a “seasonality” – associated with the accounting business. There’s the mad rush to get personal (and many business) income tax returns filed by the annual mid-April filing deadline… a rush…
In a word, “Yes!” In fact, your accountant may well be the smartest person you know, and there are several reasons. First, like lawyers and doctors, accountants offer their services as part of a “professional service firm,” and as such, they’re required to undergo years of rigorous training and education… and they’re subject to scrutiny…
Ever wonder how some professional service firms stay in business, given the poor service they provide for their clients? There are many good consultants, attorneys, accountants, and other professionals out there… but there are many others who seem to have forgotten that their clients are the reason they’re in business… not a burden to be…