A bookkeeper records your daily transactions, reconciles your accounts and keeps your books current. A CPA is a state-licensed professional who has passed the four-part Uniform CPA Exam and can plan your taxes, review your financials and represent you before the IRS....
Most small businesses need a professional bookkeeper once they add payroll, collect sales tax, or spend more than 5 hours a month on their books. Another clear sign is falling more than 30 days behind on reconciling your bank accounts. A bookkeeper keeps your records...
Switching your bookkeeping to a professional team takes three steps. First comes an honest, no-judgment review of your current books. Next is a handoff where the accounting team does the cleanup and setup. Last, you get a short list of approvals. The best time to...
Proactive bookkeeping means closing your books every month, not once a year. Reconcile your accounts, categorize your transactions, and review your financial statements with your CPA within 15 to 20 days after each month ends. Businesses that wait until March, just...
A tax return only reports decisions you already made – a proactive tax strategy creates them. Business owners who plan ahead can deduct up to $1,250,000 in equipment purchases under Section 179, claim a 20% deduction on qualified business income, and contribute...
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