3 Benefits Of Online Bookkeeping Solutions For Your Service Business

A vast number of businesses are included under the umbrella of the service industry. These include, but are not limited to: businesses in the information technology sector as well as those involved in hospitality, banking, and retail. Regardless of how your business is positioned within the service industry, it can almost certainly benefit from another look at how the best online bookkeeping solutions serve businesses. Take a look below at just three of the biggest advantages of using online bookkeeping solutions for your service-focused small business. Read More 

Why Your Business Needs Consistent Bookkeeping

Bookkeeping is the foundation of any successful business. It doesn't matter if you're an online retailer, a brick-and-mortar store owner, or anything in between. You need it to keep track of your finances, make better decisions about where to allocate your resources, and determine how much profit you want to take home at the end of each day. Read on to learn why you need consistent bookkeeping. To Get Clear Statements Read More 

4 Small Business Accounting Practices That Pierce The Corporate Veil

Small business owners who choose to incorporate their business usually do so to gain the liability and financial protection that comes with forming a separate entity. But this distinction between your company and you (or other shareholders) can be put at risk by certain activities. These activities can constitute what is known as piercing the corporate veil — and opening up owners to risk.  While a number of different types of activities can pierce the corporate veil, several accounting actions or failures are common causes. Read More 

Why You Need Tax Planning Services As A Realtor

If you're a real estate agent, you need to plan for your taxes and know your tax burden. Real estate agents are categorized as self-employed and sole proprietors. They are liable to payroll deductions, but they have the opportunity to maximize tax deductions. Essentially, real estate agents require practical tax planning services to compute their taxes correctly. You should consult tax planning specialists to leverage tax breaks and minimize deductibles.  Here are additional reasons why you need tax planning services as a realtor. Read More 

Why You Need An Accountant When Starting Your Business

If you are looking to start a business and working with a bootstrap budget, you will no doubt be looking for areas where you can cut costs. Doing the accounting function yourself if you have no accounting background is not one of the areas you should consider. Instead, hire a small business accountant and see what an asset the accountant will be to your business. Here are some top ways a small business accountant can help during this start-up or infancy phase of your business. Read More