When a small business starts out, bookkeeping may not seem like a difficult task. But as your business evolves and your client base expands, you may not have the necessary time, money or know-how to properly manage it all. At a certain point, any growing company should seriously consider hiring a full-time certified accountant. Besides payroll and tax returns, they can be of great assistance when it comes to compliance and legal issues.
Since your family owned businesses is built on the strength of its lasting relationships, you need a qualified accounting partner you can trust. The objective input and counsel of Long Island accountants can help you set and reach all your financial goals.
Since the tax deadline clock is ticking, it’s time to get to get down to business. Even if you haven’t done any tax preparation yet, it’s still not too late. Our five tips will help you get everything done by April 18.
Tax season can be a trying time for many Americans. Individuals and business owners often have a lot on their plate as they scramble to meet the tax return deadline. If you are one of those people experiencing a high level of stress, these three tips can help make tax time less taxing.
Small businesses often perform bookkeeping and payroll tax duties in house to cut costs. But, many make mistakes that cost them time and money. According to one survey, 26 percent of small businesses spend three to five hours a month on these type of tasks. This time can add up significantly over the course of a year.
If you are new to payroll or could use a refresher, our answers to common questions will help guide you through the process.
Tax season is just around the corner. This year, the IRS will begin accepting paper and electronic tax returns on Monday, Jan. 23, 2017. However, the final deadline for filing is not until Tuesday, April 18, 2017.
Smart business owners are always looking ahead into the next quarter or next year, but too many of them overlook how they will exit their company with succession planning. As a result, only about 30 percent of small businesses successfully transition from the first to the second generation.
Topics: Tax Planning
As a newlywed, you anticipate change, but you often don’t realize that your new marital status impacts tax return preparation, too. Before tax time approaches, it’s important to make several adjustments. From names changes to filing status and everything in between, this is what you need to know to get ready for tax season.
Although everyone enjoys receiving a large tax refund from the IRS, it’s usually not the most-sound financial strategy. Each year, many Americans fall victim to tax overpayment by either not adjusting their withholding rate or failing to capitalize on tax credits and deductions. Although there are numerous ways to reduce taxable income, it’s up to taxpayers to realize those savings.
Every year, millions of Americans scramble to meet the tax deadline. Due to a lack of personal financial planning, tax time becomes more painful than it has to be. These taxpayers may spend hours searching for things like receipts or tax identification numbers right before April 15.
If this scenario sounds familiar to you, following our simple tax tips will help make your life a whole lot easier.