Even if you are a small business, you need to pay a close attention to your books. Doing so would make your life so much easier during tax season and allows you to manage your company’s finances better.
Your business may be small, but there’s nothing small about its contributions to the economy. According to the Small Business Administration, companies like yours represent 99.7 of all employer firms. And since 1995, small businesses have generated 64% of all new jobs in the country, and accounts for 44% of private payroll salaries paid.
A lot of new business owners tend to think that they can do away with a bookkeeper when running their business, particularly because they’re just starting anyway. When it comes to your company’s financial matters, however, there’s nothing more important than being up to date and properly accounted for right from the start.
When your small business has grown to the point that a bookkeeper is needed, it’s okay to admit that you have no idea how hiring one works. You’d be forgiven for thinking that you make an appointment for accounting, bookkeeping or financial consulting services and then take your paperwork to their office, as this is […]
Starting a business isn’t just about having a brilliant idea or developing a unique product. There are important aspects behind all these as well, one of which is keeping the books. This financial part of your business can spell its success or failure. This is why it’s important to give bookkeeping proper attention. There are […]
Most individuals dream of opening up their own businesses. Not only will it give them a chance to be their own bosses, it is also a step closer to earning much more. Unfortunately, what most budding business owners fail to realize is that opening your own business takes more than renting a commercial space, trading […]