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Top 7 Bookkeeping Mistakes
At Bookkeeping Monster, we counsel several grumbling business owners who complain endlessly about how flawed their bookkeeping went and what havocs it rendered to their business. Bookkeeping is a nightmare for most small business start-ups, and those of you, who believe of doing it right, in reality, are yet to nail it. [1] Top 7 Bookkeeping Mistakes To understand the importance of bookkeeping for any business, answer this question: why two fourth of all small business start-ups fail within first few years of operations? Poor financial management and miscalculation of funds are top reasons behind early operational hiccups leading to business failures. ...Read More
Posted in Accounting Services For Small Business, Bookkeeping and Accounting Services, Bookkeeping Service | Comments 0
Payroll Taxes – An overview
To put it simply, payroll tax is your liability to state on the salary you pay to your employees. You are liable to pay this tax only when you cross a fixed threshold that may differ per state. It’s tough for most business owners to keep a check of payroll tax, as they tend to creep up, often, when you are not expecting it least. [1] Payroll Taxes An Overview What Are My Obligations? Not only gross wages but superannuation, incentives and commissions along with benefits and allowances fall under payroll tax. Generally payable on a monthly basis, you have to comply with ...Read More
Posted in Bookkeeping Service, Outsourcing Payroll Service, Payroll taxes | Comments 0
Are You Adding Value to Your Bookkeeping? – A Few Measures to Success for Small Business Startups
Sit back for a moment and consider the benefits of carefully kept books for your business, no matter how small it is. Record of every dime that you make, better understanding of your sales structure, fewer troubles with the tax department, along with a great many perks are what lie in store for you. [1] Bookkeeping Tips For Small businesses Most of our clients often complain about how tiresome their bookkeeping gets, while a few think it’s not worth their time and efforts. Up to date financial records is a trailblazing way towards better exponential growth, while ensuring absolute peace of mind. ...Read More
Posted in Accounting Services For Small Business, Bookkeeping Service | Comments 0
Why Should You Outsource Bookkeeping and Financial Accounting?
Do you run a small business and are facing problems of managing your accounting services and finances in general? Are you looking for professional assistance and advice? Well, don’t worry. There are many outsourcing agencies that are ready to help you out on as far as your bookkeeping services are concerned. However, it is important to take note that there are some bookkeeping outsourcing firms that have cut a niche in this industry and will definitely offer your business the best service. [1] Outsourcing Bookkeeping and Ainancial Accounting It is a fact that goes without mentioning that many small business owners have ...Read More
Posted in Accounting Outsourcing Services | Comments 0
Outsourcing Bookkeeping: What Benefits Does It Bring Your Small Enterprise?
Are you a small business owner and wondering what outsourcing your bookkeeping and finance related services will do to your small business? We have an answer for you; there are several benefits that come with outsourcing your bookkeeping which we will definitely discuss in this article. [1] -Benefits of outsourcing Bookkeeping Well, they say, first things first. It is important that you understand first what really outsourcing means to your small business. Outsourcing is the contracting of a specific business process, which in this case is the bookkeeping and accounting services, to a third party which can professionally handle such services. For instance, ...Read More
Posted in Accounting Outsourcing Services | Comments 0
