financial bookkeeping tips for contractors

Tempted To Do Your Own Taxes? Why It May Not Be A Good Idea

28 February 2023
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It can be tempting to do your own taxes when you hear about free online tax services or software you can purchase to do it yourself. Of course, it will save you money in tax preparation fees, but free services are not always free if you end up needing additional forms to complete your tax return. Hiring a tax preparation service to prepare your tax return will give you peace of mind and save you a lot of hassle, especially if you should get audited. Read More

Why Should Your Business Work Closely With A Reputable Accounting Firm?

10 January 2023
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Everyone wants to keep expenses as low as possible when running a business. But as they do so, they overlook some of the most important things, such as seeking professional help. Some even consider hiring professional services unnecessary, which shouldn't happen. The input of a competent accountant is paramount because it saves your business a lot of problems. You may think you can handle financial matters in your business without their help, but this is dangerous because you could deny your business the opportunity to grow. Read More

Business Tax Preparation: Keys To Success For Companies

30 November 2022
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If you have a business, you must pay taxes on any money you make. This doesn't have to cause you a lot of stress and thus keep you up at night though. As long as you follow these tax preparation rules, this aspect of your company can work out smoothly year after year. Work With an Accountant You may know some information about finances because it's required to run a business, but business taxes may not be your specialty. Read More

Why Do Businesses Seek Professional Payroll Services?

14 September 2022
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In today's business world, there are many things that businesses have to take care of. Payroll is one of those things. Payroll is the process of distributing money to employees for their work. It can be a complex and time-consuming process, which is why many businesses choose to outsource payroll to professional service providers. There are several reasons why businesses seek professional payroll services. Here are five of them. 1. To save time Read More

Tax Accounting For Roofing Contractors: Tips To Keep Your Business On The Right Track

18 July 2022
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As a roofing contractor, you not only have to worry about the physical labor and materials needed to complete a job, you also have to keep track of the finances. This can be pretty difficult, especially if you still have workers on your payroll. It's important to have a clear understanding of your accounting so that you can keep your business on the right track. Here is a list of a few crucial tax tips for roofing contractors. Read More

About Me

As a renovation contractor, I have a lot of things to worry about each day. I have to think about my customers, my business, the insurance I need and even the employees that I have working for me. All of these things keep me busy enough without having to worry about keeping up with my financial bookkeeping each day. How do you keep up with the financial bookkeeping so that you don't make any errors that could cost you a whole lot of money? I have worked with my accountant to develop a process that has helped me and I have shared the tips he has taught me right here on my blog to help you.