2023 - financial bookkeeping tips for contractors

Accountants Can Catch Errors Accounting Software Cannot

11 August 2023
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Business accounting becomes much easier when you use accounting software. After all, you save time because you won't have to do everything by hand. Better still, you can reduce your chances of making the errors that often come from carelessness, inattentiveness, and other human failings. However, it's important to remember that accounting software has its limitations. One example is how you can't count on it to catch every error. As a result, it's better to consult an accountant specializing in business accounting if you're concerned about your books' accuracy. Read More

3 Things To Know About Virtual Bookkeeping Solutions

13 June 2023
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If you are struggling with bookkeeping, there are virtual options that you should consider. Virtual bookkeeping solutions use technology and online platforms to manage your business's financial records and transactions remotely. Instead of hiring an in-house bookkeeper, you can outsource bookkeeping tasks to a virtual bookkeeping service provider or use software designed for online bookkeeping. While there are many uses for virtual bookkeeping services, there are a few things to know before committing. Read More

How A CPA Service Can Help Your Restaurant Thrive

11 April 2023
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When you hire a CPA, they will help with planning, financing, and general management. They can also assist with running your business by providing tax planning, accounting, and general financial services. They'll be able to advise on salaries, benefits, and technology needs for your restaurant business’s growth. Staying on Top of Tax Changes As a restaurant owner, many things can be done to help keep you on top of your taxes. Read More

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

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.