It’s almost March, have you started working on preparing your taxes yet? While you still have time, there are lots of good reasons to file well in advance of April 14th. Here are 5 of them: 1. You Have Time to Fix an Error. Depending on your circumstances, filing your taxes can become rather complicated. […]
Top 5 Reasons to File Your Taxes Early Read More »
As experienced business owners and bookkeepers, we have worked with multiple small business owners, partnering with them to help make their endeavors successful ones. We’ve learned there are fundamental items that successful business owners incorporate into their daily practices that less successful owners may not.If you are looking to expand your business and increase your
Steps To Take In 2013 To Make Your Business More Successful Read More »
Tax time is here again, and while individuals have until April 15 to get organized and file, the deadline is much sooner for some of the paperwork required for small businesses. The most common requirement for businesses is the W-2, which is needed for all paid employees and must be in the mail by January
1099 MISC Small Business Filing Requirements for 2012 Read More »
Congress has finally passed legislation averting the so-called “fiscal cliff.” While few of us who watched the process would consider it Washington’s finest hour, we now have answers to the questions that have made proactive planning so difficult. Here are the highlights: • The Bush tax cuts have been permanently extended for income up to
2013 Tax Outlook: Avoiding the “Fiscal Cliff” Read More »
No one wants to pay more to the IRS than they should, right? Well one way to ensure that you don’t pay penalties is to know the important tax filing dates they have established. We all hear about “April 15th” but what we don’t hear about too often are the other dates that business owners
The 5 Critical Tax Deadlines You Need to Know Read More »
Self-employed individuals enjoy unique benefits, but they also have the burden of proving to the Internal Revenue Service that the expenses claimed are legitimate. Business owners need to keep proof of the expenses as well as a business record that backs up the need for that particular expense. Your accounting professional will also tell you
Self Employed Individuals Must Track Business Expenses Read More »
Everyone knows that payroll reports, W-2s, and most 1099s all needed to be mailed off by January 31st, but you are not done yet. No, there is still more to do and February is where it all gets wrapped up. You did the work and filled out all the W-2s. Good job . . .
Common Mistakes Made on Form W-3 Read More »
The accounting professionals at BASC Expertise work with entrepreneurs on a regular basis. We are involved with entrepreneurs from the formation of the business entity, formulation of a business plan, accounting and bookkeeping services, and annual tax preparation. When it comes to formulating a business plan, we offer seven items that need to be considered
Seven Items To Include In Your Business Plan Read More »
Starting a new business is an exciting time, but is also one that needs to be undertaken with care and consideration in order to make it a successful, thriving enterprise.
7 Considerations For Starting A Small Business Read More »
Taking the time to have your paperwork in order will not only make your accountant’s job simpler, it allows you to track items throughout the year. Entrepreneurs need to be cognizant of the need for precise record keeping, especially if they find the need to seek financing.
Year-End Financial Wrap Up Plans For Business Owners Read More »
