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,
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
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”
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
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.
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
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.
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.
Adhering to a budget is crucial to your financial success and working with a trusted accounting firm can help you formulate a business plan that puts your enterprise on a firm financial footing from the beginning.
Taking the time to thoroughly explore and answer these questions may just get your business off on the right foot and will certainly provide you the information necessary to compile a business plan and strategy.
