Our team of Certified Bookkeepers work with small business owners to streamline their bookkeeping processes and to organize their finances. Having an organized and automated bookkeeping system allows the small business owner to track expenses and identify trends in their finances. By keeping a close eye on the accounting data throughout the year, financial surprises can be limited at year end and tax time.
40% of tax accountants say that their clients don’t have up-to-date records. If the records are not in order, the tax accountant will need to spend more time preparing the return which increases tax preparation fees. Also, if expenses are not categorized correctly, the small business owner risks missing out on valid business tax deductions which will reduce their total tax bill.