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PROFESSIONAL ACCOUNTING ASSISTANCE
FOR SMALL BUSINESS OWNERS
Starting
a new home-based business? Then you
probably have already thought about the benefits. Maybe its the low or no overhead, time flexibility or freedom
from commuting that appeals to you. Home-based
businesses were once viewed as "small" and usually unsuccessful but
with the rise of the Internet, high speed cable access and e-commerce, they are
now giving big business a run for its money and some stiff competition. But have
you thought about what you need to put into place prior to getting started?
Have you thought about what financial records you need to be keeping and
for whom? It is important to have a
"financial plan" that coincides with your "business plan" no
matter how small your business may be. Organization
is key in successfully starting up on the right foot.
Not sure where to start? Not
sure what you are supposed to do?
STARTING WITH A PLAN Its
time and money saving to have all your answers before questions arise and in
order to find those answers, make sure you have professional help.
Ever heard of a P&L? Not
sure what a General Ledger is? Have
you thought about whether to set up a DBA?
Do you need any special licenses or permits?
Insurance or bonds? Will you
be charging sales tax? How will you
deposit your sales income and pay your business expenses?
Have you looked into bank accounts, merchant accounts and credit cards to
use solely for business? These are
just a sample of what needs to be investigated when starting up at home.
You will save yourself more money and even penalties in your new business
endeavor if you seek some consulting before you get started.
It's no fun to find out you've not been paying something you should have
been for months and now you owe penalties PLUS interest! PROFESSIONAL BOOKKEEPING AND ACCOUNTING
Hiring
a qualified bookkeeper could be a great resource to help your business get up
and running smoothly. Bookkeepers
serve as a liaison between business owner or individual and their CPA.
They leave the actual running of the business up to the owners and the
final tax and financial planning to the CPA's.
They are a cost efficient approach to business management.
Think about it, every large corporation has them - departments of them.
Why? Because the President
and other departments run best when they aren’t worried about the number
crunching as well. GETTING THE RIGHT HELP Hiring
a qualified bookkeeper will not only keep you from making expensive mistakes but
they save you money by keeping your finances in order so that you can present an
efficient package to your tax preparer or CPA at year end.
Whether you decide to do your own monthly input of your records or have a
bookkeeper do all the number crunching for you, having the guidance on your side
will help your bottom line. Not
number savvy? Financially challenged?
Then you might consider leaving all the numbers to a bookkeeper and focus
on running your business. BUSINESS SERVICES AVAILABLE I
offer a full range of flexible, affordable business services to my clients.
My assistance can range from simply giving you the tools to get you
started off registering your business with the proper authorities (Federal,
State and Local governments) to the actual nitty gritty monthly entering of all
your financial transactions. I can
be as involved in your day-to-day business activities as you need, making sure
that you are utilizing the most efficient methods of maintaining a financially
healthy business. With over ten years experience in bookkeeping, financial
planning and income taxes, who better to help you in your new home-based
business than someone who is successfully managing their own?
Call me to set up a consult to talk about ideas for getting your
business, new or existing, on the path to financial ease. Please review our upcoming business classes and products that will help you along the way! Products Have you ordered you Business Essentials Kit yet? Joan
M. Wilkinson Tax Queen Inc. 818.257.4180
California Tax Education Council Registered Preparer
It is required for all tax preparers in the state of California to be registered with CTEC and be bonded (unless you are a CPA or EA). Make sure your current preparer is complying. Would you like to confirm my registration status? Visit here and type in my CTEC number A111962: www.ctec.org
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