Steven Day

  • How To Think More Clearly About Tax Planning

    Tax planning is a way to get in front of the potential bills you might owe in the future to the government. A major goal is to focus on creating the conditions for tax benefits long before the bill comes due. Short of that, you at least want to avoid putting yourself in a worse position on the tax front. It's important to think clearly about what can and can't happen throughout this process.
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  • Important Tasks To Outsource To An Experienced Public Accountant

    As a small business owner, you have dozens of tasks to attend to each day. You do not have time to take care of your books or focus on filing your taxes. However, you also cannot let these tasks fall by the wayside either.  Instead of stressing out about your bookwork or failing to meet your tax filing deadline, you can use professional public accountant services for your business. These tasks are some that an experienced public accountant can take care of for small business owners like you.
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  • 3 Tips for Preparing Your Taxes as an Etsy Seller

    Selling on Etsy has continued to grow in popularity. Etsy offers the opportunity for individuals to sell handmade goods as well as goods that require you to use your own creativity. If you are interested in setting up a shop, it is important to understand the tax implications of doing so. Tip #1: Keep Track of the Cost of Producing Your Goods First, you need to make sure that you keep track of the cost of producing your goods.
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  • Tips for Bookkeeping Establishment for New Businesses

    When you launch a new small business, you're probably excited and focused on your new venture. However, one of the most common reasons for small business failure is money management difficulty. If you're skilled in your business but struggle with bookkeeping and money management, you need to be prepared for the financial side of business management as well. Here are some steps you should take right away to get control of your new company's accounting.
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  • Tax Preparation: 4 Tips To Make This Task Less Stressful

    As the end of the year approaches, some people start to worry about their taxes. Tax filing season never seems far away, and while it may still be several months down the road, you can never start preparing too early. By taking some time and effort to organize your financials and maintain your records throughout the entire year, you will find that the tax preparation process is a bit less stressful and may even actually reduce the amount that you are responsible for paying.
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  • Accounting Mistakes You Do Not Want To Make In Your Business

    If you own a corporation or a business of any type, it is important that you know how to properly handle your finances. The best businesses can fail without a strong financial backbone. The following accounting errors can not only cost you money but can also end your business altogether: Not Separating Personal and Business Finances Some people who own a business make the mistake of comingling personal and business assets.
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  • 4 Reasons Your Start-Up Should Hire A Professional Bookkeeper

    As you get your start-up off the ground, one of the many tasks you will need to decide to do in-house or out-source is bookkeeping. Bookkeeping is vital to every business's financial success. Here are a few reasons why start-ups should consider hiring a professional bookkeeper instead of doing these tasks on their own. #1 Allows You to Effectively Use Your Time As an owner of a start-up, there are going to be numerous tasks that demand your attention.
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  • Does Your Accounting Firm Offer These 3 Small Business Services?

    Do you work with an accounting firm to handle your business's taxes and bookkeeping? An experienced and skilled accountant can make all the difference in a small business's success. They can help you maintain accurate books and financial records and gain a clear understanding of your financial outlook. That can help you make informed, smart decisions about your business's future. Accounting firms aren't just for bookkeeping and preparing the books though.
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  • 4 Simple Ways To Stay On Top Of Your Finances As A Small Business Owner

    As a small business owner, you can't just rely on your bank account statements to provide you with information. You need to use an accounting program to keep track of every purchase, deposit, and invoice that you send out. Keeping accurate track of all of this information will help your business thrive and will help you when it comes to tax time. Track Every Expense First, you need to keep track of every expense that you pay.
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  • How Financial Planners Help You Set Up A Budget

    Many people now understand the importance of having a budget. However, coming up with a budget is much more difficult than most people realize. In fact, even people who already have budgets may still be in rough financial shape. It's not enough to have a budget -- your budget has to be the best one possible. This makes it possible for you to meet your financial targets in a more efficient manner.
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