The end of the calendar year is a busy time for everyone. For many businesses, it’s the time to review profitability and plan for the upcoming year. It’s also time to start thinking about tax season if you are not currently working with a monthly accounting firm that takes a proactive approach to tax planning year-round.
For many small business owners, payroll is a headache. According to Score, the majority of small business owners spend up to five hours doing payroll every month. Some owners are spending ten hours or more.
As a small business owner, your time is valuable. Extra time spent on payroll is time you could be spending running your business and driving growth.
Many small business owners hesitate to reach out to their accountants before tax season. But if your accountant does your books and nothing more, you aren’t getting your money’s worth.
It’s the end of September in Minnesota, which means many landscaping businesses are winding down for the season. Whether your company transitions into snow removal for the winter, or simply goes into hibernation mode, the fall is a good time to take stock of your books. By taking care of some basic accounting now, you’ll be better able to plan for the season ahead, and have more time to prospect new clients.
Owning a small daycare or childcare center can be chaotic. Between planning activities, making sure your kids are safe, and keeping up with Department of Human Services Regulations, it can often feel like the work never stops. Add bookkeeping to the mix, and it may often feel impossible to stop work at a reasonable time at the end of the day.