When you own a small business, one of the most important things you need - timely, accurate financial accounting records - tends to fall to the back burner while many of your other responsibilities take precedence. How can you possibly expect to juggle it all efficiently?
As if things weren't overwhelming enough already, at tax time, your annual tax accountant tells you how much you owe. Often, you're not prepared to hear this number - and if you filed for an extension, the timeframe between finding how much you owe and the time the money is due is greatly reduced. When the profits from your small business are such an important part of your life, it's helpful for you to be able to anticipate your tax liability.
CSI Accounting & Payroll has worked with thousands of small businesses over several decades, so we know that it is essential that your bookkeeping and accounting services are organized, up-to-date, and handled on a monthly basis. This will avoid tax surprises and ensure that you always know where your business is and where it is going financially.
Follow these five tips to help increase your efficiency and organization - and hopefully relieve a bit of stress, too.