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Small Business Accounting

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What’s Included in a QuickBooks Health Check?

In this article, we will answer the most common and frequently asked question – what is a QuickBooks health check? We will also discuss the benefits and how to schedule one with us.

Time sure has flown by so far this year! It is hard to believe that we are already seven months into 2021! With passing the mid-year point and tax extensions deadlines fast approaching, many of our clients have been asking us important questions like, “How do I know my financials are up to date and what needs to be done to bring them current?” or “How can I improve my setup, workflows, and overall use to enhance QuickBooks to fit my business?”. Having the knowledge, best practices and most of all peace of mind in these areas have exponentially positive long-term effects for your business.

To address our common client’s needs, we start with providing a QuickBooks Health Check. At its core, it is designed to review your QuickBooks setup, financials, and overall health. In addition, a big element is that it is tailored to fit your specific business needs. This allows us to provide valuable insights and recommendations to serve as a catalyst to empower you with the knowledge to be successful regardless of if you are the owner, bookkeeper, financial controller, and/or operations manager.

sep-ira-small-business-tax-savings-out-of-the-box-wealth-advisors

SEP IRA’s & Tax Savings – Did You Know?

SEP IRA’s and tax savings – did you know that there are tax savings strategies involved with Simplified Employee Pension Plans? Out of the Box Wealth Advisors knows it! But that’s no surprise to us over at Out of the Box Technology. No surprise because our sister company specializes in small business investment strategies and all things related to wealth maximization. Good to know, right? But not what this article is about.

SEP’s, short for Simplified Employee Pension Plans, are great tools because they benefit both employees AND employers. These plans are available to companies of any size, ideal for small business, and come with tax saving benefits.

In this article, our SmartVestor Pros at Out of the Box Wealth Advisors are going to explain what a SEP is. Additionally, they are going to discuss a few tax saving benefits involving SEP’s. This is valuable information for small business owners who want to maximize their wealth while reducing taxable income. More importantly, this is valuable information for small business owners who want to simultaneously provide more wealth for their employees.

Read on to learn more about SEP IRA’s, tax savings, and how small business owners can take advantage of this win/win retirement strategy.

6 Outsourcing Myths Stifling Your Bookkeeping

6 Outsourcing Myths Stifling Your Bookkeeping

 

Outsourcing of bookkeeping and other expert services is gaining a considerable foothold among business owners. Maybe you’ve been thinking of outsourcing for some time or considering it for the first time. Either way, you might find you’re hesitant to take the leap because of the related myths.

Frequently regarded with confusion, indifference, or outright fear by numerous entrepreneurs, the misconceptions and myths regarding outsourced services abound.

Bookkeeping is an essential, yet time-consuming part of a business. While outsourcing this service offers various benefits, various myths pose a barrier that could potentially hold your bookkeeping back. Fortunately, this guide will help debunk these myths.

small-business-accounting

7 Tips for Keeping Your Small Business Accounting Organized

 

The lifeblood of any business whether small or large is financial integrity. Therefore, the efficient management of your small business accounting can help establish your success.

Keeping your accounting and finances in order should be an achievable goal. You’ll not only save time but also money. Bear in mind that organizing your accounting takes effort and time. Furthermore, you require a solid plan. Nevertheless, these invaluable tips will help you maintain efficiency.

business-budgeting

6 Signs Your Small Business Budget Might Be Out Of Control

A business that lacks a budget sets itself up for various financial issues in the future. This applies to businesses of all sizes and ages.

On the other hand, a business that creates long and short-term business goals by developing a comprehensive business plan can develop a roadmap for economic success and expansion opportunities.

Here’s a list of signs that you need to re-examine your business budget.

 

5 Common Payroll Mistakes And How To Avoid Them

payroll-accountingEvery business knows that payroll is vital to its operation. However, any problems, however minor, could affect virtually every business level. In fact, payroll mistakes are costing businesses thousands annually to rectify.

That’s why it’s imperative you develop a solid tax compliance and payroll processing plan to prevent possible payroll fees and errors. Here are 5 payroll mistakes to avoid.

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