Which Documents Do You Need to Provide to Your Bookkeeper?

When you outsource your bookkeeping to an accounting firm in Tucson, you can save yourself a lot of time and stress by organizing your business’s tax information and financial statements and ensuring that everything is filed correctly and on time. If, however, you don’t provide the right documentation to your bookkeeping professional, he or she […]

Which Aspects of Your Payroll Can You Automate?

Today’s bookkeeping and accounting software can do amazing things, including automating processes that may have once taken up a significant amount of time for your accounting department or tax preparation service. In today’s digital world, it is not uncommon for small business owners to turn to software that can streamline payroll to ensure that employees […]

2018 Tax Forecast

As a small business owner, you know that tax time can be complicated. You might spend months preparing to file for yourself and your business, but the process will be much easier with the help of a professional tax preparation service in Tucson. If you are concerned about the changes that this year’s filings may […]

End-of-Year Tax Tips for Business Owners

When you look over your finances as a business owner, you need to consider your taxes in addition to your income and expenditures. It’s especially important to get your finances in order at the end of the year, but you shouldn’t wait until then to get started. Purchase some new equipment for the office, and […]

Can Your Small Business Deduct Charitable Donations?

Knowing what you can and can’t deduct from your taxes will help you save money, and it will give you a better idea of your business’s financial portfolio. Donating to charity is a selfless deed that helps the community, and sometimes you can deduct your donations. Keep reading to see if your small business can […]

Why Should You Convert to QuickBooks Online?

If you run a business, you need to be concerned with bookkeeping in Tucson. QuickBooks helps you keep track of your finances so you can keep your business on track. It’s an excellent solution for small businesses, especially those who need on-premises or cloud based accounting. Here’s a brief overview of why you should convert […]

Stay Ahead of Changing Tax Requirements for 2017

There have been some recent changes to filing deadlines and requirements that we want to share with our clients and colleagues. Federal Changes Starting in 2017, the IRS has published new accelerated deadlines for filing W-2s and 1099s as an attempt to reduce identity theft and fraudulent refund claims. 2016 Form W-2, W-3 and 1099s […]

Choosing a Payroll Service for Your Small Business

Paying employees is about more than keeping track of hours and cutting a few paychecks. For this reason, small business owners often find the payroll process quite overwhelming. Whether a business has one employee or dozens, working with an outside payroll service can help business owners learn how to compensate employees, regulate business deductions, and […]

Correcting Accounting Journal Entries

Tucson accountants use journal entries for adjusting the balances of ledger accounts in order to recognize accruals, liabilities, and other expenses. If the entry is incorrect, an accountant needs to correct the mistake to maintain the integrity of the ledger and the financial reports. Understanding which approach to take when correcting a ledger is crucial, […]

Avoiding Common Tax Mistakes Among Small Businesses

For every small business, nearly every aspect of the company has potential tax ramifications. This doesn’t mean that small business owners should worry, but they should plan ahead and get as organized as possible. This includes learning how to avoid the most common tax mistakes among small businesses. Doing taxes on your own If you’re […]