The tax filing season has begun and 1099 reporting is soon approaching its deadline. And our accounting team at Outsourced Bookkeeping has successfully helped hundreds of businesses get over the line with accurate and efficient 1099 reporting in shortest possible time. Our accounting team has significantly cut the cost, saved time, got rid of the […]
If you are one among the 50 million+ independent contractors or freelancers then there you sure must be aware of the impending arrival of 1099s and W-2s from your clients or employers this month. While no one is a fan of these tax forms, they can be quite complex right from on the onset and […]
Imagine toiling hard for days at a stretch to get your taxes done digging all the financial data possible and on a fine day you receive a mail from IRS about the mistake in your tax filing. While the mistake can be rectified, it can invite penalties, delay your tax refund or even invite IRS […]
Tax season 2020-21 is going to be one of the most complex tax seasons in recent years. Be it due to the updated tax rules and regulations, change in the way business operated, and tax provisions provided by CARES Act for businesses and individuals, the tax planning for the year has to be reconsidered with […]
As we feel a slight sigh of relief with the end of the year 2020, there is this one last thing that belongs to 2020 we all get past of: tax filing for 2020. While the tax planning strategies remain same, there have been ample changes to tax rules and regulations in the year 2020 […]
If there is anything certain in life, it has to be the taxes. Even in the year 2020 where the pandemic has turned the world upside down, tax filing for businesses is a sure thing that must be carefully complied with. However, the upside of 2020 is that a business can make use of tax […]
Systematic, accurate tracking and day-to-day recording of all the financial transactions and information of the company form the pillar for smooth functioning and growth of any business be it small, medium or large. A qualifier bookkeeper or accounting resource is the person who diligently records all the transactions of the business and plays a central […]
How Outsourcing Bookkeeping and Accounting Services Can Improve Business Growth of Accounting Firms?
As businesses are slowly gaining traction after the disarray caused by the pandemic, accounting firms that can help businesses improve their financial health are in huge demand. However, the competition among the accounting firms is fierce. So, it is important for every accounting firm to expand their accounting services, enhance their accounting and bookkeeping expertise […]
An accurate and efficient accounts management forms the pillar for stable cash flow and smooth functioning of a business. Maintaining proper cash flow, optimizing profits, minimizing expenditures and creating new investment opportunities are only possible when each and every accounting function is perfectly optimized and efficiently run. Large the business, heavier the transactions greater is […]
Having an organized financials helps in the smooth functioning of business and forms a pillar for accurate financial analysis to take strategic decisions for business growth. And keeping accurate records of financial transactions and updating them regularly from time to time, is the most important aspect of having an organized financials. Importance of Bookkeeping for […]
