What is bookkeeping? Bookkeeping is process which involves systematic recording, analyzing and organizing of financial transactions of a company or an individual. Starting and preserving stable, expert accounting practices is important for the increase of a business. Make sure yours are so with www.outsourcedbookeeping.com. Bookkeeping have to be done on each day foundation i.e. recording […]
2013 Tax Rates – Single Taxpayers – Standard Deduction $6,100 10% 0 to $8,925 15% $8,925 to $36,250 25% $36,250 to $87,850 28% $87,850 to $183,250 33% $183,250 to $398,350 35% $398,350 to $400,000 39.6% Over $400,000 2013 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $12,200 10% 0 to $17,850 15% $17,850 […]
As a business owner, you have plenty of options – particularly when it comes to credit. Determining whether to use personal or business credit cards can be a difficult choice, and each comes with its own pros and cons. To take some of the confusion out of the process, let’s take a look at the […]
When you’re running a business, the last thing you want to be worried about is all the little details of your finances. Yet, accounting is quite possibly the single most important factor of your business’ success. So how can you strike a balance between managing and growing your company and making sure your finances are […]
4 Common Business Accounting Mistakes to Avoid Of all business functions, perhaps none is as critical as accounting. After all, this involves the financial details that drive your success. If not handled properly, accounting errors could end up costing you more than just your hard earned profits – it could cost you your business in […]
In today’s electronic age, we’re seeing more and more functions transition over to technology, including that of business payroll. Rather than processing physical paper checks, employers have the option to pay their employees electronically via direct deposit into their bank accounts. If you’re not yet offering this option to your team, or you’re still on […]
Nobody launches a new business expecting it to fail, but the fact is the majority of small businesses don’t last more than a couple of years. In fact, according to Bloomberg, a whopping 8 out of 10 startup businesses will close their doors after just 18 months. So, how can you protect yourself from becoming […]
For most small business owners – especially those just starting out – getting a business loan is a must in order to create a solid foundation on which to grow. Yet applying for this type of loan can be tricky. Oftentimes when a business owner gets denied, they blame the lender, when in reality it […]
Expenses. Every business has them, no doubt about it. How you manage those expenses, however, can make or break whether you’ll continue to realize success or not – especially if you’re just starting out. The key is to reduce business expenses as much as possible so that your bottom line isn’t impacted too significantly. That […]
As with anything else in business, deciding which functions should be handled in-house and which could be outsourced is a big decision. One of the most commonly outsourced tasks is that of accounting, especially for small to mid-sized businesses that are on a tight budget. If you’re still on the fence, here are some of […]