Tag: accountant
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6 KEY MONTHLY BOOKKEEPING CHECKLIST ITEMS
6 KEY MONTHLY BOOKKEEPING CHECKLIST ITEMS Balance your checkbook Review your budget and compare it to your actual spending Reconcile your bank statements Update your contact information for bills, subscriptions, etc. File away any important receipts or documents Check in on your retirement and investment accounts Silicon Harbor Business Services is based in Mount Pleasant, SC. […]
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Reminder- Filing Due Dates
Reminder that 941 Quarter 4 forms are due today, January 31, 2024. Form 1099 MISC recipient copy deadline is January 31. If you are filing through paper forms, the due date is February 28. The electronic filing due date is March 31 for the 2023 tax year. January 31, 2024 is the deadline to file […]
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The importance of internal bookkeeping audits
Internal bookkeeping audits, often referred to as internal financial audits or financial statement audits, are a vital component of an organization’s financial management and reporting processes. These audits involve an independent and systematic examination of an organization’s financial records, transactions, and accounting practices. The importance of internal bookkeeping audits can be understood through the following […]
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A Guide To Sending Out 1099s
Sending out 1099 forms is an important tax-related task for businesses in the United States. These forms are used to report payments made to non-employee service providers, independent contractors, and other individuals or entities. Here’s a business guide to sending out 1099s: Determine Who Needs a 1099: Identify all individuals or entities to whom your […]
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Common Errors in Tax Preparation
Mistakes can happen when you’re preparing your taxes, even with all the technological automation on hand. A good way to avoid the oversight is to keep a list of common errors that can happen when making your report. •Assuming the wrong due date•Confusion over the most advantageous filing status•Not claiming the Earned Income Tax Credit•Failing […]
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Reasons Why Your Business Needs an Accountant
Do you ever think your business needs an accountant? There is a high percentage of small business owners shutting down after just a year of operation and most of the time it is due to making wrong financial decisions. Most small business owners don’t hire an accountant so they take on all the financial responsibility […]
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Basic Steps When Starting a Business
Where should you begin when starting a business? Each person’s ideal timeline for launching a new business is different. First and foremost, you should start a business when you have enough free time to dedicate to it. You’ll need to be resourceful with funds once you’ve started your business idea and are ready to start working […]
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Three Helpful Invoicing Tips for Business Owners
Invoicing is a common difficulty for small businesses, especially when they first start out. Late invoices can drain cash flow and reduce profit margins that are already tight. It is, however, avoidable. These three Invoicing tips can assist you in effectively sending and receiving payments on schedule. Setting up solid systems for dealing with late […]
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Robert Boyer Appointed to Intuit QuickBooks Accountant Council
Select Panel Advises on Products and Services that Accountants and Their Clients Want Most Intuit, Inc (Nasdaq: INTU) announced that Robert Boyer has been named to the company’s U.S. Accountant Council advisory board. Intuit’s mission is to power prosperity around the world, and it accomplishes this through its innovative ecosystem of financial management solutions that […]
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Invoicing Mistakes to Avoid
Keeping a record of your sales is important especially when it’s time to make your financial reports. Staying up to date and organized with your invoices will show you how your business is growing and can even strengthen the relationship you have with your clients. When you run a business, there are mistakes to avoid […]