By MarksNelson on December 11, 2017Almost two weeks down and two to go. December 2017 is nearly half over. If you’ve wrapped up all your accounting work for the year (except for last-minute invoices and expenses), that’s great.
By MarksNelson on December 4, 2017The final payroll run of 2017 is rapidly approaching. You’ve made it through another 12 months of sweating paycheck calculations, dealing with compliance issues, and submitting payroll taxes and filings. Can you breathe a sigh of relief now? Unfortunately, not yet. You may still have some unfinished business where payroll is concerned. If you want to be prepared to start fresh when you return to the office after the New Year, ask yourself these 10 questions:
By MarksNelson on December 1, 2017While you started 2017 with the best of intentions to keep your financial records organized, you may find yourself scrambling to find receipts and other documentation to prepare your tax returns. All too often, it is accounts receivable that presents the greatest challenge. More than 70 percent of small businesses outsource their tax preparation, according to the 2015 Small Business Accounting Report. Outsourcing does not eliminate the need to plan in advance. Here are six tips to help small business owners prepare for tax season.
By MarksNelson on December 1, 20172018 is getting uncomfortably close, and you probably have some items left on your accounting to-do list. Is there anything about year-end reports on there? If not, try to find some time to compile—or generate, if you’re using QuickBooks—the numbers from 2017 that will provide insight on your financial activity.
How are you doing on your end-of-year accounting checklist? By now you should have tried to collect on all payments due from customers and paid up your December bills. If you haven’t, try to make those top priority right now. The last week of December may be too late.
Maintaining a positive cash flow is the name of the game as you get ready to close down the year. You’re undoubtedly trying to collect on unpaid invoices before December 31 and minimize expenses.
By MarksNelson on November 21, 2017Don’t let the spirit of the season soften your resolve to end the year with a positive cash flow. Now is the time when you should be following up with customers who have not arranged payment for overdue invoices. Once you get into the second week of December or so, it’s harder to get your customers’ attention.
By MarksNelson on November 21, 2017December is always a tricky month for small businesses. You probably have extra expenses, things like bonuses, customer and vendor gifts, and year-end charitable donations. You may be catching up on taxes and employee reimbursements, paying up bills, and making last-minute contributions to retirement accounts.
There is no substitute for personal attention. It enables us to truly connect, so we can understand your perspective, anticipate your needs and provide the best solutions. That means real conversations, not impersonal emails.
At MarksNelson, we think curiosity is a virtue. After all, any accountant can focus on your numbers. We get down to business by first learning yours, inside and out. Our associates work to understand not only what you do, but why you do it.
The team at MarksNelson believes that the smallest point can be just as important as your biggest line item. Our goal is to deliver a quality product, prepared with great attention to detail and accuracy. Whatever industry you are in.
We work to be vigilant with everything we do. But why? The truth is... every firm says they will put you first. MarksNelson does more, by keeping on track and informed. We want to collaborate with you to provide you with the solutions that you need.
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