OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
THIS JUST IN – FROM THE NJ DIVISION OF TAXATION
September 15, 2013 by OSYB Staff
The New Jersey Division of Taxation will be sending 2012 benefit applications in early October. But they also want to inform residents of an Annual Corporate Records Form that is being sent out by a private company soliciting a fee of $125 for recording. This is not a state form nor requirement. To read more.
It’s time to eliminate many tax-exempt status designations
September 15, 2013 by OSYB Staff
The Internal Revenue Service is discussing how to revamp the tax-exempt status designations. There has even been a suggestion of totally removing all designations and starting over. Which may seem drastic. But there are some legal implications also in the works with a suit against a large university having exempt status but still making a lot […]
How to Set Up a Chart of Accounts
September 6, 2013 by OSYB Staff
Once you have your accounting system set up, and you have hired a bookkeeper now you need some basics in accounting. Starting with your chart of accounts set up, it is not nearly as scary as you think. Chart of accounts are basically your files for financial activity. Read more here.
How to Start The Bookkeeping Process
September 6, 2013 by OSYB Staff
Setting up a bookkeeping process can seem confusing. But even if you have chosen to hire a bookkeeper you need to have something for them to work with. It is very important to track all of your financial information in an organized fashion. These are some great tips for getting started.
How old is too old to start a small business?
September 6, 2013 by OSYB Staff
Think you are too old to start a business? This is the story and lessons of one couple who decided to retire with a new business venture. They did their research and laid out business models to ensure they were making an investment that would supplement their retirement. Read their story.
How to Integrate Psychology Into Your Marketing
September 6, 2013 by OSYB Staff
Do not focus all of your energy on traffic generating strategies in your marketing. A very effective boost to sales is to integrate psychology into your marketing scheme. Getting visitors mentally prepared to purchase from you will make them much more likely to actually complete the purchase. Read more about psychology in marketing.
Setting Up Your Accounting System
September 6, 2013 by OSYB Staff
You can easily become overwhelmed in setting up an accounting system for your small business. You are not alone. But having a solid accounting system is absolutely necessary. It is the foundation of your small business. To learn some great advice for getting started, read these steps by Vicky Boatright.
7 Simple Yet Effective Social Media Tactics You Should Leverage Today
September 6, 2013 by OSYB Staff
Social media is ever-changing, if you are not utilizing this medium you are missing out on an extremely profitable tactic. Learning the ropes does not take as long as you may think it will to jump on the social media opportunity. For great tactics in getting started and staying on top read here.
