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OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Prepare for a Successful Sales Tax Audit (Part 1)

January 30, 2020 by OSYB Staff

At some point or another, it is possible that you will be audited by the Internal Revenue Service (IRS) on the collection and remittance of the appropriate sales tax. It may be a good idea to be prepared way in advance and have a good system in place. Intuit QuickBooks shares some pre-audit tips: Make […]

How to Hire and Retain the Best Employees

January 28, 2020 by OSYB Staff

Your employees are one of your most important assets. Hiring and retaining the best employees should be a high priority in your business model. Inc. com shares what some of the smartest leaders do to bring on the best and brightest and keep them on your team. Here are some of the strategies you should […]

Tax Tips for Savings

January 23, 2020 by OSYB Staff

Vinay Navani, of Merrill, shares some ideas and questions for you to ask your tax professional and possibly save some money on your taxes this year: Is itemizing still the best way for you? In 2019, standard deduction rose to $24,400 for married couples filing jointly and $12,200 for single filers, while itemized deductions have […]

Keeping Tabs on Overhead Costs

January 21, 2020 by OSYB Staff

Overhead costs are expenses and costs that are not directly related to creating products or services but are paid with regularity to keep the business operational regardless of how the business is doing. Here are some examples of overhead costs: rent and utilities repairs and maintenance insurance office supplies accounting taxes salaries for administrative employees […]

How Do You Deal With Passive Aggressive Workplace Behavior?

January 16, 2020 by OSYB Staff

We can’t pick our family and we cannot often pick our co-workers, unless you are the boss, but the truth is most of us are not. Inevitably, most offices have at least one or more employees that play the proverbial passive-aggressive game. One of the most common passive aggressive tricks is when your co-worker sends […]

Feeling Burnout at Work?

January 14, 2020 by OSYB Staff

If it feels like there are too many deadlines to meet or you seem to be the only go-to-person in the office and you are beginning to feel more than stretched and stressed out, and to top if off, you also feel under appreciated and not valued – sounds like it’s more than time for […]

Should You Automate Your Invoicing? Part 2

January 9, 2020 by OSYB Staff

In part 1 of our summary of an Intuit QuickBooks blog, we covered what you should know more about before you decide to automate your invoices. Here is more information as you think about automation: automation will save time and minimize errors when done properly use parts of your current system to start the process, […]

Should You Automate Your Invoicing? Part 1

January 8, 2020 by OSYB Staff

Before you consider automating your invoices, here’s a quick summary shared by Intuit QuickBooks of what you should know before considering this next step: understand your cash flow cycle analyze your cash flow usage discern how liquid you are know your liabilities Once you understand how your business liquidity works, here are a couple things […]