OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Tax Season 2017 Prep for Your Accountant
February 6, 2017 by Ed Becker
Tax season seems to pop right up nearly as soon as the holiday season ends. If you have stayed on top of your bookkeeping, and kept everything current, then tax season is not such a stressful time. If things have lagged behind, it is time to get it all in order for your accountant. By […]
Year End Small Business Accounting Tune Up (Update)
December 19, 2016 by Ed Becker
As a small business owner, you know that December isn’t just about holiday festivities and the holiday season. December is also another year end accounting season. It’s when you need to compile and prepare end of year documents for your CPA, so they can file everything for you before the upcoming deadline. Which accounting documents will your CPA […]
Independent Contractor or Full Time Employee? Bookkeeping Tips and Strategies
October 23, 2013 by Ed Becker
In terms of bookkeeping, the difference between full time employees and independent contractors is essential knowledge for small business owners. Incorrectly classifying your workforce could lead IRS penalties, costly lawsuits, or both. How to Classify an Independent Contractor The primary identifying feature of independent contractors is their ability to control the method in which work […]
Creative Perks to Boost Employee Morale
October 15, 2013 by Ed Becker
As a small business owner, it is hardly realistic to offer huge bonuses and stock options to keep your employees happy. Fortunately, there are many other creative (and affordable) strategies that will keep your team feeling positive and operating at peak performance. Thinking outside the box can make huge impact on your corporate culture, without […]
7 Simple Tax Breaks Small Businesses Always Overlook
August 19, 2013 by Ed Becker
Tax return preparation is a daunting task for Fortune 500 companies and sole proprietors alike. Every business has a unique financial strategy, but one goal is consistent across the board – pay less taxes! There are literally thousands of potential breaks hidden in federal tax code; it just takes some digging to find them. Let’s […]
Using Classes Effectively in QuickBooks
June 5, 2013 by Ed Becker
Accounting is all about information for effective business management. Classes are one way to get the answers you need quickly and easily. It’s easy to forget sometimes in the hustle and bustle of keeping track of bills and invoices and customer payments and tax time and everything else that accounting isn’t just about numbers. Properly […]
Can I Receive Interest On A Sales Tax Refund?
January 23, 2013 by Ed Becker
The simple answer is “yes,” but each case is different. Check out the article I found pertaining to this at the following link: Elusive Sales Tax Refunds
Bookkeeping Year End Checklist
January 7, 2013 by Ed Becker
The year has come and gone and now is time to get information to your CPA for tax return purposes. In reality, a small business should be performing all of its essential accounting functions during the year and on a day-to-day basis. Let’s face the facts: small business owners get sucked into daily fires and it’s […]
