OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Fiscal Cliff Averted- New Tax Rates
January 3, 2013 by Ed Becker
The fiscal cliff was avoided late Tuesday evening so what does this mean to your tax rates. Here is a brief summary Tax rates For tax years beginning after 2012, the income tax rates for individuals will stay at 10%, 15%, 25%, 28%, 33% and 35% (instead of moving to 15%, 28%, 31%, 36% and […]
Sales Tax Check Up Time
January 2, 2013 by Ed Becker
As sales tax laws constantly change, is your Company compliant? There are experts out there who stay on top of these changes, you should check out are friends at Sales Tax Defense who provide helpful hints for check ups.
What Expenses Can I Deduct as a New Business?
November 30, 2012 by Ed Becker
New business owners want to sleep soundly at night, but sometimes an endless array of questions circles in their heads as they prepare the logistics of operating a new business. Typical questions that startup business owners ask are: What type of entity do I set up? Where do I incorporate? Can we hire subcontractors? Does my […]
You Can Help Employees Hit By Hurricane Sandy-Tax Break.
November 13, 2012 by Ed Becker
As a small employer located on Long Island the devastation and impact on people’s lives here can not be explained in words. The goodness in people is abundant everywhere you look, neighbors taking in neighbors, charities being created, food and clothing centers springing up over night, and now the time for employers to step in […]
What Size CPA Firm Is Best for My Business?
October 31, 2012 by Ed Becker
As your business starts to expand, the need for expertise from an outside advisor, either a CPA or accounting services firm, becomes more critical. You can no longer piece together your accounting records once at the end of the year and know what is going on with your business. You need useful, accurate information every […]
Should I Hire a Payroll Service or Do it Myself?
August 22, 2012 by Ed Becker
Unless you are a payroll expert, we strongly recommend using a payroll service. Here’s why: A small business owner who is concerned about growing his or her business doesn’t have the time to keep up with the rules & regulations of payroll, especially in a multi-state environment. Yes, all new businesses are concerned about the cost of a […]
How Do I Close My Year-End in QuickBooks?
July 20, 2012 by Ed Becker
Closing the year in QuickBooks is a “must do” step once your year-end is complete and/or once you have sent your file to your CPA. You want to ensure that data does not change and more importantly, make sure you don’t enter data into the wrong period inadvertently. It happens frequently and often creates more […]
Do I Hire a Bookkeeping Service Or A Bookkeeper?
May 27, 2012 by Ed Becker
Let’s assume that you decided to hire a bookkeeper as opposed to a bookkeeping service like Outsource Your Books LLC How would you interview and select such a bookkeeper? There are many variables involved that you as a business owner may or may not be capable of making. Recruiting is more of an art than […]
