Own A Small Business? Why You Need A Third Party Accountant

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If you’re the owner of a small business, you’re likely looking for ways to conserve profits so you can grow your company.  While this way of thinking works as it pertains to things such as getting a good price on tools and supplies, it may not be the right approach to tackling administrative responsibilities.  You need to have the right people in place so that you can put your sole focus on increasing productivity.…

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Sales Tax: Common Mistakes By Small Business Owners

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One of the major accounting functions a small business owner has to fulfill is turning in their sales tax. Though there are some states in America that don’t have any sales tax, the majority either have sales tax or a similar general excise tax. A failure to report sales tax correctly could lead to substantial fines and penalties. Taxing the Wrong Items Some states tax products and other states tax both products and services.…

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3 Reasons To Consider Filing Your Taxes Early This Year

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Many people put off paying taxes until the last possible day that they can file to put off dealing with numbers or facing a high tax bill. However, even if you owe the IRS money, there are benefits that come with filing your taxes early. Here are three reasons you should consider doing your taxes as soon as possible this year. #1 Thwart Identity Fraud Every year, millions of dollars of tax returns are claimed through false returns filed by individuals who have stolen someone’s identity.…

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