A New Tax Quarter
A new tax quarter is already underway. How’d the last one go for you? Was it simple for you to update your accountant on any significant income or expense changes? Or is that even something you thought about?
Sure, quarterly tax payments are something your accountant estimates for you based on your income and expenses from the previous year. But what if there is a significant shift in your business this year? Well, we have found that the best way to avoid unpleasant surprises when filing your taxes next year is to keep your tax professional in the loop throughout the year.
“But Lorie, that’s really hard to do when I don’t even know what’s going on with my business finances. Everything is thrown into a shoebox at this point.”
I’m glad you said that. Let’s explore the shoebox concept.
Shoebox Bookkeeping and Rapid Business Growth
Are you guilty of “shoeboxing?” Imagine you’ve had a great year, but it’s left you too busy to focus on administrative tasks. All of your receipts are being thrown into a shoe box or an envelope where you promptly forget their existence. You are fully aware that you’ve been bringing in more money, but you are totally clueless what the exact number really is. Don’t worry; I’m about to give you a life saver.
Can you believe the solution is staring right at you? You actually already know what it is, and I really don’t need to say it. You subconsciously told yourself you don’t have the time or the energy to investigate hiring a bookkeeper right now. You’ve never hired a bookkeeper before, but you recognize the need to have someone knowledgeable and skilled in bookkeeping practices. This must also be a relationship with a professional that is convenient to the way you work. After all, what’s the point of hiring a bookkeeper if they end up causing you even more work?
And let’s face it, asking someone to take care of your bookkeeping puts you in a vulnerable position, like asking someone to inspect your underwear drawer. How do you get comfortable with that level of vulnerability without spending time building a relationship with that person? Let’s explore further.
What is a Bookkeeper?
What is a bookkeeper? You know what your accountant does (files your taxes, estimates your quarterly taxes, lets you know of any expense category changes or issues, etc.). But what all is involved with a bookkeeper?
A bookkeeper is a professional who keeps an account of the transactions within your business, such as your income, expenses, payroll (if you have one), etc. A bookkeeper also keeps all of your information up-to-date and accurate, reconciling your account records with your receipts and any transaction records. In addition, they also keep track of all of your transactional documentation, filing it electronically so you’ll have your records if you ever need hard copies.
So what a bookkeeper really does is keep track of your financial dealings so you can stay on top of the state of your business finances with little to no effort. A bookkeeper keeps you sane and frees up your time.
So now, how do you find the right bookkeeper for you?
Hiring a Bookkeeper
Chances are if you’re reading this, then you know me. We’ve met through networking or some other avenue. And if you know me, then you know I am a no-nonsense grandma, running a business that I truly love. The quality of customer care and expertise my team and I bring our customers is something I take pride in. This is why I’ve done all the work for you. I’ve spent the time getting to know my team. I’ve vetted them and watched as they’ve worked with my clients. I’ve checked the quality of their work, and I only keep those who can meet the high standards we set here at Signature Virtual Assistance.
I’ve put in the work so you don’t have to. Let us take that heavy burden off your shoulders and clear your plate. My team and I will arrange your books properly so you can see the full picture with a few clicks on your mouse.
So now you know the simple steps to how you can make tax time a breeze, even if you hate numbers. The next step is to decide to hand the whole project over to us. Contact us today to discuss the many ways we can help your business grow exponentially and run more efficiently. We look forward to your call/email. Thank you!