For all the small business owners out there, keeping up with invoices, late client billings, and taxes- it never really quits. All year long you’re documenting, receipt-keeping, and staying organized…, right?
Soon it will be peak tax season again. Are you prepared? Did that client ever pay that summer invoice? Did you accidentally count an expense twice? Make it easy on yourself. This year, finally hire yourself a bookkeeping and tax specialist.
What is a bookkeeping and tax specialist do exactly?
A bookkeeping specialist is more than just a tax advisor. A tax specialist or tax professional is someone who can guide you through the increasingly complex rules and regulations regarding taxes. In some cases, regulations change every year. It’s a tax specialist’s job to stay up-to-date on all this shifting information, so you don’t have to. This is part of what we do at HWB Services Inc.; however, many of my clients also utilize our complete bookkeeping services. They are busy men and women trying to focus on bringing in revenue and running the day-to-day needs of their business. Keeping track of every line item is time-consuming, nor is it easy to stay abreast of new regulations that may have just came into effect this year.
How do I know if my business is ready for bookkeeping and tax services
Consider the following:
1.Keeping track of your books and taxes are daunting, but they don’t have to be
There’s no doubt about it. Filing your tax return can be an intimidating task. A tax specialist takes that burden off your shoulders. That’s some serious peace of mind. Plus, we will review your previous tax returns to make sure you’ve been filing correctly. So, that’s nice.
2. Taxes take up time you don’t have to spare.
If you own a business, your time is limited. Filing taxes is time-consuming. If you’d rather get back to working instead of banging your head against the wall deciphering complicated tax code, it’s easy. Hire HWB. Plus, taking the time to check your books month-over-month can be overwhelming.
3. “Am I doing this right?”
If you’ve ever felt uncertain while filing your taxes or wondered if you made that target profit margin, it’s time for a bookkeeping and tax specialist. Keep in mind before you can even file taxes accurately your books need to be managed correctly year-over-year! Paying a fine from the IRS never feels good when you’re working hard to support your business.
Additionally, you might be surprised to learn that many of our savvy business clients have double-invoiced customers accidentally. Nor, knew of their government classification options, and why one would be beneficial over the other. For example, not all solopreneurs should be an LLC. It’s the natural filing many solopreneurs and small businesses select but your industry, services, and revenue structures all come into consideration. Sounds like a lot to think about, right? Our clients are experts in their fields, and likewise for HWB Services Inc. We have been in the field for over a decade, and have a passion for number crunching. The founder even made proprietary software and built the computer he works on- just saying.
4. A specialist can save you money.
A bookkeeper has an eagle eye for inaccurate book entries, missed deductions, and tax credits. We’re trained to understand the ins and outs of the tax code, and GAAP policies galore. Finding deductions and unpaid invoices are dollars added directly back to your bottom line.
5. You’ve got questions, HWB has answers.
Because let’s be honest. You have many questions, and that’s great! We love assisting clients that are passionate about their business because we want to help them structure for growth. Whether that be the size of their gross revenue or employee headcount- we are ready to assist.
We are also exponentially quicker with answers than if you were to dial into the IRS for help and spend hours in a phone queue. Sometimes working face-to-face is the best way of doing business even if face to face is really via Skype- something we do with our out of state clients.
6. Reduce your risk of an audit!!!
If the IRS starts asking any questions, we will be able to guide you through the process. If you file solo, you’re on your own.
7. Discover your own best strategies.
A bookkeeping and tax specialist can help you create invoicing, bookkeeping, and tax strategies to ensure you’re on track during the rest of the year based on you and your own unique business needs. This is where HWB Services really shines. Instead of fumbling with a pile of crumpled receipts next year, you’ll already be at the top of your game.
If you’re ready to have highly organized books that provide you with not only an accurate financial picture but keep your business poised for crucial financial goals, it’s time to talk. Still, have a few questions? No problem. HWB Services Inc. offers complimentary consultation calls, click hereto set-up a time to talk.