How To Find A Small Business Accountant In 2021

 

A small business owner is like a captain of a ship sailing towards their destination. But every good captain needs assistance to sail his boat. He cannot handle everything on the deck on his own. It is possible to do bookkeeping services with accounting software but hiring a small business accountant is better. Some duties are more difficult to perform. An accountant can handle the job and certain challenges that come with it.

But do you know where to find one?

Choosing the accountant for a small business is a lot like choosing a vendor or an employee. You have to follow certain criteria to pick the best fit. You need to find someone who fits your business criteria and can benefit your company.

What Is The Role Of A Small Business Accountant?

Managing your company’s financial tasks is not as black and white as one would like to be. Handling debits, credits, and recording transactions is a job of a small business accountant with the right level of expertise.

A business accountant is an expert who can investigate or examine the company’s finances and takes care of the financial statements. He prepares the reports and makes sure all data is correctly mentioned.

An accountant can do several things for a small business like;

• Take care of the tax deduction.

• Find evasive information for eg disappearing inventory, increased expenses on product manufacturing or slow sales, etc.

• Balance the cash flow.

• Prepare the financial reports on time to handle cash flows better.

• Prepare and file for tax returns and so on.

An accountant for a small business can do all of that and more but finding the person to do the job is the key to managing the financial side.

See More: https://www.myaccountsconsultant.com/find-quickbooks-accountant/

Online Accounting Services For Small Business

 

Wanting to hire online accounting services for small businesses like a bookstore is not surprising at all. With a huge list of books in inventories a proper ledger and bookkeeping system is required without a doubt. Not many share the love of books you may have. Hardcover books (paperbacks) are now being quickly replaced by e-books and online websites. But if you are a bookworm who loves the feel of a book in their hand, then you will be following your passion. You just need the right strategy to jumpstart your bookstore business.

It is not possible without small business accounting services. You need professional experts for professional consultation and hire them permanently for the job from the very beginning.

Competition is tough. Online book retailers’ sales reached around $13.4 billion (and it was way back in 2009) imagine how far reaching it will be now?

Bookstore retailers are quite common these days and therefore outpacing the need of the traditional bookstores. But if you find and hit the right consumer market, even a local bookstore can be successful.

How Online Accounting Services For Small Business Helps To Stay Afloat?

Many retailers or local bookstores find one aspect difficult more than ever. Running the operations smoothly in terms of inventory management and sales is critical for this line of business. Bookkeeping services for small business is just what you need to make sure that your inflows are more than your outflows.

The job of the bookkeeper will be to keep proper check and balance on the target sales, expenses like the cost of pricing and promotions, stock levels, and so on.

See More: https://www.myaccountsconsultant.com/

Find the Best Tax Preparation Companies in Houston

 

Do you feel like you're drowning in a sea of paperwork? It's time to call the professionals. Tax preparation company is here for all your tax needs.

Here are the top Tax Preparation Companies in Houston, TX

Britz Financial Group

Britz Financial Group provides tax services including IRS representation, tax planning, tax problem resolution, payroll services, and tax preparation. The owner of the Sugar Land business is a member of the Texas Society of Enrolled Agents, the National Association of Enrolled Agents, the National Association of Tax Practitioners, and Keep Sugar Land Beautiful. Clients have praised Britz Financial Group for its easy tools and prompt, responsive staff.

MyaccountsConsultant

MyaccountsConsultant has been offering professional tax preparation and tax accounting services to individuals and businesses in the US since 2008. We’re your most suitable option for tax preparation services because we continue on all the newest revisions and updates to the State and Federal tax regulations. We’re constantly checking out new tax breaks and deductions we will use to save lots of our clients money on taxes. From income tax returns to business tax preparation services, we exerting to attenuate tax liabilities for all of our clients.

Byron L. Riley, CPA

Byron L. Riley, CPA has more than 20 years of experience working with small businesses. The firm prepares taxes, provides individual and business strategies, consults clients on non-filed tax returns, handles payroll tax problems, consults clients on bankruptcy, and consults clients on Innocent Spouse Relief. Byron L. Riley is a Certified ProAdvisor for QuickBooks and has received praise for his quality customer service and professionalism.

Carballo Tax Services

Carballo Tax Services has been serving individuals and small businesses for more than 30 years. The family-owned business provides income tax preparation for individuals, income tax returns for churches and nonprofit organizations, bookkeeping and payroll services, accounting services, and form preparations. Clients have praised Carballo Tax Services for its professional, helpful, and experienced staff.

Resource : Tax Preparation Services Houston

Find the Best Tax Preparation Companies in New York, NY

 

Do you feel like you're drowning in a sea of paperwork? It's time to call the professionals. Tax preparation company IN New York is here for all your tax needs.

Here are the top Tax Preparation Companies in New York, NY

Crystal Tax Inc.

Crystal Tax Inc. began in 2011 and has positioned as one of the leading tax preparation firm in New York. Throughout the years they have prepared various tax returns for business and personal taxes. Being customer-satisfaction focused, one of their core principles is to offer excellent service to business and individual clients.

Their team is not just a service provider, what is essential to them is that they are your personal or business tax advisor. They will be the best help available who will assist you resolve your tax issues. Among the services that they offer include bookkeeping system, corporate taxes, individual tax preparation, business tax preparation and more.

MyaccountsConsultant

MyaccountsConsultant has been offering professional tax preparation and tax accounting services to individuals and businesses in the US since 2008. We’re your most suitable option for tax preparation New York area because we continue on all the newest revisions and updates to the State and Federal tax regulations. We’re constantly checking out new tax breaks and deductions we will use to save lots of our clients money on taxes. From income tax returns to business tax preparation services, we exerting to attenuate tax liabilities for all of our clients.

R & G Brenner Income Tax

Tax is a serious concern, and thus, should be given serious attention. R & G Brenner Income Tax has the complete experience and knowledge to handle you tax service needs. Their longevity in the business is the results of the firm’s unmatched value and high-quality customer service.

Aside from their effort to offer the best quality tax services at affordable rates, you can enroll in their Clients Reward Program. In here, you will receive $50 cash when you refer new clients to them. So, what can R & G Brenner can do to help you? They can assist clients with tax preparation, remote tax services, corporation setup and dissolution, and more.

Tax Master Financial Services Corp.

If you are concerned about your taxes, then you can opt for Tax Master Financial Services Corp. This tax services firm provides full service financial consulting as well as tax and accounting services. They provide clients with expert advice and knowledge with regards to taxes. TaxMaster consists of professionals who are members of National Association of Enrolled Agents (NAEA) and National Association of Tax Practitioners (NATP). By knowing that these specialists will handle your tax concern, you will attain peace of mind not worrying about your taxes.

Resource : Tax Preparation Services New York

Find the Best Tax Preparation Companies in Chicago

Do you feel like you're drowning in a sea of paperwork? It's time to call the professionals. Tax preparation company is here for all your tax needs.

Here are the top Tax Preparation Companies in Chicago, IL

1st Chicago Accounting, Inc.

1st Chicago Accounting, Inc. is a Chicago business that serves individuals, small businesses, and corporations. The business provides accounting, business advisor, and tax services. Tax services include strategic tax consulting, e-filing, tax planning, income tax return preparation, IRS problem resolution, and payroll tax succession planning. Brad Filmanowicz has a CPA and Master’s Degree in Finance, and has more than four years’ experience as a business advisor and tax accountant.

MyaccountsConsultant

MyaccountsConsultant has been offering professional tax preparation and tax accounting services to individuals and businesses in the US since 2008. We’re your most suitable option for tax preparation services because we continue on all the newest revisions and updates to the State and Federal tax regulations. We’re constantly checking out new tax breaks and deductions we will use to save lots of our clients money on taxes. From income tax returns to business tax preparation services, we exerting to attenuate tax liabilities for all of our clients.

Community Tax, LLC

Community Tax, LLC is a Chicago full-service tax business that has helped thousands with their tax needs and has been serving clients for over five years. The business’ services include bookkeeping, accounting services, tax preparation, and tax resolution. Community Tax, LLC offers a free consultation and a referral program. The business has an A+ rating from the Better Business Bureau and is Consumer Affairs accredited. Clients appreciate their professionalism, responsiveness, patience, and knowledge.

Evenhouse & Co., P.C.

Evenhouse & Co., P.C. is an Elmhurst accounting business that has been serving Chicagoland and surrounding states for over 50 years. Services include business consulting, QuickBooks consulting, audit services, accounting and bookkeeping, full-service payroll, estates and trusts, and tax planning and preparation. The firm also offers IRS representation. Evenhouse & Co., P.C. is a member of the American Institute of CPAs and the Illinois CPA Society.

Resource : Tax Preparation Services Chicago

QuickBooks Pro to Enterprise

 

Whether you are a current user of QuickBooks, or you’re still considering which accounting software to invest in, you should know about QuickBooks Enterprise.

Quickbooks Enterprise boasts more features than any other version of QuickBooks and is Intuit’s “mid market” offering. While it does cost more that QuickBooks Online or Desktop, the unique benefits more than make up for the extra cost of the software.

1. Backups are Easier Due to the Vault

The vault in QuickBooks Enterprise makes it easier for you. The Vault is a secure folder that holds your company data, and lets you back up any information on the computer without modifying or deleting anything inside the vault. It's a safe way to back up all of your files so that if something happens to your computer, you can restore from backup with ease.

2. Support Is Better for Longer

A QuickBooks Enterprise subscription opens access to free tech support for the accounting software for a period of one year at no cost. While the Pro software has this option too, the support is only available for a single month. If you are just switching over to the accounting software, you will need support for longer than a month. Additionally, the technical support available to Enterprise users is provided through the Intuit Priority Circle, which is staffed only by senior reps who deeply understand the product.

See More: https://www.myaccountsconsultant.com/quickbooks-pro-to-enterprise/

Now that you know the many amazing benefits of QuickBooks Enterprise, why don’t you give it a go yourself? The benefit of extra storage in the online vault, increased user capacity, and remote access privileges make the Enterprise version a worthy investment. What’s more, these are only some of the benefits you gain. The advantages of this version of the software truly outweigh the cost, especially if you see your business expanding in the future.

What You Need To Know About Accounts Payable

 

What exactly is accounts payable (AP) and what do the entries entail? Essentially, it represents the obligation of a firm to pay off their debts to the respective creditors and suppliers in a stipulated timeframe. The failure to make these payments can result in your business defaulting. While the balance sheet is filled with lots of information and many sub categories, none of these categories can even be compared to the AP section. Here, you can manage the records of the money which you might owe any party that enables your business to continue operating. As an inexperienced business owner, it can be overwhelming to keep track of your accounts at the start.

Why is this Section So Important?

The accounts payable section in the books of your business is so important because it captures the short-term liabilities that you have to deal with. It is usually marked by IOUs from your business to an external entity. However, note that it is only credited when the invoices have been received. When these bills have been paid, then it will be debited. The account can be found under the current liabilities account on your company’s balance sheet. It is useful because it shows you the grand total of money that your business owes to lenders and vendors.

Common Trends

If you see that your accounts payable section seems to be growing larger, instead of shrinking, it means that your company is buying more items on credit. If this is the case, you should relook your business model and pay for things in cash, or reduce your spending to reduce the amount of debt. Conversely, if the opposite were to happen, you might be paying back your debt at an unsustainable rate. As such, having a firm grasp over the spending and returning habits of your company is important when you are optimizing the cash flow of your business.

How Can You Record Accounts Payable?

If you have chosen to use double-entry accounting for your business, you will need to account for an offsetting debit whenever you credit anything into the ledger. Recording your accounts payable is pretty simple. All you need to do is to credit the account every time your business gets a bill or an invoice. Once this is done, add a debit in order to offset the credit to balance your balance sheet. Typically, you will find that the expense account that is linked to the item you purchased on credit will be debited. Note that when you pay the bills, you need to debit it in your accounts payable. Doing so will help to decrease the current liabilities and will make your balance sheet more current. Balancing will require you to lower the cash balance for the same amount of money.