Successful business owners are experts in their particular field and have a “can-do” attitude. Many are also extremely savvy in most, if not all areas of their business, including the financial side. Others, while possessing the same attributes, struggle with managing the financial aspects of their business. This struggle distracts them from growing their business to its full potential.
Bookkeeping is the process of classifying and recording the day-to-day transactions of a business. It’s the gathering of all of the sales, expense and other receipts and collating them into the correct buckets. Accounting starts with bookkeeping as its intrinsic first step, then goes beyond by summarizing, reporting and interpreting the bookkeeping results into actionable information that can be used by management to drive profit and growth in the business.
Our tax system is based on a system of self-reporting. Taxpayers therefore, have the responsibility to structure their affairs in a manner that lawfully minimizes their tax burden. Whether you’re an employee, an independent contractor or a small business owner, you can benefit from the tax preparation services offered by a qualified professional.