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What are back office services?

What are back office services?

Your business requires a lot of effort to keep everything running smoothly. But, you couldn’t do it without your back-office staff. Those are the employees Merriam-Webster defines as taking care of the “...inner workings…” of a business. As Investopedia explains, the...

Is There Anything Wrong With Delegating Your Bookkeeping?

Is There Anything Wrong With Delegating Your Bookkeeping?

When your business grows, and you’re overburdened with tasks, you finally consider releasing some of your self-imposed DIY burdens. You can do it. But if you’re a hard-working, DIY, all-night-long kind of worker, you feel like the love interest in one of those broken...

How Much Time Does it Take to Do My Own Bookkeeping?

How Much Time Does it Take to Do My Own Bookkeeping?

When you decided to start your own garage or art gallery, or hair design studio, you understood that you would take on many tasks. You knew you would run your day-to-day operations. You realized that if you didn’t have enough cash flowing through your new business,...

Are Virtual Bookkeepers Expensive to Hire?

Are Virtual Bookkeepers Expensive to Hire?

If you own a small to medium business, you probably do your bookkeeping. But, like so many other business owners, you probably sit in your office late at night. You run the numbers until you can't keep your eyes open. Then, as you drift off to sleep, you might wonder...

How Does Virtual Bookkeeping Work?

How Does Virtual Bookkeeping Work?

If you’re like many small business owners, you wish your workday could be a bit easier. You put forth a lot of extra effort every day, but that’s often what it takes to succeed. For tasks such as bookkeeping, you could (and probably should) work with a trained...

I Didn’t Keep Up With My DIY Bookkeeping, Now What?

I Didn’t Keep Up With My DIY Bookkeeping, Now What?

As a small to a medium-sized business owner, you have a lot on your shoulders. You handle so many tasks, and it’s easy to lose track of one thing or another. That’s particularly true with DIY bookkeeping. Tracking your financial data requires meticulous daily...

So, What Exactly Does a Bookkeeper Near Glastonbury CT Do?

So, What Exactly Does a Bookkeeper Near Glastonbury CT Do?

If you’re one of those hardworking, do-it-yourself business owners, you run your business with as little help as possible. There’s nothing wrong with working sun-up to sun-down...and beyond sometimes. You probably get a lot of satisfaction out of your hard work and...

Am I In Danger Of An IRS Audit?

Am I In Danger Of An IRS Audit?

When your small business receives an IRS Audit notice, it can come as a complete surprise. Tax audits often seem random and unfair. For the IRS, data analysis often makes auditing an unavoidable, systematic process. Like most massive organizations, the IRS relies on...

Yes, you do need a local bookkeeper in Glastonbury CT

Yes, you do need a local bookkeeper in Glastonbury CT

If you believe every commercial you see on TV, you can run a wildly successful small business out of your garage. You can do all the work without help, and you can become an overnight success. All you have to do is download the right bookkeeping app on your...

You can do your own bookkeeping, but should you?

You can do your own bookkeeping, but should you?

When you go into business, you expect to do more than your share of the work. That’s what business owners do to get their operations up and running. When you're cutting back on expenses, it makes sense to perform the tasks you already know how to do. It probably won't...

What should I do with my paper bookkeeping documents?

What should I do with my paper bookkeeping documents?

If you’ve made the giant leap from paper to digital, you probably still have paper bookkeeping documents everywhere. If you’re like many businesses trying to make a digital transition, you still have file cabinets full of bookkeeping papers and other stacks of paper...

Are you ready for the 2021 tax season?

Are you ready for the 2021 tax season?

As a business owner, you've had a long, challenging year. Until you get through the 2021 tax season, it's not quite over yet. If you're like many businesses, your 2020 was all about lockdowns, layoffs, financial difficulties, reopening, sanitizing, and other...

What happens when your FICA deduction deferral expires?

What happens when your FICA deduction deferral expires?

As a business owner, you’ve endured your share of economic upheaval over the past months. In late March, Congress passed the Coronavirus Aid Relief & Economic Security Act to provide emergency financial relief. Complying with CARES Act requirements has been...

Do you need help with PPP compliance?

Do you need help with PPP compliance?

If you received a Paycheck Protection Program loan, you probably didn’t need help with PPP compliance. The program was a Cares Act provision. The application process was designed to respond as quickly as possible. You didn’t have to provide collateral or personal...

Are You Still a Cash Only Business?

Are You Still a Cash Only Business?

If you’ve always run your business on a cash-only basis, now is a good time to rethink your options. Like all local business owners, you’ve probably been working through some pretty tough times. If you’re up and running, that means you’ve made the necessary changes to...

Breaking Your Paper Habit

Breaking Your Paper Habit

If you’ve been in business for a while, you’re probably paper-addicted. If you’ve considered breaking your paper habit but just couldn't do it, you should know that there is always hope. Paper-addicted business owners rely on paper... everything! You send paper bills...

Would Your Bookkeeping Hold Up Under an IRS Audit?

Would Your Bookkeeping Hold Up Under an IRS Audit?

If you’ve ever gone through an IRS audit, you know that it’s often a hand-wringing experience. The IRS’s goals are no mystery. The examiner wants to verify that your tax return is valid and to substantiate your deductions. He also wants to know that you’re properly...

How Big do You Have to Be to Need a Bookkeeping Service?

How Big do You Have to Be to Need a Bookkeeping Service?

How can you tell if you need a bookkeeping service? Is size the primary measure? What if you’re a small but very busy business? Do you need a bookkeeper if you’re an artsy/creative type with a small but profitable customer base? Yes. Yes. Yes. That’s the answer to all...

5 Reasons Why You Shouldn’t DIY Your Bookkeeping

5 Reasons Why You Shouldn’t DIY Your Bookkeeping

When you run a small to medium-sized business, DIY is often your go-to way to get things done. For a number of important reasons, bookkeeping shouldn’t be on that list. When you DIY your bookkeeping, you can keep an eye on your financial bottom line. That’s a good...

A Remote Bookkeeping Service Doesn’t Take Vacations

A Remote Bookkeeping Service Doesn’t Take Vacations

You work hard to keep your business up and running. During the day, you manage employees, make sales calls, and you fill in where necessary. At the end of the day, instead of heading home, you document and track financial data, manage invoicing, and evaluate your...

Avoid Bookkeeping Disasters

Avoid Bookkeeping Disasters

Bookkeeping is a love-it-or-leave-it responsibility. If you don't love doing your bookkeeping, you should probably leave it to a professional. If you do it because you feel you have no choice, it's perhaps the least engaging, most tedious task of your day. It's no...

Is Your DIY Bookkeeping Working Out For You?

Is Your DIY Bookkeeping Working Out For You?

Are you a DIY business owner? (When you have a task and no one to do it, you just do it yourself.) Like many entrepreneurs, you DIY whether or not it's not the right thing to do for your business. You DIY even when it’s not what’s best for you. Maybe you skip lunch...

5 Benefits of Working With a Remote Bookkeeper

5 Benefits of Working With a Remote Bookkeeper

As a small business owner, you plan for every detail. You budget for major operational costs. You cut expenses by taking on many tasks yourself. Unfortunately, you need a crystal ball to predict the time and effort it takes to perform back-office tasks such as...

11 Tips for Better Small Business Bookkeeping

11 Tips for Better Small Business Bookkeeping

Are you one of those hardworking DIY people who does your small business bookkeeping? If you do, you probably spend nights wading through invoices, reconciling bank statements, tracking down lost receipts, and performing other tedious tasks? That makes sense when your...

Why would I need a consultant?

Why would I need a consultant?

As a business owner, it’s your job to get things done so that’s exactly what you do. Running payroll and keeping your accounts receivables up to date. You also reconcile your bank deposits and payments and make sure you have enough cash to pay the people you owe. Even...

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