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Salt Lake City Bookkeeping Blog

5 Critical Year End Bookkeeping Items to Increase Your Bottom Line

Posted by Austin Walker on Jan 6, 2016 8:45:00 AM

The end of the year tends to be a festive time. A lot of time away from work, Christmas, New Year's, and seeing family. However, that doesn't stop the mind from thinking about the year end tasks that come from owning or working in a business. In the case of a company's books, there are five critical year end bookkeeping items that not only help a business forecast the upcoming year with accurate numbers, but also slide into the new year with relative ease.

It's no secret that tax season is coming, either. At the end of the year there tends to be a lot of talk around tax liability, 1099s, and meetings with CPAs regarding the tax plan. These critical bookkeeping items can help make these year end tasks more simple.

 

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Topics: Bookkeeping, Small Business Bookkeeping, Tax Tips, Year End Planning

7 Checks for Small Businesses at the End of the Year

Posted by Austin Walker on Dec 30, 2015 2:40:23 PM

Christmas has come and gone, and now it's time to get cracking on the end of year tasks. For a small business, this can tend to be a lot of work. We've compiled a checklist for entrepreneurs that are looking to try and save some time. The checklist is compiled of 7 important things that all small business owners should be looking at before the end of Q4. Not only do some of these checks get a business ready for tax season, but it also prepares them for the year as a whole. Business News Daily also put together a decent article for tax prep.

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Topics: Bookkeeping, Small Business, Tax Tips, Year End Planning

Dialed in Bookkeeping System

Posted by Austin Walker on Dec 9, 2015 7:00:00 AM

Although the end of the year is packed with family to see, things to do, and places to go, it's also a time that business owners are preparing for next year and getting ready for tax season. Attempting to prioritize the attack on work seems like a job in itself, and it never seems to work exactly as the way it did last year. However, we've put together a list of items that mean big picture planning for your next successful big year.

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Topics: Bookkeeping, Small Business, Year End Planning, Hiring, Building a budget

Finding the Time for Your Small Business During the Holiday Season

Posted by Matt Roberge on Dec 10, 2014 7:18:00 AM

It can be really difficult to find time for your business during the holiday season. Many people focus on other things during the holiday season; and for good reasons. It is a great time to kick back, relax, and enjoy time with your friends and family. However, ignoring your business in between Thanksgiving and Christmas can be detrimental to the success of your business. There are so many important business tasks you need to accomplish prior to year-end and when they don't get done lack of time is typically to blame. You need to make sufficient time for your business during the holidays and here is what you should be focusing on.

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Topics: Year End Bookkeeping, Financial Forecasting, Business Budgeting, Year End Questions, Year End Planning, Strategic Planning

4 Critical Bookkeeping Tasks for December

Posted by Matt Roberge on Dec 3, 2014 7:00:00 AM

December is a critical month for every business on a lot of levels, but definitely from a bookkeeping aspect. Many small business owners struggle with finding the time for their business during the holiday season. However, putting your bookkeeping on the backburner in December is a huge mistake. There is too much to be done before year end for your books so you need to stay focused. Small businesses typically focus on hitting their sales goals, assessing the budget, or concentrating on their personal lives in December but your bookkeeping needs attention as well. Here are four critical bookkeeping tasks you need to attend to every December.

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Topics: Year End Accounting, Year End Bookkeeping, Small Business Bookkeeping, Year End Questions, Year End Planning, December Bookkeeping

Do You Make Time for Your Small Business During the Holiday Season?

Posted by Matt Roberge on Nov 26, 2014 7:00:00 AM

Ahh the holidays are upon us. I typically equate the day before thanksgiving as the official start to the holiday season. It can be an overwhelming time of year on a lot of different levels. You need to make time for your family, try and shop without getting trampled, all while continuing to run your small business.

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Topics: Year End Bookkeeping, Tax Preparation For Year End, Grow Your Business, Year End Questions, Year End Planning