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Salt Lake City Bookkeeping Blog

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

End of Year Tax Planning for Your Small Business

Posted by Marti Major on Oct 29, 2014 7:00:00 AM

Be proactive – start planning for taxes now.

Before the holidays hit, before the snow flies, before the busiest time of the year, you want to start your tax planning. Take the time to think about your 2014 taxes. Failure to plan and implement can cost you big time. Your time and your money are at stake. Leaning into the process and meeting it head on will reward you both in terms of less effort and likely less taxes to pay.

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Topics: Year End Accounting, Year End Bookkeeping, Tax Preparation For Year End, Tax Tips, Year End Questions

Year-end Checklist for the Small Business Owner

Posted by Matt Roberge on Oct 20, 2014 7:00:00 AM

It's that time of year again. Can you sense it? Year-end is just around the corner. The rivers are getting cold, the smell of fall is in the air, snow is starting to show in the mountains and everyone is getting excited for winter (at least our office is). However, there is a lot to do before year-end for the small business owner. Too many small business owners tend to kick back and relax as the year wraps up. For many business owners Thanksgiving through Christmas is a time to take a laid back approach to their business. Taking that approach leaves you behind in your business and that is no way to start a new business year. Here is a year-end checklist for the small business owner.

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Topics: Year End Accounting, Year End Bookkeeping, Small Business Growth, Year End Questions, Small Business Management

Did Last Year's Tax Prep Hurt This Year's Bookkeeping?

Posted by Joe Mazur on Apr 4, 2014 6:30:00 AM

Depending on how your small business's bookkeeping system is set up, you may be extremely stressed as April 15th approaches if your books are a mess or you may not even blink an eye since your bookkeeper handled the books properly throughout the year.  As the old saying goes, nothing can be certain but death and taxes.  Since taxes have to be paid each year, why avoid it until the last minute?  Why push it off and have a negative impact on your business?  If the proper procedures and systems are put in to place then there really is no need to worry or stress as the deadline approaches.  One of our many mantras at Salt Lake City Bookkeeping is that year-end bookkeeping shouldn't exist.

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Topics: Year End Accounting, Year End Bookkeeping, Financial Advice, Year End Questions, Business Culture

Don't Be The Issue At Year End, Become The Leader

Posted by Alex Viau on Nov 8, 2013 7:00:00 AM

We've stated it before and I'm going to state it again, year-end bookkeeping should not exist.
All of us here at Salt Lake City Bookkeeping treat 12/31/13 simply as another month to close the books for our clients. The critical task at year-end for us is just a review with the owners before we submit the books to the respective CPA for filing taxes. Think about it, you wouldn't submit a paper to your professor without looking it over, we're humans and we all make mistakes. The critical reviewer though happens to be you the business owner. Without your help we won't have the necessary tools to achieve a financial nirvana of sorts to close your books out for an entire year. Here are four roadblocks that we usually run into at year-end.

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Topics: Year End Accounting, Year End Bookkeeping, Bookkeeping Tips, Year End Questions