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taxes

Are You in Hot Water with Your CPA? We Have Tips to Get You Out!

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Are You in Hot Water with Your CPA? We Have Tips to Get You Out!

Are your receipts looking like enormous New Year’s confetti all over the office? Are you having trouble sorting out how to categorize year-end bonuses and client gifts? Did you lose the comparison sheet on your options for travel expenses? Are you scrambling to get your fourth quarter tax details in order? If so, you’re probably feeling like a tea bag in boiling water, hoping your accountant will turn down the temperature. We can help!

Here are several ways you can get more organized for your CPA:

1. Make a folder for your charitable donations and have a copy of the receipt or letter from each organization.

2. Make a folder for those 1099s and 1098s when they start coming in - your CPA needs these...

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Can You Stay in the Ballgame? Checking Your Financial Stats

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Can You Stay in the Ballgame? Checking Your Financial Stats

Is the end of your fiscal year on the horizon? Even though spending time at a ballgame is more fun than reviewing your bookkeeping files (unless you’re us!), it’s important to have a solid financial line-up. Don’t strike out unexpectedly due to poor planning. Let’s get ready to play ball!                                          

Make sure that your business reviews these areas, just as sports teams do:

What are your stats?

Gross Profit Margin = (Revenue minus COGS) divided by Revenue

Where should it be if  you compare to the industry average?

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