Is your business ready for tax season?

Is your business ready for tax season?

As an individual or a business owner tax season can be very stressful if you aren’t prepared. If you know you are going to have to call your tax accountant and let them know your receipts and expenses are not in order, maybe you need some assistance from an experienced bookkeeper. As you probably realize, the call to your tax CPA is likely to result in one of two things. Either, you will be told to find someone to get your books organized or that they will do it for you, but at the premium rush rate.

There is a third option. Send them to Profit Boosters LLC and our experienced bookkeepers will work closely with you, and your tax accountant, to get them organized and tax ready.

‘Less work, more money’ is good for your health and for your business.

As an individual or business owner you understand you need to get organized financial information to your tax accountant in a timely manner. If you don’t show up until the end of March or beginning of April, chances are, you’re going to be told to file an extension, That can be horribly frustrating, especially if a refund is involved.

Also, using an experienced bookkeeper to record their transactions will go a long way toward correctly categorizing income and expenses. I’ve seen books where an inexperienced person was in charge of recording transactions. , Because they didn’t understand the difference between assets, liabilities, and expenses, they made costly mistakes.  For example, taking a large expense and categorizing it as an asset caused that expense to not appear in the profit and loss report. That in turn, eliminated it from the expense list causing an inflated profit which was used as the basis of the tax amount.

Another reason to have organized books is for tax planning. Ttax planning should be done all year, not just at the end. If you don’t have books to review with your tax accountant on at least a quarterly basis, it’s a good possibility that you can’t make adjustments during the year that would have saved you time and money on your taxes. Or you could be calling your tax CPA in December scrambling to move money so you have a chance of reducing taxes at that time. Yearlong preparation will make tax season a much less dreaded time of year.

10 minutes with Profit Boosters could save you 10% or more on your profit margins.

Call one of our experts now at 702-878-6191. Or click here to schedule an appointment to find out how we can assist you in find a solution to any of your back office needs.

 

.

logo

Profit Boosters team emphasizes integrity, client confidentiality and excellence.

Your Name (required)

Your Email (required)

Your Message

Contact Info

Profit Boosters LLC.
6623 S. Las Vegas Blvd. Suite 240
Las Vegas, NV 89118

Phone: (702) 878-6191
9:00 am – 5:00 pm
staff@profitboostersllc.com