Comments on: Monday Roundup: Tax tips for small business http://www.myorganizedbiz.com/monday-roundup-tax-tips-for-small-business/ Tue, 22 Dec 2009 20:02:14 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jennifer Hofmann http://www.myorganizedbiz.com/monday-roundup-tax-tips-for-small-business/comment-page-1/#comment-147 Jennifer Hofmann Wed, 19 Mar 2008 02:26:00 +0000 http://www.myorganizedbiz.com/monday-roundup-tax-tips-for-small-business/#comment-147 This is great advice, Luke. I agree that there's more to record-keeping than filing taxes. If a CFO pores over a corporations' financial statements, why shouldn't a small business owner? In any case, the adage about "an ounce of prevention" holds true when it comes to bookkeeping. Thanks for the good reminder. Now Luke, just promise to stop by again after tax season's over and give us the hint again, okay? (We'll need it.) This is great advice, Luke. I agree that there’s more to record-keeping than filing taxes. If a CFO pores over a corporations’ financial statements, why shouldn’t a small business owner?

In any case, the adage about “an ounce of prevention” holds true when it comes to bookkeeping. Thanks for the good reminder.

Now Luke, just promise to stop by again after tax season’s over and give us the hint again, okay? (We’ll need it.)

]]> By: Luke A. http://www.myorganizedbiz.com/monday-roundup-tax-tips-for-small-business/comment-page-1/#comment-146 Luke A. Tue, 18 Mar 2008 20:39:15 +0000 http://www.myorganizedbiz.com/monday-roundup-tax-tips-for-small-business/#comment-146 Being an accountant, and an X-Tax prepared, I’ve suffering through a few tax seasons for some of my clients. Jennifer, the best suggestion that I could offer your readers is to stay organized through the year. Unfortunately, most entrepreneurs think that record keeping or bookkeeping are for tax preparation only. FALSE! Keeping good records throughout the year help you make better business decision…and yes they do help your accountant. I’ll be the first to admit that bookkeeping is boring and dull, taxes are dreaded and avoided and most accountants are boring, dull, dreaded and avoided. But don’t let this keep you from diving in at least weekly and writing down those few entries on your yellow legal pad, just so you can stay organized. Being an accountant, and an X-Tax prepared, I’ve suffering through a few tax seasons for some of my clients. Jennifer, the best suggestion that I could offer your readers is to stay organized through the year. Unfortunately, most entrepreneurs think that record keeping or bookkeeping are for tax preparation only. FALSE! Keeping good records throughout the year help you make better business decision…and yes they do help your accountant. I’ll be the first to admit that bookkeeping is boring and dull, taxes are dreaded and avoided and most accountants are boring, dull, dreaded and avoided. But don’t let this keep you from diving in at least weekly and writing down those few entries on your yellow legal pad, just so you can stay organized.

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