Mar 10, 2015 | Estimated Tax Payments, Tax Planning
Estimated tax payments are due four times a year. For 2014 for instance, the dates were April 15, June 16, Sept. 15, and Jan. 15, 2015. You will notice the date for the first payment was the same as the deadline for your 2013 taxes. It may be necessary to redo the...
Mar 10, 2015 | Estimated Tax Payments, Tax Planning
Most people pay their estimated taxes with a certified return receipt and faithfully visit their local post office several times a year. However, it is now possible to enroll in the federal online payment system, go to the correct website, and set up all four payments...
Mar 10, 2015 | Bookkeeping, Financial Statements, General Ledger
While you should also look to self-audit, it is good business practice to bring in an external auditor. The government requires a number of businesses to hire an external auditor to look at their books and financial statements. However, you should hire an external...
Mar 10, 2015 | Bookkeeping, Financial Statements
Financial statements are known to be the official reports of the well-being of an organization’s bookkeeping and include the statement of cash flow, the balance sheet, and the income statement. You should produce these statements every quarter at a bare minimum,...
Mar 10, 2015 | Bookkeeping, General Ledger
Every organization has a general ledger that lists your accounts and the balance of every account. In this instance, account refers to the different types of financial components a business can have, which includes assets, liabilities, revenues, expenses, and...
