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Want Less Stress at Tax Time? Know Your Business in Real Time.

December 5, 2019 / by Charl Riggs posted in Small Business Advice, Bookkeeping Services, Phoenix, Business Advice

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Many people, including business leaders, think of "tax time" as an unpleasant obligation, like going to the dentist. But by preparing for it well before the year is done, you can avoid the stress that precedes tax season each year. Better yet, taking that deep dive into your financials can provide a wealth of insight that can help you meet or exceed your business goals.

Tax Prep: It's Not Just for Your CPA's Sake
As fall turns to winter, it's a good time to take stock of how your business performed this year. One simple way to do that is to gather the information that you're going to have to gather anyway, so your CPA can do your taxes. By keeping up-to-date books year-round, you'll make your CPA happy at tax time.

Beyond your CPA, have you ever stopped to consider the other people involved with your company who could make good use of detailed, accurate financial data? Depending on your business, that can range from your management team to your investors and shareholders.

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Year-End Financial Reporting Can Make or Break a Small Business

December 21, 2017 / by Charl Riggs posted in Bookkeeping Services, Phoenix, Business Advice

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Yes, a competent and reliable bookkeeping team is important at tax time. But that can be just as important at year's end, if not more so. Having clean, audit-ready books will not only help you at tax time, but can also help you prepare accurate budgets as you a build a business blueprint for the coming year.

Garbage in, Garbage Out
That saying is as true of bookkeeping as it is of computer programming. If you've neglected to keep organized, accurate financial records throughout the year, there's only so much your accountant can do for you. Lost a stack of receipts? Forgot to record your mileage last March? Inaccurately logged a sales transaction last summer? You might be out of luck. And even if you're able to enlist a CPA to straighten it all out, it's not a good use of their time or your money.

That's why if you don't have the in-house talent, it's critical to use an outsourced bookkeeping services provider all year long. By establishing thorough, transparent procedures and employing shareable online tools, your bookkeeper will keep an eye on the critical details that business owners often overlook.

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Supporting Strategies Expands to Phoenix

October 3, 2016 / by Leslie Jorgensen posted in News, Bookkeeping Services, Phoenix

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Riggs Becomes Managing Director of New Franchise

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