In the quest for a fulfilling and prosperous life, the importance of a positive money mindset cannot be overstated. The way one thinks about money can have a direct impact on financial well-being and overall success. Today, Speedy Tax Preparation shares some tips that will help you reshape your financial mindset for a more prosperous life journey.

As a small business owner, managing payroll can be a complex and time-consuming task. Ensuring that your employees are paid accurately and on time is essential for maintaining a motivated and loyal workforce. However, handling payroll in-house comes with its challenges and risks. In this blog, we will explore why your small business needs a professional payroll service and how it can streamline your payroll processes while providing numerous benefits.

Tax season is a time that many small business owners dread. The complexities of tax regulations and the fear of making mistakes can be overwhelming. However, entrusting your tax preparation to professional experts can make a world of difference. In this blog, we will explore the numerous benefits of hiring professional tax preparation services and how they can alleviate your tax-related worries while optimizing your financial outcomes.

In today's competitive business landscape, small businesses are the driving force of the economy. As a small business owner, you juggle countless responsibilities to keep your venture afloat. Amidst managing operations, customer relations, and marketing efforts, bookkeeping often takes a backseat. However, neglecting proper bookkeeping can lead to serious consequences that may jeopardize your business's financial stability and growth. In this blog, we will delve into why bookkeeping is of paramount importance for small businesses and how it can pave the way for long-term success.

Fans of NBC’s Law & Order may have a negative reaction when a suspect gets away because of the statute of limitations, and cheer when the DA still finds a way to prosecute someone that viewers know is guilty. Statutes of limitations exist for a reason, however, and when it comes to your own taxes, you should sigh in relief if the IRS tries to audit you too late.

The tax year (TY) 2022 filing season kicked off on January 23, 2023. Each filing season, taxpayers face a variety of challenges, including choosing a qualified return preparer, locating a volunteer tax return preparation site, selecting tax preparation software, and understanding what they need to include on their income tax returns.

The Speedy Tax Preparation & Bookkeeping Service team wishes you the happiest holidays this season. May the God of great mercy, grace and power. Bless you, at this time of year when we celebrate His birth.

My email newsletter is a one-stop resource for relevant news and content about my business, Speedy Tax Preparation & Bookkeeping Service. I also share information about my services as a tax preparer and bookkeeper in Elizabethtown, North Carolina.

Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:  Marco Carbajo

Original Article Posted on:  March 10, 2019

Link to Original Article:  https://www.thebalancesmb.com/advantages-of-a-bookkeeping-service-for-your-business-4086484

For the purpose of quick and smooth communication, every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the tax business is no exception.

Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:  ROSEMARY CARLSON

Original Article Posted on:   January 04, 2021

Link to Original Article:  https://www.thebalancesmb.com/example-of-a-bookkeeping-entry-for-inventory-transactions-392923

Did you know that every year thousands of tax returns are rejected due to inaccuracies? These incorrect details are usually the result of carelessness, unawareness, or misinformation. As tax season is nearing, you need to make sure that you understand what must be done to avoid errors that can get your returns rejected or, worse, incur penalties and inquiries from the IRS.

While your personal taxes can be fairly simple to someone who has some basic knowledge and experience, business taxes are on a whole other level. Even the most straightforward ones are going to be significantly more complicated than personal taxes. A tax preparer and bookkeeper has plenty of experience efficiently navigating the complex world of taxes, which is why you should consider hiring a professional to manage your business taxes and bookkeeping. 

As tax day approaches, you make sure all your W-2 forms, deductions, and other paperwork are in order, and you will file the perfect mistake-free return this time. Well, that’s not always the case as minor mistakes can happen, and most of the time, they are fairly simple ones. Filing taxes is not a frequent or a regular task, and like most taxpayers, you could put wrong information on their returns. Moreover, as tax rules change every year, it becomes more cumbersome and challenging to file taxes correctly. So to help you get your returns right and avoid some basic errors that could prove costly, Speedy Tax Preparation & Bookkeeping Service has put together a list of the most common mistakes people make on their taxes.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  SEAN ROSS

Original Article Posted on:  Jun 12, 2020

Link to Original Article:  https://www.investopedia.com/ask/answers/121514/what-difference-between-pl-statement-and-balance-sheet.asp

I’m Mary Brown, the proud owner of Speedy Tax Preparation & Bookkeeping Service. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

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