Posts Tagged ‘tax preparation’

Another Tax Deadline is Here!

May 15th  is tax day for some folks.  Those lucky tax-exempt organizations that breezed by the April 15th deadline are finally in the hot seat.  While most private organizations or larger tax-exempt organizations are well aware of the deadline, many small tax-exempt organizations are not in the habit of filing. Forbes’ contributor Kelly Phillips Erb did a great job of breaking down the ins and outs of the May 15th tax deadline and what it means for small businesses like that.  You can read the full article here. At ProLedge, we keep our clients informed and prepared for tax time.  […]

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Tax Day Is Almost Here. Are You Ready?

Tax Day is sneaking up on us and, per usual, people are procrastinating.  It’s estimated that almost one-third of Americans wait until the last minute to file their annual tax return for one reason or another.  With two weeks to the dreaded day, your trusty bookkeeping service provider wants to share a few tax-time tips with our favorite small business owners. Helping your small business better prepare for Tax Day is a win-win.  Your financials will stay in tip-top shape and keep Uncle Sam off your back.  And, us bookkeepers won’t have to sleep at our desks and develop those […]

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‘Tis the Season of Giving (and Tax Deductions)

As small business owners, we’re all looking for ways to support our community during this season of giving.  Whether it be a local organization or a global cause, providing a charitable donation is not only good for the soul, but also for boosting company morale and customer perception.  Not to mention, the benefits of that beloved tax deduction. If you make a charitable donation before December 31, you may be able to write it off on your 2013 taxes. Sponsoring a local charity event, donating inventory or services, making a cash donation, or volunteering, are all considered forms of charitable […]

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End of Year Record Keeping: Let It Be Easy

We’re not wishing away time by telling you this, but the end of the year is near.  How are those books coming along?  I’d bet many of you are behind on your bookkeeping – but that’s okay!  The good news is there’s still time to catch up on your record keeping so you can sail into the holidays with visions of sugar plums (not 1099’s and W2’s) dancing in your heads.  Here are a few quick tips to help you dial back in and set yourself up for an easy end of year: ·      Document availability – Downloaded statements for […]

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DEADLINES.

DEADLINE.  It’s a loaded word with an ominous connotation.  In the world of bookkeeping, the only thing that can make the word any more threatening is to throw “IRS” in front of it. Another critical IRS deadline is fast approaching for those that requested a 6-month extension and many small business owners continue to wait until the last minute to get their books in order to file taxes by the October 15 deadline. This habit of procrastinating is equally demanding and stressful for not only the business owner, but also the company’s bookkeeper. Save this government link for important tax […]

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ProLedge Spotlight: Bookkeeping Advice From One of Our MVP’s

ProLedge Spotlight: Bookkeeping Advice From One of Our MVP’s

Another tax season has come and gone.  We survived! Here are a few tips to make your 2013 tax filing process more of a breeze (and less gale force winds): Don’t push your bookkeeping aside until the end of the year. Let somebody else do it! Hire an affordable payroll service provider and/or CPA to take care of any potential IRS/tax issues and responsibilities. Remote bookkeeping services, such as ProLedge, will likely cost less than having a full time employee in-house and will deliver the same results. Consider onsite training and/or consulting for current in-house bookkeeping employees on better bookkeeping […]

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It’s Crunch Time!

Tax time is upon us.  Here are a few friendly reminders to help relieve the stress of the season. 1. Make sure your 2012 books are closed out. There are only a few days left to get this done. This one step delays the entire filing process. Clients that are slow to get their bookkeeping or accounting firm this data run the risk of missing the filing deadline. Help us help you! 2. 1099’s and W2’s must go out by January 31st. This can’t be done unless you follow rule #1 and get your 2012 books in order and closed. […]

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