Bookkeeping is an aspect of maintaining a small business that is dreaded by most entrepreneurs. Despite this being a difficult task, bookkeeping is still a paramount part of running a small business.
-A lower amount of taxes to be paid as a result of your documented expenses
-An easy time gathering information when it tax-time comes
Consequences of not bookkeeping:
-Possibly paying extra taxes from overstatement of income
-Possibly paying extra taxes from understatement of income (from not properly bookkeeping), as well as penalties and interest on those extra taxes.
How do you get bookkeeping done?
-Hire a professional bookkeeper
-Purchase and use bookkeeping software.
If you are doing your own bookkeeping, it is a good idea to practice the software before you jump in. This will help you produce more accurate results for the future and get you acclimated to the software.
It’s not a rumor, bookkeeping is a difficult, tedious task. If you find that this is too complex or grand of task, go to CLG Professional Services to have your bookkeeping needs met. With us, you can trust your bookkeeping is done correctly as to protect yourself from audits.
Go to CLG Professional Services to have your tax needs taken care of.