After working with several startups and speaking with many small business owners, we have noticed that the implementation of accounting processes is not always a top priority. To help you avoid making the same mistake, we want to share with you some basic tools and services all new companies should implement before opening for business.
If you switched employment in 2016, you may not have received an email notification that your W-2 is available online. This may not mean that your prior employer did not send you notification, but rather that the employer does not have your correct email address.
Tax season is around the corner… A little planning before year-end can make all the difference.
Are we really talking about taxes again? It feels like just yesterday I was writing about how to track down your W-2 and how to avoid missing important deadlines for key tax saving opportunities. Well, since January is almost here, I want to (share a few tips to help you cruise through yet another tax season. The following list is not all-inclusive. Talk to your tax professional to ensure you are aware of all factors impacting your taxes.
If you are looking forward to taking some time off during the holidays, you will probably be concerned with the long list of tasks you need to complete before and after your vacation, such as those related to the year-end close. Your ability to enjoy that time off might also be tainted by the fact that you’re worrying about work to-dos. In my career as an accounting professional, I have always been involved in the year-end close, yet managed to stay away from the office during the holidays. Before asking for the days off, I refined what I thought was the perfect plan to ensure the year-end close would not fall apart. But, it wasn’t only about convincing my boss that I had everything under control, it was more about my peace of mind. I did not want to be at the dinner table with my family having a conversation about my employer’s external audit team, or the massive data I had to work with to reconcile the accrued expenses account. I wanted to leave the office around December 20th and not have to think about it until January 3rd. Here is my perfect plan for accomplishing my mission:
October was National Women’s Small Business Month! Let’s join in the celebration by connecting with our fellow entrepreneurs, while also gaining some insightful tips so that we can continue to grow in the business world. We will do just that at our next meetup! In addition to meeting other members of our group, we will have our first guest speaker, Marina Warner, from The Warner Firm, who will share with us everything we need to know about business formation and branding.