New York Successful Businesses Follow Good Business Practices
So you have a successful business, you need a way to keep track of all that incoming revenue. Additionally, you need a way to keep track of expenses so that you can figure out just how much money your business lets you take home. We’re talking, of course, about bookkeeping and accounting. The...
Should I Switch to Outsourced Bookkeeping?
Over 40% of America’s largest businesses improve their profitability using outside service providers for their bookkeeping and financial functions. Due to technological advances, this same alternative is now available to small businesses. Firms are discovering that moving part or all of...
Accountant or Bookkeeper?
What is the difference between a bookkeeper and an accountant? A bookkeeper handles the day-in day-out financial record keeping and reporting. An accountant specializes in business accounting services, such as the preparation and filing of taxes. Having a good bookkeeper is just as important to...
Outsourcing Bookkeeping Services in New York
Bookkeeping for Small Businesses Many small businesses don’t have enough work for a full-time bookkeeper so they often resort to part-time bookkeepers. In most cases, these part-time bookkeepers are not accounting professionals and lack the experience and knowledge required to keep accurate...
Upcoming Deadlines For 2015
Every year the Internal Revenue Service, requires specific forms to be filed and information to be reported. Heartfelt CFO and Tax Services, servicing New York City and Long Island, caters to both small businesses and larger corporations. Our bookkeeping professionals will collect information and...
4 End of Year Pointers
We need to take the time to do some tax planning so we can be ready for the tax deadlines in the spring. Here are some tips to help close out your small business for the year: Review subcontractor data. If you paid anyone for services that amount to more than $600 during the year,...
Where can your business cut costs?
Professional Bookkeeping Advice For Cutting Costs Small changes can help reduce expenses and improve profitability that can help prevent more painful cuts later on. Some tips will save you more money than others, but the end result of your overall spendthrift strategy could add up to a bundle. Be...
The Importance of Classification in Accounting
Your company’s Bookkeeping system is vital to your business. It is not only the best way to manage your money but the information is also important for generating accurate financial statements and for preparing tax returns. If you misclassify an expense item, it can result in inaccurate financial...
Tax Tips for Real Estate Investors
Heartfelt CFO and Tax Services, of Cedahurst, New York, understands the ins and outs of maintaining proper real estate records. Our real estate accounting services are handled by our team of experts, with years of experience in handling real estate bookkeeping. Below is a list of helpful tips, for...
Bookkeeping versus Property Manager Duties
Maintaining a detailed, up-to-date bookkeeping system is a vital component to any business’s success, but particularly for those in the Real Estate profession. Property managers have numerous responsibilities and do not always have the time and specialized experience to attend to their company’s...