Efficient Small Business #3
Long Island Bookkeeping Strategies for Managing Your Small Business More Efficiently I was speaking to a Long Island Bookkeeping client this week who was having trouble getting the day to day financial workings of their Long Island business under control, and while trying to get the little things...
How much is your business really making?
- Five important reasons to track revenue and expenses Do you really know how much you’re Long Island Small Business is making? We at Margo’s Bookkeeping assume that you know how much you are charging for your products and services. We are hopeful that you also know your Long Island Small Business...
Adopting Healthy Long Island Bookkeeping Habits Can Change Your Business
The most valuable advice that we can offer your Long Island Business is to take accounting seriously. Margo’s Bookkeeping likes to think of it as treating your small business and finances the same way you would treat your health and personal fitness routine. We all make personal fitness goals and...
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...