How much is your business really making?
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...
Adopting Healthy Long Island Bookkeeping Habits Can Change Your 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...
New York Successful Businesses Follow Good Business Practices
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...
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 Outsourcing Bookkeeping Services in New York- 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...
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
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. Make sure you have your subcontractor’s complete address and...
Where can your business cut costs?
Professional Bookkeeping Advice For Cutting Costs Where can your business cut costs? Small changes can help reduce expenses and improve profitability which can help prevent more painful cuts later on. Some tips will save you more money than others, but the result of your overall spendthrift...
The Importance of Classification in Accounting
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...