With the extension of tax day currently dated for July 15, 2020 you now have more time to prepare for filing, but if you’re waiting until the absolute last second to file your taxes, don’t worry, you’re not alone. Truthfully about 20% to 25% of Americans wait to prepare their returns. But delaying may cause more troubleContinue reading “Late Filing Tax Tips”
Category Archives: accounting
3 Business Categories You’re Likely Overspending On
Have you ever looked at your P&L at the end of the year and thought, “Wow, I spent a lot of money” Looking at the categories, typically it would appear that you can’t cut costs here or there because everything seems necessary. After reviewing your It’s usually one of two things: not enough money comingContinue reading “3 Business Categories You’re Likely Overspending On”
Save money and stress as a business owner
Typically the more money in the checking account the less you tend to worry but when there’s a smaller amount, this brings the stress. This cycle could be never ending if you don’t begin to manage your money more effectively. We’ll show you 5 strategies to begin to manage your accounts which will lower yourContinue reading “Save money and stress as a business owner”
SBA LOAN 2020
Small Business Administration 7(a) better known as the SBA Loan is an amazing tool to finance your business.
What’s in a P&L?
What is a Profit & Loss Statement (P&L)? This is a financial statement that easily summarizes revenues, costs and expenses over a specific period of time. This can be monthly, quarterly or yearly depending on the time frame needed. This document provides information about a company’s opportunity to generate additional profits by increasing revenue or reducingContinue reading “What’s in a P&L?”
Biggest Issues for Dental Accounting
With a new year comes old problems… or not? We’ve done extensive research and received an insight from some of our dentistry clients to address some of the issues they have faced and how they addressed these problems. 1. Annual Budgets. It’s pretty common to have the idea to create a budget. Where many fallContinue reading “Biggest Issues for Dental Accounting”
Should I hire an outside Accountant?
Outsourcing has become a new wave for many small to large companies. Hiring trusted accounting companies versus an in house accountant frees up time and resources that the company can utilize elsewhere. Here are some reasons that many businesses have begun to outsource their accounting needs. SAVING YOU MONEY Outsourcing first and for most isContinue reading “Should I hire an outside Accountant?”
What Makes an Accountant “Good”?
There are good accountants and there are bad accountants. It’s not a lie that accounting isn’t for everyone, but when it comes to your financials, you have to be wary. Organization Why does this matter? You are trusting them to organize and bring order to your financial situation. If you meet with your accountant and […]
TK Accounting & Consulting 