NC small businesses need to maintain organized financial files, both electronically and physically. The Internal Revenue Service, although an old government department, has made modern changes to their regulations over the years to accommodate today’s business practices. Businesses still have strict financial obligations, however as technology evolves businesses have easier ways to track receipts and store financial data. Organized...
The Importance of Being Organized
Do you store your company expense receipts in a shoebox? Even if your organizational skills aren't that bad, would you be ready if your company was tagged for an IRS audit tomorrow? When running a small business, your records must be impeccable.
This is where good accounting software comes in handy. Whatever paper records you must maintain (maybe your bank doesn’t offer electronic statements), keep them chronologically...
Independent contractors and small businesses are entitled to annual tax deductions. Entrepreneurs and small business owners who manage their own finances often miss out on write-offs that could cut their expenses and be used for acquiring better resources to grow their businesses. In order to take advantage of these tax deductions, business owners need to find accountants in Raleigh who are experts in small business bookkeeping and tax laws. Executive...
Every small business and independent contractor may have a different tax payment schedule. The federal government has a special calendar outlining different industries and their respective tax deadlines. Self-employed workers and small businesses typically pay their estimated taxes on a quarterly schedule.
Correct and on-time tax payments are critical for small businesses. Late or insufficient tax payments can result in penalties, damage credit and in some cases be considered a crime....
Finding a QuickBooks ProAdvisor in Raleigh is only the first step for a small business looking for accounting and bookkeeping services in NC. The following are a few questions you want to consider when hiring a QuickBooks ProAdvisor to help with your small business accounting and bookkeeping needs.
Who exactly are Certified QuickBooks ProAdvisors and what businesses do they work with?
You may be surprised to learn that many Certified Public...
It’s that time of year again when businesses start working on closing their books. End of year financial statements are used for tax preparation and decision making for the year to come, so accuracy and double checking of work is especially critical. The following is a quick checklist of end of year accounting items you don't want to forget:
End of Year Accounting Checklist
Does your general ledger reconcile with your bank...
QuickBooks Pro is a financial accounting software program manufactured by Intuit. It is the #1 rated small business financial software. Its features help small business owners manage accounts payable, accounts receivable, credit card management and financial reporting. Knowing the benefits of the software and having a ProAdvisor to help walk you through the process can help you get your business information organized and simplify daily and monthly business transactions.
Expense...
Bookkeeping is the maintenance of a business’ financial transactions. Executive Accounting Solutions of North Carolina works with small business owners and entrepreneurs who usually focus on the operation side of their businesses. Most small business owners in NC are too busy with day-to-day services to maintain financial records. Taxes are necessary though, and accurate bookkeeping is critical for small businesses to take advantage of tax breaks, manage cash flow and...
QuickBooks ProAdvisors are accredited accountants, small business consultants and CPAs who have passed rigorous Intuit tests in QuickBooks certification. Certified QuickBooks ProAdvisors work with businesses as they customize software to fit their specific business accounting needs. Special certification levels were created by Intuit, which tests a ProAdvisor’s ability to perform complicated functions in business accounting software. The certification process is always changing to ensure experts stay at the forefront of...
There are a number of duties you have, as an owner of a small business that can get tedious and time consuming. This article looks at one such duty - payroll - and walks you through the steps in evaluating if it's time to outsource, what to expect, how to evaluate a prospective company and your responsibilities.
How do you know...
Our company feels very fortunate to have found EAS to help grow and maintain the business. They have made our day to day accounting run very smoothly. EAS guided us over the last three years through the current down turn and helped us grow. We are very lucky to have Terri and her team supporting us. We highly recommend EAS!!!
— Jamie Dickenson, Legacy Plumbing and Backflow LLC
