About Me

Accountants and Your Family Business

Running a family business is fun, rewarding and a great way to spend time with your family. I know. My name is Anne, and I have been involved with a family business for over a decade. I started the business when I was single. Later, I got married and "hired" my husband, and since we had children, they have been involved too. As my business has grown, I have had to deal with a range of complex financial issues from adding my husband as a partner to setting up special funds for new employees to figuring out the most financially advantageous way to pay my kids. My accountant has been an invaluable part of that process, and now, I want to share why. If you run a small family business and want help from an accountant, this blog will explain what you need to know.

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2020

3 Reasons Why Small Businesses Need to Hire Competent Accountants
Every entrepreneur ventures into business to grow and succeed. If you want your business to thrive and remain profitable for decades, you must have a solid business strategy. The critical component of a business strategy that many people overlook is bookkeeping. If you are not aware of how much your business is making and how much is going to expenses, you might spend a lot of time thinking your venture is profitable when it's not.

Why Tax Accounting Services Critical for Your Business
When some people think of tax accountants, they tend to associate them exclusively with businesses rather than enlisting their services for personal needs. This assumption is usually base on the fact that since one can easily download accounting software online, they do not need the assistance of a professional. The reality is that tax accounting is not a small feat. First, the process can be incredibly complex. Second, the process can differ vastly from one taxpayer to the next depending on streams of income, individual professions, and so on.