Isn’t it frustrating when you’ve sold a product or delivered a service, but you’re still waiting for the cash to roll in? This balance is what you call “accounts receivable” in the business world, and it’s about time we shine a spotlight on it. So, let’s crack this puzzle and discover some key tactics for… Continue reading Accounts Receivable: Key Tactics for Business Wins
Category: Accounting
Changes For 2022 Taxes, Business & Personal
Happy Tax Season! If you’re preparing to file your taxes for 2022, you’ve come to the right place. Tax Season is in full swing here at the William Rogers Company. We love helping businesses and individuals understand exactly how they can minimize their taxes and maximize their returns. In 2022, several significant changes to tax… Continue reading Changes For 2022 Taxes, Business & Personal
Tax Write-Offs For Self-Employed: Don’t Forget These!
Are you among the roughly 16 million Americans who are self-employed? Surprisingly, according to a Dartmouth survey, 70.8% of Americans say they would prefer to be self-employed, yet only about 7% are. While there are advantages, particularly in personal freedom and direction, there are daunting challenges working for yourself. The pressure is always on to… Continue reading Tax Write-Offs For Self-Employed: Don’t Forget These!
Simple Ways To Prepare Your Books For Year-End
Another Pandemic influenced year is coming to an end, and it is time to clean up your books and prepare for 2022. If you have been meticulous about keeping your records up to date throughout the year, closing your books for 2021and generating accurate financial statements will be a piece of cake. But, if your… Continue reading Simple Ways To Prepare Your Books For Year-End
How To Reduce Those Outstanding Accounts Receivable
It has been a great quarter; sales are up, and new orders are rolling in. So why don’t you have enough cash to keep the business going comfortably? Most likely, the problem is an account receivable issue. Outstanding account receivables (AR) issues are normally associated with slow pay or bad debt customers, but they can… Continue reading How To Reduce Those Outstanding Accounts Receivable
Your 2021 Small Business Tax Filing and Preparation Guide
If you’re a small business owner in California, you know what every small business owner knows– that you have to do taxes. Taxes certainly aren’t fun, but they don’t have to be so hard. It may seem daunting, especially if you’re a new small business, but preparation and filing are more simple than you might… Continue reading Your 2021 Small Business Tax Filing and Preparation Guide
The ASCEND Small Business Coronavirus Survival Plan
It’s only been a few weeks of this coronavirus pandemic. But it feels like a decade since it started. Many business owners have been affected by official orders, have seen customers disappear and are fearful of their future. It’s time to start taking action and doing what we can to make it through this. To… Continue reading The ASCEND Small Business Coronavirus Survival Plan
When To Hire an Accountant for your Small Business
Imagine that you don’t have to worry about your books, your cash flows, or your taxes. Well, that’s what a good accountant will do for you. Small business owners often feel stressed over their business’ financial standing, and things start to spiral out of control from there. Put your business in a position to save… Continue reading When To Hire an Accountant for your Small Business
How to Minimize Your Small Business Taxes: It’s Time to Prepare
Tax preparation is the best way to minimize your small business taxes. Whether it is done by tax professionals or you do it yourself, you want to organize your documents and update your tax strategy, so that you can take advantage of tax policies designed to save your hard-earned profits. Business Formation and Taxes The… Continue reading How to Minimize Your Small Business Taxes: It’s Time to Prepare
Tax Smarts: Withdrawing Cash from Your Closely Held Corporation
You just closed your books on 2019 and got that tax shock. Maybe you paid too much, maybe the business had a huge tax bill. Regardless, it’s time to start planning for 2020 and minimize the double taxation that comes with a corporation. So, how can you withdraw cash from a closely held corporation in… Continue reading Tax Smarts: Withdrawing Cash from Your Closely Held Corporation