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financial bookkeeping tips for contractors


What to Bring to Your Tax Preparation Service

If you have set up a meeting with a tax preparation service of some kind, then you will need to know what to bring to your meeting so that the accountant, CPA, or other tax preparers can effectively do your taxes beyond documentation supporting your identity. You will need to bring paperwork that shows your income for the year, and any expenses that could count as tax deductions, so here's a look at the specifics of each requirement. Read More 

New Employer? 5 Steps To Choose The Right Payroll Schedule

The timing of your payroll is a valuable consideration not just for employees but also for the employer. Taking too long can be detrimental to retaining good staff and meeting your obligations. However, a short payroll schedule can put a burden on the company. How can you find the right timing for each step of your process? Here are a few steps to figure it out.  1. Check Regulations. State and federal law governs the parameters of how payroll is handled. Read More 

About Me

financial bookkeeping tips for contractors

As a renovation contractor, I have a lot of things to worry about each day. I have to think about my customers, my business, the insurance I need and even the employees that I have working for me. All of these things keep me busy enough without having to worry about keeping up with my financial bookkeeping each day. How do you keep up with the financial bookkeeping so that you don't make any errors that could cost you a whole lot of money? I have worked with my accountant to develop a process that has helped me and I have shared the tips he has taught me right here on my blog to help you.

Latest Posts

What to Bring to Your Tax Preparation Service
22 July 2020

If you have set up a meeting with a tax preparatio

New Employer? 5 Steps To Choose The Right Payroll Schedule
22 July 2020

The timing of your payroll is a valuable considera

Not Making A Profit? Don't Miscalculate Cost Of Goods Sold
1 December 2019

Understanding the true cost of producing your good

Working With A Certified Public Accountant To Manage Your Finances
14 September 2019

Financial management is an essential aspect of bui

Nearing Retirement? 4 Ways To Avoid Problems With Your Medicare Enrollment
2 May 2019

If you're nearing your 65th birthday, your mind is