Pros and Cons of Using a Virtual Bookkeeping System

Sept. 6, 2012 - PRLog -- One of the major benefits of using a virtual bookkeeping system is the decreased cost when compared to hiring an employee.

Virtual bookkeepers are considered to be independent contractors, and they are responsible for keeping track of their own income and paying their own taxes (such as federal income tax, state income tax, and self-employment tax).

They are not eligible for benefits that might accrue to an employee (sick pay, vacation pay, and health insurance). They also provide their own office space and equipment, so that you are not paying for office space or equipment (such as a computer or telephone) for them.

source http://www.speedycpa.com/?p=846

About the author Zev Jankovic, CPA
Zev has 14 years of wide-ranging business experience. Zev has a Bachelors
in Business Administration from the University of Phoenix and a Masters in Accounting and Information Management from the University of Texas at Dallas (and a member
of Beta Gamma Sigma – Business Honor Society). He is a Certified Public Accountant (CPA). Zev enjoys spending time with his family, learning Talmud, listening
to music, and hiking in the beautiful Rocky Mountains.