Amador Accounting Advises Small Business Owners on Year-End Bookkeeping
By: Michigan SEO Group
For a small business, year-end bookkeeping is a way to wrap up the past year, calculate tax obligation, and reflect on business needs moving forward. It's also one of the most complex and disliked parts of owning a business. Its complexity is compounded by yearly changes in tax laws. Failing to keep up with the laws or with bookkeeping can have detrimental effects on the business.
When done right, year-end bookkeeping benefits a business by providing valuable insight. Including:
• A starting point for next year's budget
• Making ongoing tax preparation easier
• Data that can be used to assess the strengths and weaknesses of the business for strategic planning.
Many business owners just starting out plan to do their own bookkeeping to save money, but often find that bookkeeping involves more than they expected.
If your records are not as organized as you'd like them; if you'll need to learn the laws, forms, and processes as you go; or if you're already burning the candle at both ends running your business, this might be a good time to call Amador Accounting.
Contact us on the website at https://www.amadoraccounting.com or call Lisa Amador at 734-330-0907 for more information about bookkeeping, business consulting, accounting, and tax preparation services.