Balancing the Books

« Back to Home

2021

Why You Need Tax Planning Services

Posted on

Tax planning refers to the process individuals or companies undertake to maximize profit and minimize tax liability. Every citizen must pay federal, state, and local taxes. Thus, people need a proper understanding of their tax obligation to ensure compliance. The Internal Revenue Service (IRS) estimates that about 16% of federal taxes go unpaid annually. A portion of the unpaid taxes can be attributed to unscrupulous individuals practicing tax evasion. However, in some cases, tax noncompliance results from the complexity of the American tax system. Read More»

3 Benefits Of Using A Payroll Service

Posted on

As a startup business, you should look for resources that help you streamline business operations. This way, you can pay more attention to core business responsibilities without risking downtime. And since it is your first time having employees, consider delegating salary payment to a reliable payroll service. Leaving employee payment in the hands of professionals guarantees that all the workers will be paid on time with minimal oversight from you. This article will highlight the benefits of using a payroll service provider to automate employee payments. Read More»

How Service Industry Bookkeeping Can Help Contractors Streamline Their Finances

Posted on

Home contractors have to deal with a lot of different aspects when it comes to running their business. They often find themselves overwhelmed each month with financial paperwork because they juggle multiple roles. This can be difficult for any contractor trying to keep up with all the moving pieces involved in running a successful company. Fortunately, there is a solution: service industry bookkeeping. Here’s how it can help home contractors to streamline their finances. Read More»

Hiring An Experienced Accountant For Services Like Tax Preparation

Posted on

When you work a full-time job and have a family to raise, you may not have a lot of time left over to sit down and do your taxes. However, you also cannot leave them until the last minute. It’s important that you get them filed way before the deadline. As such, instead of trying to do them on your own, you can hand them off to someone who is trained and experienced in filing them for you. Read More»

Becoming An Expat? 5 Tax Issues You'll Need To Conquer

Posted on

Have you moved — or are you planning to move — to a foreign country? Americans living abroad as expats face a variety of unique challenges, and their income tax returns can be one of them. What new situations might you face when you live across U.S. borders? Here are five things you’ll need to address.  1. Reporting All Income The United States tax system doesn’t care where Americans physically earned their income. Read More»