Balancing the Books

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2023

Navigating The Warehouse Maze: Mastering Business Tax Preparation For Warehouse Owners

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When it comes to the world of business taxes, warehouse owners often find themselves facing unique challenges. The tax season is inevitably filled with potential pitfalls, but with a little knowledge and careful planning, it’s possible to emerge unscathed. Warehouse owners face specific tax challenges that can be addressed to minimize tax liabilities and maximize profits.   Deductible Business Expenses One of the most critical aspects of tax preparation for warehouse owners lies in identifying and claiming deductible business expenses. Read More»

Why An Outsourced CFO Is Right For Your Business

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Is your business growing and you are finding it harder and harder to stay on top of your balance sheet? Do you have a bookkeeper or other entry-level professional handling the books but you think it’s time to bring in additional help? Here’s why you might want to look into hiring an outsourced CFO service — such as Scope LLC — as your company takes its next steps forward. Save Money Compared to an Internal Hire Read More»

Why You Should Use Virtual Bookkeeping

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Virtual bookkeeping, also known as online bookkeeping, is the process of recording and managing financial transactions for a business through digital platforms. With the rise of technology and the internet, virtual bookkeeping has become increasingly popular and is quickly becoming the norm for many small businesses. There are numerous benefits of virtual bookkeeping, some of which are discussed below: Accessibility Virtual bookkeeping allows business owners to access their financial records and reports from anywhere at any time. Read More»

Considering Full-Time House Sitting? 5 Things A CPA Can Help With

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Full-time house sitting is a great way to make money and reduce your expenses while seeing more of the world. If you’re planning to take up house sitting on a permanent basis, though, you’ll need to ensure that your finances are in order — and they stay that way. A CPA (certified professional accountant) can help. How? Here are five important tasks they’ll help you with. 1. Tracking Income and Expenses Read More»