As a business owner you know you need to keep track of your books, reports, documents, and receipts, but you also realize you’re not a naturally organized person. Well, props to you for recognizing one of your weaknesses. It doesn’t mean you are a weak person. You simply need to develop some habits for how to stop being disorganized. These are not best practices, per…
Webster defines Red Flag as “a warning signal or sign; a problem to be dealt with.” Negative accounts are a big red flag in your bookkeeping. Despite popular belief, bookkeeping isn’t necessarily only for doing your tax return, although that’s an added benefit. Bookkeeping is for recording and organizing all of your financial transactions made for your business operations. With good records you are…
It’s January, and you know what that means. 2020 is now in the past and it’s time to start gathering your documents and preparing for a smoother tax season. I know, the word TAX should be a 4-letter word, but it is a necessary evil. Whether you’re an individual, a sole proprietor or small business owner, you need to file your taxes Every. Single. Year….
You’ve made it to the last implementation meeting. You’ve almost learned how to start Profit First for yourself. There’s one final big step to complete before going off on your own. You need to actually do allocations and put what you have learned into practice. If you were meeting with one of our professionals, the fourth meeting would be them observing you going through your…
You’re halfway there. We’ve helped many clients successfully implement Profit First and it’s exciting that you have decided to join the elite, cash saving small businesses. By now you should have all your bank accounts set up and your books cleaned up and organized. The system works best when you go in order. That way you avoid extra work. Read the first two blogs…
Welcome back to our second meeting, well… blog post. At this point you should have gone through your books and cleaned them up as best as you can for now. And then you should have started to make some changes in your process to try and align it with the Profit First system as much as possible. You hopefully have a better understanding of…
Incite Tax & Accounting is a Certified Public Accountant (CPA) firm with offices in Draper, Utah. With over 10 years of experience handling business taxes for large and small Utah companies, Incite Tax is one of the most qualified business CPA firms in all of Utah. No matter your tax needs, Incite Tax is the firm for the job.
Incite Tax believes in sticking it to the IRS. If you’re looking to better your financial situation contact us!
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