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It is hard to believe that the holidays are already upon us. This year has flown by for Missoula Bookkeeper and you are probably feeling the same. As we head into the end of the year, it is a time to plan for your business but also to connect with family and friends in meaningful ways.
Beyond the Books: Looking past the financials and into the new year.
There are a lot of financial things to think about at the end of the year: bookkeeping, tax filing structure, bonuses, inventory, etc. But what's beyond the financials? What else can you do to tie a ribbon on the year & start fresh? Here are a few suggestions to save yourself stress in the new year:
What you need to know about giving your employees a bonus.
If you have employees, you know how vital they are to the success of your business. Being able to delegate tasks, serve exponentially more customers, and tap into their unique skills is what keeps the doors open and money in the bank. If you are financially able, you may be looking at end of the year bonuses or other incentives.Here are some things to consider:
Q&A: LLC vs. S-Corp
There is a lot of confusion about the difference between an LLC and an SCorp, and the first thing to know is that an LLC is a legal entity, while an SCorp is a tax filing classification.
Avoid the tax season DRAMA.
Keeping your bookkeeping up-to-date each month allows you to have a clear and accurate picture of your business finances throughout the year, and avoids tax deadline drama. As we get to the end of the year, we are taking a look at our current clients to make sure we have everything we need for a smooth close out and transition into 2023. Here are some of the things we will be looking for and updating:
