Bookkeeping is probably not the most exciting part of your day, but it is a crucial components of running your business that cannot be ignored. Whether you hire someone else to so it of you or do it on your own, it needs to be regularly maintained and monitored. By keeping your financial records organized throughout the year you will be able to keep your business focused. Additionally you will be able to assist your accountant when it comes time for the financial year end.
Here are 12 bookkeeping tips to help your business stay on track and flourish:
Find a good bookkeeper
A professional bookkeeper can train you on your software, answer any questions and fix any mistakes that might have been made. Ask for help when it comes to running your business in the best way possible. Your business can only benefit when your financial affairs are all in order.
IRS Gives Tax Relief to Victims of Hurricane Matthew; Many Extension Filers in North Carolina Now Affected; Relief for Other States Expected Soon
IR-2016-131, Oct. 11, 2016
WASHINGTON –– North Carolina storm victims will have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, with similar relief expected soon for Hurricane Matthew victims in other states, the Internal Revenue Service announced today. All workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization also qualify for relief.
Following this week’s disaster declaration for individual assistance issued by the Federal Emergency Management Agency (FEMA), the IRS said that affected taxpayers in Beaufort, Bladen, Columbus, Cumberland, Edgecombe, Hoke, Lenoir, Nash, Pitt and Robeson counties will receive this and other special tax relief. Locations in other states are expected to be added in coming days, based on damage assessments by FEMA.