Following is a list of October dates that small business owners, bookkeepers and accountants should be aware of:
S corporations and LLCs have a lot in common and therefore often appeal to the same people. Two major things S-corps and LLCs have in common are:
The IRS recently posted a new web page with links to information on issues that small business owners (specifically those that file Schedule C) commonly face. There is information on starting a business, operating a business, business and employment taxes, IRS forms and publications, and much more. Check it out and share it with your small business clients.
Hourly bookkeeper rates vary greatly. I have seen US companies advertising bookkeeping rates of $10/hour and others charging over $100/hour for bookkeeping services. However, the majority of bookkeepers charge from $40/hour to $75/hour for their services, which from my experience is what competent bookkeepers should charge. I would caution companies to question the competence of a bookkeeper charging less than $40/hour and to think twice before paying more than $75/hour for bookkeeping services.
Intuit announced last week both iPhone and BlackBerry integration with QuickBooks Online. While the majority of the more than 130,000 small businesses that use QuickBooks Online will probably not access their QuickBooks Online account from their iPhones or BlackBerries, some users are likely to do so often to view information such as:
Following is a list of important September tax dates for small business owners, bookkeepers and accountants to be aware of:
There are a number of ways to calculate the value of your business. One way is to simply tally up the value of your company's assets. A second way is to compare your business to similar businesses that have sold recently. A third way is to simply assume your company is worth some multiple of your revenue. However, the only method I recommend using to calculate the value of your business is to calculate the value of future cash flows. A brief discussion of the different methods follows:
Samarak is splitting into two companies, one of which is an internet company which helps accountants, bookkeepers and QuickBooks consultants obtain business over the web and the other of which provides CFO Services to small and medium-sized companies throughout the US. As such, we have launched a new website for the CFO Services side of Samarak and have removed the CFO Services content from www.samarak.com.
If you pay your employees more than once or twice a month, then you might consider doing so less often. The benefits of doing so are:
Following is a list of August dates that small business owners, bookkeepers and accountants should be aware of: