Davison & Associates, CPAs, Troy, MI Videos
Videos by Davison & Associates, CPAs in Troy.
You probably won’t remember January’s expenses when you wrap up your yearly account in December and that’s okay! That is why we are here to help – give us a call at (248) 643-0026. Don’t make the mistake of some business owners who wait until the last minute to start thinking about your accounting. This often leads to financial troubles as a result. Take control of your finances by keeping up-to-date monthly bank reconciliations to prevent year-end scrambling.
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You probably won’t remember January’s expenses when you wrap up your yearly account in December and that’s okay! That is why we are here to help – give us a call at (248) 643-0026. Don’t make the mistake of some business owners who wait until the last minute to start thinking about your accounting. This often leads to financial troubles as a result. Take control of your finances by keeping up-to-date monthly bank reconciliations to prevent year-end scrambling.
Wishing you a happy New Year! May 2024 be filled with new adventures and good fortunes for you and yours.🥳
There are a lot of nuances to be aware of when deciding to run a business, such as which form of operation to pick. Weigh the pros and cons of each structure before deciding. A sole proprietorship requires the least amount of recordkeeping, but it is not perfect for every business. Another common mistake is whether owners should pay workers as independent contractors rather than employees since payroll can be tedious and expensive. For example, if the IRS finds out that you chose independent contractor as the option when they were more involved like an employee, you could be liable for penalties and back taxes. Choosing the correct type of employment can do a lot for you in the long run. For all your tax-related questions, contact us at (248) 643-0026. We’d love to help you!