Posts Tagged ‘accounting’

Giving your business a boost

Wednesday, April 27th, 2011

With growth come added responsibility and the undeniable need for proper mechanisms to maintain effective control and corporate governance in a business. For most an accountant is simply someone who keeps tabs on company finances and conducts audits to ensure all is in order.

 

However, this is an overly simplified assumption as accountants play a far more vital role in the growth and maintenance of businesses. Exeter, Plymouth and Torquay are fast growing business areas as more and more people benefit from the popularity they are enjoying. Their central location and transport links have helped make these areas havens for businesses.

 

As mentioned before it is of vital importance to have the proper guidance at the set up and expansion of a business. Accountants in Exeter, Plymouth and Torquay are available but it is always important to find the operation that bests suits your individual business needs by understanding your business inside out. While some may offer you standard advice which can actually be applied to any business venture, a proper service provider will ensure that the solution offered is tailor made for your business. An experienced accountant will understand the practicalities of a business and not just try to preach theories.

 

The implementation of proper implementation of operational controls, strategic support and planning and risk management are just some of the services accountants will provide to administer and maintain the proper functioning of the business. Audits are carried out to maintain ethical practices and to follow required guidelines. To do this the accounts firm has to have an in depth and thorough understanding and knowledge of each client’s business so as to guarantee and maintain success. Having a good working relationship with the client will for obvious reasons help this process and so it is important for the accountants to be as enthusiastic about the business as the client.

 

With the business boom Exeter accountants with just such qualifications can be found. Those offering their clients personalised services with solutions that suit a specific client and not all businesses in general. With such attention, dedication and nurturing the business will find itself growing to its maximum potential and probably beyond!

 

If a business is to grow and flourish as most in Plymouth, Exeter and Torquay are currently doing, proper procedural practices are essential. The services of a reputed accounting firm will be the fertilizer needed to nurture the business. In this day and age it is easy for us to research for ourselves and find a service provided suited to us, so there really is no excuse not to be giving your business the best help it needs to be a success.

 

 

Article Source: http://www.articlesbase.com/accounting-articles/giving-your-business-a-boost-4679928.html

About the Author

Find more about accountants in Exeter and accountants in Torquay.

Small Businesses Find Relief in the 1099 Expansion Repeal

Tuesday, April 26th, 2011

This repeal eliminates the need for excessive bookkeeping and paperwork required by previous 1099 reporting acts.

As a result of last year’s health care reform legislation, the simple task of purchasing a new office desk and chair for your business would have required filing a 1099 form. The Patient Protection and Affordable Care Act expanded 1099 reporting to include payments of $600 or more to corporations as well as payments made for property and other goods.

The Small Business Jobs Act made similar expansions, requiring individuals receiving rental income to issue a 1099 to any service provider, such as a plumber or contractor, for payments of $600 or more. Any individual receiving rental income “shall be considered to be engaged in a trade or business of renting property” (Sec. 6041(h)). In other words, this act extended reporting requirements to individuals who owned rental properties but were not necessarily real estate professionals.

The above acts, set to take effect in 2012, were estimated to recognize an additional $22 billion of income that was previously unreported. However, the requirements set forth were regarded by many as an unnecessary bookkeeping burden. On April 14, President Obama signed the legislation to repeal these reporting requirements.

As a result of this repeal, 1099 reporting has essentially reverted to its original state before either act could have an impact. You should continue filing 1099s as you have in the past. For example, businesses must still file a 1099 form for services rendered, but not for goods purchased. Similarly, individuals owning rental property will not be subject to the same burdens of reporting as real estate professionals.

To offset the loss in revenue resulting from the repeal, the legislation increases the amount of credit that taxpayers must repay on government provided healthcare subsidies. These subsidies are tax credits paid in advance based on the previous year’s reported income. If an individual earns more income than anticipated, and thus receives a larger subsidy than necessary, they will be required to repay at least some of that credit.

The 1099 Expansion Repeal is a somewhat complex subject matter; therefore, one should consider seeking the guidance of a skilled tax advisor. The professionals at Stone Carlie have significant expertise in all aspects of tax law and would be more than happy to discuss your business’s specific tax situation in greater detail. For more tax news impacting your business, check out the Stone Carlie blog.

Article Source: http://www.articlesbase.com/accounting-articles/small-businesses-find-relief-in-the-1099-expansion-repeal-4670931.html

About the Author

Stone Carlie is one of the largest and oldest accounting firms in St. Louis, Missouri.  For 60 years our experienced and qualified professionals have provided professional tax, financial and business solutions for our clients. Our goal is to go beyond the numbers, share what we see, exceed the expectations, and proactively contribute to the financial success of our clients.  Going beyond the numbers is more than our tagline—it’s how we do business

How to Collect More Debt

Tuesday, April 26th, 2011

Collecting debt, in order to be as effective as possible, must be done routinely and persistently. Maximizing the amount of debt recovered is contingent upon a variety of
factors, including the debt collector’s willingness to set aside the necessary
time to engage the debtor and recover the amount owed.

Any company can attempt to collect debt, however, a desire to recover monies owed to your company alone, will not guarantee success.

How to Collect More Debt – Be Persistent

In order to collect more debt you must be willing to devote a lot of your time to contacting your debtor. The time spent collecting debt may include many, many failed attempts at
making contact, before the debtor can even become engaged in a dialogue. Many business owners grossly underestimate the time this process can consume. However, the debt must be at the front of your debtor’s attention in order to recover any amount from them. The longer the subject of owing you money is not addressed, the more your debtor will develop a feeling of having gotten away with not paying the debt they owe you. Persistence is the
key to success in debt collecting. Any lack of consistency when collecting debt will greatly reduce the chance that your will recover the money owed.

How to Collect More Debt – Engage the Debtor

Keeping the debt fresh in their mind will greatly increase the chances of recovery. Collecting more debt will also depend on your ability to effectively engage your debtor. Be sure that your debtor understands that you will continue to pursue payment until the matter is resolved. Let the debtor know that you will find out who they are doing business with, who they work for, where their income source is and that you will use any information and all resources available to recover the amount they owe you. Keep in mind, at this stage, you are not simply asking for the account to be paid in full, you already did that when you originally invoiced them and provided them a product or service. You are now demanding the debtor take responsibility and resolve the matter.

How to Collect More Debt – Resources:

Debt Collecting Agency

Debt Collecting Agencies List

Article Source: http://www.articlesbase.com/accounting-articles/how-to-collect-more-debt-4671369.html

About the Author

Business Development Consultant with over 15 years of experience assisting companies in a variety of sectors, including venture capital/investment firms, call centers, real estate, auto, apparel, durable medical supplies, industrial recycling, industrial fabrication, land development, credit management and commercial collections agencies. Areas of expertise include internet marketing, corporate strategic planning, business writing, risk assesment, sales, call center management, credit/collections and international business strategy.

http://www.retaggr.com/Page/KevinMichael

Why tax help from financial expert is required?

Sunday, April 24th, 2011

Paying out all the taxes eventually shows your own character as well as citizenship. Therefore it is essential that you should pay out the particular tax burden during time to ensure that, the local government will never carry any kind of steps upon you. However, many occasions this turns into extremely tough for those person in order to tolerate the entire taxes problem. One common person doesn’t fully understand the correct administration of all of the taxation, this often, generates quite a few adverse scenarios meant for him. Therefore it is generally preferable to receive numerous tax help right from any of the specialist tax consultant. Simply being expert within the discipline and also due to possessing all of the information with regards to the actual taxation discipline, he could propose you certain free of charge assist tricks to control any tax problem. Visiting a good tax expert is needed if you are presently packed with previous taxes trouble.

 

Amongst the simplest methods to discover this kind of taxes advisor is actually on the web. You will find out there numerous on the internet taxes providers simply by sitting from a single location through that way. Whilst picking out a taxes advisor on the web for tax help, you need to be even more mindful due to the fact often there is the possibility associated with scams there. A professional tax company is definitely this, who has got all of the expertise in relation to the particular taxation discipline and has now already been taken care of a great support track record ever since previous couple of years. He might discover the simplest way to handle all of the taxation within just one technique. The very best benefit of these kind of on the net tax assessment is actually the fact that, you possibly can choose your own provider right from quite a few choices and may deal with your entire taxes issues.

 

They may offer you a number of free of charge tax help to lessen your taxes load. You may also fill the form via the internet, supplied by the free of charge taxes assistance staff. When you have lots of not paid taxation ever since subsequent couple of years, it is possible to estimate this simply on the internet and may determine the entire taxes sum without difficulty. This will help you to solve your entire financial obligation as well as to pay the existing debts in time so that you can easily achieve all types of financial goals.

Article Source: http://www.articlesbase.com/accounting-articles/why-tax-help-from-financial-expert-is-required-4645931.html

About the Author

At Sunshine Services Inc you can get best tax help services. Opt for their unbeatable Naperville accounting, Naperville taxes and Naperville tax return services today.