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We offer full framework consultation or you may need assistance with just one area. Please contact us for information on how we may assist you with managing your practical business processes.

 

We offer additional support to help you maintain the processes that you have developed.  Please visit our Support page for more information.

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The Understated Value of Hiring A Bookkeeper

Leijun Campbell - Wednesday, February 28, 2018

 
Small business owners and solopreneurs continue to make up a growing percentage of the American workforce starting companies that create innovate products and services or maintaining the quality goods they have sold to their customers for the past several decades.

 

If you fall into this category of business owners, you know how hard you have to work to juggle variety of tasks that sometimes may completely be out of your wheelhouse. Finding a local or remote expert such as a bookkeeper, especially in such a frenetic like the middle of tax season (occurring right now if you haven't noticed), can truly help relieve difficult financial management situations. This extra addition to your team can add a third-party, objective perspective that provides incredible value in the end.

 

Bringing in a bookkeeper has several advantages:

 

1) Full focus on your business and day-to-day operations: Often when you are the sole owner or even a co-owner, you can get bogged down in every task imaginable such as administrative work, running out to the post office, cleaning the shop if you have a storefront and more. Plus you want to make sure your customers get the bulk of your attention. By the time you reach the end of the day where you begin looking at those financial documents, you want to throw your hands in the air. Learning to delegate your bookkeeping to a trained professional will alleviate this stress and the person you hire will actually save you money.
 
2) Bookkeepers focus on specific industries: Whether you are a real estate or insurance agency or own a restaurant or retail space, you can find a bookkeeper who specializes in that industry (even though most have a general understanding of most businesses). Since most bookkeepers juggle multiple clients and keep track of the latest trends and updated rules and regulations that you and they need to know to help your business succeed.
 
3) You have the flexibility to hire a bookkeeper on a contract or full-time basis: Before you begin your search for a bookkeeper, you obviously will look at your overall budget to see what you can afford. However, even you cannot hire someone full-time, do not let your trepidation prevent you from hiring a bookkeeper on a contract basis. These contractors bring in crucial knowledge and analysis for cash balances and expenditures every week or month, allowing you to build a relationship and trust that you may not have even expected. From there, you will gain a wealth of knowledge of your company's financial health that can help you start planning for even further down the road.

 

If you have questions about bookkeeping, contact us at leijun@campbellbusinessservices.com!


 

How to Avoid The Tax Season Panic!

Leijun Campbell - Thursday, January 18, 2018

 


 

Along with New Year's resolutions comes the beginning of tax season! As you begin to gather the necessary documents for your employees, vendors, contractors and more, consider the fact that consulting with a professional accountant should also be on your to-do list. Even if you have a strong business background or have a finance or business degree, accounting and tax laws can be difficult to navigate from year to year.

 

Begin by asking yourself these questions:

 

1. Do you plan to start a new business?

 

You may need help finding and selecting the proper financial software for your business. Each industry's financial standards differ greatly from each other in some areas, and you want to make sure you do not misrepresent your financial information in any capacity. An outside accountant can also make sure you set up the software correctly and help you find the right support for future issues.

 

2. Are you a small business owner or solopreneur?

 

An outside accountant will be able to help you with your current financial programs as well as work with you through any updates in those programs. For future fiscal years, you can also use your outside accountant to help you track crucial financial data so you will not feel like scrambling each time tax season comes around.

 

If you have questions about using an outside service for your accounting needs, contact us at leijun@campbellbusinessservices.com!

 

Three Things to Consider When Hiring A New Accountant

Leijun Campbell - Thursday, April 13, 2017

 


Tax season 2017 is finally coming to an end, and we hope you have been able to get everything correctly filed on deadline. Whether you are a detailed individual versed in important tax policies for your small business or you took the step of hiring an outside accountant, everyone can bring a sigh of relief knowing that another year of filing has passed. If you fell into the latter category and experienced a negative or slightly uncomfortable time with the accountant you hired for this past year, we can give you a few tips to make sure the next selection process is much more pleasant.

 

- Hire someone who communicates with you on a daily or weekly basis and has a quality reputation in your state: Reliability in financial management is crucial for any business, especially when you are running most of the operations by yourself or with a small staff. You want an accountant who you can trust with communicating with the right people, compiling the right documents and filing the right reports. Also be sure to check with your state's accounting board to make sure your new accountant will provide you the best experience.

 

- Hire someone who knows the rules of your industry and stays up-to-date with both the big and small changes: Knowing all of the tax and financial guidelines/rules related to your company makes an accountant a viable asset for your small business, especially if your focus is on a niche product or market. You also need an accountant who will keep a pulse on any changes to procedures that could directly affect your business, so that you can focus on making your company the best it can be.

 

- Hire someone who is willing to explain your financial statements fully and answer any questions you may have: Though you will want to spend most of your energy on your company's daily operations while delegating the important details and financial processes to an expert, make sure you hire an accountant who is willing to keep you informed on a regular basis, especially when a potential problem or issue arises. Make sure your accountant has an open door policy when it comes to questions about your company's financial health. No one enjoys shocking surprises when it comes to money.

 

For more information on how we can help you with your financial management, email us at leijun@campbellbusinessservices.com!

 

Getting Ready for Tax Season 2017

Leijun Campbell - Friday, February 10, 2017

Campbell Business Services would like to offer you some #PracticalPoints for Tax Season 2017.

What are some tips that have helped you these past few tax seasons?


A Quick Tax Season Checklist

Leijun Campbell - Friday, February 26, 2016

We’re several weeks into tax season 2016, and we hope you have been able to keep up with the various deadlines that we discussed in our previous post. We also mentioned talking to an accountant if necessary to help you get everything together.

 

If you are about to meet with your accountant, be sure to have the following items ready in your books for review:

  •  
  • 1. Any new equipment purchases
  • 2. Any new investment purchases
  • 3. Vehicular expenses that pertain to your business
  • 4. Home office expenses if relevant
  • A list of any vendors that you are carrying

 

If you need any assistance in preparing these documents, don’t hesitate to reach out to Campbell Business Services with any questions! Contact leijun@campbellbusinessservices.com for more information.

 

 



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