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Balance Books By Joe is happy to share informative articles on bookkeeping with local small businesses

Are Two Sets of eyes on your Business Better Than One? (Let the pro do their work)

Posted by on 11:04 am in Uncategorized | 0 comments

Are Two Sets of eyes on your Business Better Than One?  (Let the pro do their work)

Recently I have come across a few clients where I took over their books from them and they were either doing it themselves or they were relying totally on their accountant to catch everything.  As a bookkeeper and person between the business and accountant I found things their accountants missed based on the information they provided the accountant. One of the examples was that several items were classified as owner’s draws because of what they were and the accountant did not ask the client if these were used for business use.  These things...

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Balanced Books by Joe – Your Trusted CT Bookkeeping Service

Posted by on 4:44 am in Bookkeeping | 0 comments

Balanced Books by Joe has been providing accurate, affordable bookkeeping services for businesses in Meriden, Cheshire, Southington and surrounding areas for more than 15 years.  An experienced bookkeeper, Joe Lavoie can help you to keep on top of your business finances, giving you more time to run your day-to-day business.   Take a look at our video below to learn more about the services that we offer:   Looking for a bookkeeper to help manage your books for you? Balanced Books by Joe serves the following towns in...

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Questions to Ask When Hiring a Bookkeeper

Posted by on 6:40 am in Bookkeeping | 0 comments

Questions to Ask When Hiring a Bookkeeper

A bookkeeper can be a great asset to any business, helping to save time and maintain healthy business finances.  But what should you look for when hiring a bookkeeper. What to ask when Hiring a Bookkeeper Here are some questions you should ask when choosing the right bookkeeper for your business: Do they have specific industry experience? While a lot of bookkeeping is quite generic, there are certainly benefits to hiring a bookkeeper that has experience in your industry.  Some bookkeepers will have more experience dealing with restaurants, or...

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Top 5 Bookkeeping Apps for Small Businesses

Posted by on 8:06 am in Bookkeeping | 0 comments

Bookkeeping is a time consuming but necessary process for small businesses.  Save yourself time and improve your workflow with these top bookkeeping apps for small businesses. The best bookkeeping apps for small businesses 1. Expensify – Track your Expenses and More Expensify is a free app for IOS, Android, Blackberry and Windows phone.  The app makes it easy for businesses to keep track of all expenses, in one central place.  Expensify allows you to: Scan receipts Snap billable expenses Track cash expenses Create reports and more!...

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Bookkeeping Tips for Small Businesses

Posted by on 6:05 am in Business Strategy | 0 comments

Bookkeeping Tips for Small Businesses

A smart business owner knows that accurate bookkeeping is essential to their business. They know that without regular bookkeeping their business is vulnerable to serious cash flow problems, inaccurate tax filings and poor finances. But despite the known risks of avoiding it, bookkeeping is often seen as time consuming, it doesn’t always appear to be as valuable as it really is. With the right bookkeeping tips you can reduce the amount of time it takes and get more out of it. 6 Bookkeeping Tips for Small Businesses 1. Be consistent...

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5 Reasons You Should Hire a Bookkeeper

Posted by on 12:35 pm in Business Strategy | 0 comments

5 Reasons You Should Hire a Bookkeeper

It’s something that most business owners would prefer not to have to do, but know they need.  Bookkeeping is necessary for all businesses but often appears a time consuming, unresourceful exercise.  For this reason a lot of business owners choose to hire a bookkeeper instead of doing it themselves. Some business owners decide to manage their books themselves in an attempt to save money, however there are a lot of benefits to hiring a bookkeeper that you may not even realize. So what are the reasons you should hire a bookkeeper? 5...

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Guide to Tax Deduction for Business Miles

Posted by on 6:34 am in Tax Deductions | 0 comments

Do you ever drive a vehicle for business use? If you do you could be eligible for a tax deduction.  Some business owners are unaware of this tax benefit, or unsure about what activities it covers. A common misconception is that the cost of driving between work and home can be included.  The IRS do not class commuting to and from work as business travel, as a result these miles cannot be deducted against your tax expenses.  Despite this most other forms of travel can be deducted.  The IRS allows you to deduct the cost of the following types of...

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US Standard Mileage Rates Decrease in 2016

Posted by on 9:25 am in Tax Deductions, Tax News | 0 comments

US Standard Mileage Rates Decrease in 2016

How many small business owners don’t include the use of their vehicle as a tax deduction? Probably more than you think and those that do usually don’t get all the deductions they are qualified for. Deduction rules change every year so you need to keep up. What is the vehicle mileage rate in 2016? How much tax can you deduct from business miles? If you drive a car, van, pickup or panel truck for your business, the rate of deductible tax on your miles has changed. Beginning January 1 2016 the standard mileage rate has decreased for business,...

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Hire a Bookkeeper to Avoid Costly Mistakes in 2016

Posted by on 3:05 pm in Business Strategy | 0 comments

So many small business people begin a business unaware of the financial complexities of running a business. Year after year, they do their own financial paperwork, usually late at night after a long, hard day at the office. While they may believe the time spent doing bookkeeping DYI style is saving them money, in many cases it’s costing them money; plenty of it. Hiring a bookkeeper to maintain your books will save you money on taxes. You’ll get a clearer picture of where your profits are coming from and what your expenses are. A qualified...

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Bookkeeping Getting in the Way? Hire a Professional

Posted by on 1:11 pm in Business Strategy | 0 comments

Bookkeeping Getting in the Way? Hire a Professional

For a lot of business owners, bookkeeping can be low on their priority list, at least until deadlines are due. When you want to be focusing on your core business, bookkeeping is something that can seem to hold us back. Getting behind with your accounts is enough to cause anyone to panic. When this happens you have two choices: Knuckle down and do it yourself, or hire a professional. While the former might save you money in the short term, it often makes far more sense to hire a bookkeeper. How can a bookkeeper help you business? Whether you...

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