Header Image
In This Issue
Tips For Creating a Smoother Cash Flow
Work Smart to Avoid Tax Surprises
What's In a Business Structure?
Lauri Paxton
Lauri Paxton
Quick Links
Certified to Serve You Better 
Certified QuickBooks Advisor

Certified QuickBooks Online Advisor

Professional Certifications
NOT ALL RECEIPTS ARE DEDUCTIONS

If your receipts aren't adding up or you have questions on year end deductions, capital equipment purchases or need to get caught up on your bookkeeping for year-end, contact us at (724) 359-5022.    

 


Join Our Mailing List

Connect with Us

Like us on Facebook  View our profile on LinkedIn  Visit our blog
It All Add$ Up April News


In this month's issue of It ALL Add$ Up, find out tips for creating a smoother cash flow and why it's important to evaluate your business structure periodically.

Now that your taxes are finished, it's never too early to start planning for next year. Planning and auditing now will eliminate any surprises. Need help getting started? Don't delay; give us a call at 724-359-5022 to schedule an appointment.


We put the AX to your TAX worries! 


Lauri

 

TIPS FOR CREATING A SMOOTHER CASH FLOW
 
Cashflow tips The stress from ensuring you have enough cash for payroll, bills and taxes can be overwhelming.  When things are going well, it seems that money flows in and out of your business like a continuous ebb and flow. However, sometimes the unexpected situation crops up, causing the ebb and flow to stop...and leaving you with a cash flow problem. 

 

As business owners, we all work hard and we want you to continue your successes. So here are 4 key tips to keep your river of cash flowing freely.  Click here to read the details to help you manage your cash flow. 

  1. Go Digital
  2. Avoid Intermingling of Funds
  3. Automate
  4. Verify Expenses
WORK SMART TO AVOID TAX SURPRISES

By the time this newsletter goes out - tax season will have peaked and we're already working into the 2nd quarter of the year.  Many of our business clients work with us each month, and as part of our procedure, we review the financials, profit and loss statements and have a solid understanding of where your tax liabilities are for quarterly tax payments and self-employment estimates.  Our clients aren't surprised when it comes tax season.

 

Since some of our business tax clients are not on a monthly bookkeeping program, we want to highlight some things to review quarterly.   

  • On a quarterly basis - be sure all income, expenses, payroll, and taxes are entered into your accounting software.
  • Determine outstanding A/R and A/P balances.
  • Review financials to determine profitability.
  • Pay and project quarterly estimates for the remainder of the year. 
  • Each quarter review projections and adjust if necessary.

Planning and adjusting as necessary will eliminate surprises come 2015 Tax Season.

WHAT'S IN A BUSINESS STRUCTURE?  
 
Business Entities Whether you're just getting started in business, have been in business for a few years, or are approaching your 20th anniversary, it's a good idea to periodically review your business structure.  As your business grows and expands, a different business structure might offer a better fit for your organization. 

Each type of entity has different benefits and tax implications.  For a quick overview to see if it might be time for you to change, click here.

I hope you find these tax tips helpful.  If you have a topic you would like addressed, drop me a line.

 

Sincerely,
 Lauri

Lauri Paxton 
Paxton Bookkeeping and Tax Services