Jan. 2016

It All Add$ Up Bookkeeping and Tax Tips

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We know that your time and money are top priorities to you. In this newsletter, our goal is to give you a few tools to help you manage both of these priorities with a little more ease, and with improved outcomes.

If you struggle keeping track of ALL your business mileage, you're not alone. That's why we're sharing a few apps that make tracking mileage so much easier, and will help you not 'miss' all those short trips that add up to quite a distance. When you miss mileage, you're missing out on a deduction.

We also share information on the importance of understanding tax deductions and provide a list of a few key changes that may impact you. And last, if you need help getting all your bookkeeping processes in order, take a look at our assessment that we offer year round.

We're now accepting appointments for the 2016 tax season. To schedule your appointment, call us at call at 724-359-5022 or send us a note via our contact form.

THERE'S AN APP FOR THAT!

Work Smarter. Not Harder.
Learn about Apps for your business.

Does keeping track of your mileage have you struggling to log the places you've been, and who you were there to meet? Well, there is new technology that is making this easier than ever. Most people traditionally would keep some sort of paper mileage log. They would then have to input it into a spreadsheet after getting back to the office and at tax time add the miles up.

With tax season rapidly approaching we want to show you that there is a different way. Many people are now keeping track of their mileage on different smart phone apps and they can use those apps to export their mileage, and client details. Check out some of the mileage apps we found.

Read More About Mileage Apps

TAX PREPARATION EXPERTISE

Tax deductions matter. Are you capitalizing on all deductions due to you?

As tax season approaches I am always faced with the same question, can't I just file my taxes on my own? The answer to this is yes, you can. The problem comes when you start to complicate the tax return with company expenses, 1099 forms, employee expenses, write offs, travel, etc. As a business owner, and in some cases, an individual with capital gains from stock sale, a house purchase or sale, or the first time your child may be in higher education, the returns become more involved. The more you understand all the deductions, the better off you may be on filing your tax return.

For those of you who choose to go it alone, are you aware of all the tax law changes? Do you study the IRS updates and releases?

Read More about Tax Preparation

MANAGING YOUR BOOKS FOR MAXIMUM OUTCOME

Are all your financial tracking systems in order for the new year?

When it comes to managing your finances for your business, January is an important time of year. As you close out the prior year and begin your tax preparations, it is also a good time to make sure you have all your systems in order for the new year.

Improving upon your prior year processes can save you time and money. The early part of the year is a perfect time for an assessment of the current status of your bookkeeping file and practices.

Paxton Cents-able Solutions Bookkeeping Evaluation

Connect With Us for Ongoing Bookkeeping & Tax Tips

Paxton Bookkeeping and Tax Services

(724) 359-5022
lauri@paxtonbookkeeping.net
http://www.paxtonbookkeeping.net