Do you own a small business? If you do, planning your taxes and having the appropriate bookkeeping processes is critical to the success of your company. In order to ensure the maximization of your tax submissions to federal and state tax authorities, it is important to maintain accurate and factual records of the financial affairs that occur with your business.
Some small business owners do not think about their books or taxes until the end of the year. When running a company, this is the wrong way to approach accounting operations and can result in significant issues with growing your business.
With our bookkeeping services, you can feel confident in your plans for the future by outsourcing and leverage external partners such as here with us, Warner & Schwartz. When you let experts handle your taxes, you can take advantage of productivity benefits and concentrate on other areas of your company.
Perhaps the most significant difference in business and personal taxes is paying the estimated quarterly taxes to the IRS which is dependent upon accurate bookkeeping. Some new business owners do not even know that this is a requirement or even ignore it! If you do not pay your quarterly taxes, you can face fines and other financial penalties from the IRS in addition to the state.
Having accurate financial statements and transactions is a vital part of planning for the future. We understand that running a business is hard work, and strive to provide you the best value in our West Palm Beach bookkeeping services.
This not only reduces your stress around the business, but you can concentrate on income producing activities like marketing and product development.
Our team is passionate about helping small business owners who operate in the West Palm Beach community and we look forward to working with you and your firm.
Interested in learning more? Warner & Schwartz provides a FREE initial consultation to all prospective clients, call us at (561) 686-8666 to get started.