Thursday, 19 December 2019

How Can You Know If A Bookkeeper Is Good Or Not? 

At any point in time, you may realize that you need a bookkeeper. However, when you’ll be looking for bookkeeping Services in Stone Oak, you will come across one very important question in your mind; how can I know whether a bookkeeper is good or not?

Bookkeeping Services Stone Oak

Well, before that time comes and you are filled with despair, be prepared instead!

In this blog, we will be talking about the things that will tell you if a bookkeeper is good for bookkeeping Services in Stone Oak or not. Please have a look at the following:

1. Awards and Referrals:
One out of many ways for identifying a good bookkeeper is with the help of a referral from someone. This should be someone whose judgment you can trust. The sources include other business owners, bank representatives, business partners, as well as clients. If you're considering someone online, ask the bookkeeper for references. Also, ask for a list of any recently received service-related recognition or awards.

2. Services and Skills:
Another way is by reviewing skills, experience as well as services being offered. A great bookkeeper will always use up-to-date accounting software. They are detail and math oriented. They have a firm grasp of accounting terminology as well as extensive experience when it comes to tracking accounts receivable and payable and recording transactions. A good bookkeeper is also someone who understands bookkeeping as well as financial challenges for particular types of businesses.

3. Certification:
You must be thinking that a bookkeeper doesn't require possessing a certification to work in the US. However, bookkeepers who possess the Certified Bookkeeper designation from the American Institute of Professional Bookkeepers, are said to be good as they meet certain qualifications for receiving that certification.

4. Work Ethics:
If you’ll come across a good bookkeeper, you’ll see how he or she won't ask you to work on their schedule. Instead, they will be understanding of the fact that your business can run smoothly only when he or she does their job in a timely as well as efficient fashion, which is based on your schedule. A good bookkeeper, for example, would usually provide a guarantee that you will receive the receive monthly financial sheets, at the same time every month.

If you find these in a bookkeeper, you can assure yourself that he or she is a good one! All the best with the hunt!

To know more about bookkeepers and bookkeeping Services in San Antonio, get in touch with Uhlenbrock CPA at 210-701-1040.

Tuesday, 10 December 2019

It’s Time To Clear All Your Doubts About The IRS

When it comes to accounting, it’s always better to clear all your doubts. Now, when we talk about accounting, it is majorly affected by the activities of IRS, which eventually affect you. Therefore, it is time to clear all your doubts about IRS.

tax preparation services in San Antonio

In this blog, we have tried our best to compile some of the most frequently asked questions about IRS. Here they are.

Q1: What should I do if I have unfiled tax returns?
The best and quite frankly the very obvious thing to do is to file your tax returns as soon as possible. With the help of contractors, employers, mortgage holders or the assets, you have purchased, the IRS will find out about the non-payment anyway.  When it comes to fines you would have to pay, they would only increase with time. You might be able to qualify for an Installment Agreement, Offer in Compromise, or Currently Not Collectible Status if you are unable to pay all of your taxes.

In order to prepare for resolving previous years of unfiled tax returns you should collect all tax documentation that would be required for the same. However, if you are not able to find some of the documentation, then professionals can help with tax consulting in North San Antonio

Q2: What are my options, if I cannot pay what I owe to the IRS?
In the case of financial inability, if you are not able to pay to the IRS what you owe, then you might be able to negotiate an Offer in Compromise. This is where you can settle the taxes for a lesser amount than you owe. If you are lucky and the IRS accepts your offer, then you are eligible to pay the amount agreed upon. Moreover, all federal tax liens or levies are removed.
However, the process of negotiating an Offer in Compromise is long and complicated. It can last up to 18 months. The statistics show that around quarter of all offers are accepted. This makes us come to the next point of hiring a professional for tax consulting or tax preparation services in San Antonio. In matters like these, you want to get it right from the beginning. A professional can majorly help. 

For any more questions on the same, get in touch with Uhlenbrock CPA at 210-701-1040.