When you start a business there are 4 different taxes you should be aware of. Unpaid taxes are a major reason businesses fail. Understand , that the money you collect is taxed, so a portion of that money goes to the government. That is why it is beneficial to have a bookkeeper. We will keep track of how much you owe and when you owe it based on the transactions made in your business.
Many people think it is cheaper to start a business without a bookkeeper. To be honest the cost is the same. Especially if you will need them to backdate you records. A bookkeeper is one of the most important business partnership you will have. Make sure that it is one of the first thing you budget into your startup cost for your business. Even if you reach out for a simple consult, there are things you need to know and do to make sure your financial records stay in compliance with your state and the IRS. I have listed 5 reasons you will need a bookkeeper in hopes to help you understand the importance of this partnership.
Half the battle of success is our mindset. I still struggle with this today. Why? Well, it is a continuous change that we have to make daily. Saying an affirmation here and there will elevate you for that moment, but repeating affirmations for the rest of your life will put you in an ever changing lifestyle. It doesn’t just take one time or one decision, it takes everyday making the same decision to be great and to continuously keep moving forward. That’s why many don’t reach their highest potential.