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How Can Tax Preparation and Filing Become a Hassle-free Experience?

By Analytix Editorial Team

February 9, 2009 1 Comments
How Can Tax Preparation and Filing Become a Hassle free Experience

The income tax filing season can be a difficult time for many business owners. The IRS is flooded with inquiries from exasperated businessmen regarding tax filing from February till May each year. If you are one of the people who need guidance on your tax issues, browse through the official Internal Revenue Service website www.irs.gov/

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Save 40% of Your Bookkeeping and Accounting Costs by Hiring a Service Provider

By Analytix Editorial Team

January 22, 2009 1 Comments
Save 40% of Your Bookkeeping and Accounting Costs by Hiring a Service Provider

The importance of bookkeeping and accounting in a business cannot be stressed on enough. Every business owner knows that the progress of his organization is based on the financial condition of his business. But not many people take the pains to hire a professional for their accounting needs. Hiring in-house staff is a stressful procedure,

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Most Overlooked Tax Deductions By Small Business Owners

By Analytix Editorial Team

December 31, 2008 1 Comments
Most Overlooked Tax Deductions By Small Business Owners

Tax time is a dangerous time. It’s all too easy to miss a trick and overpay. There is nothing worse than preparing Income Taxes and finding that there were many deductions you could have taken advantage of to lower tax bill. Not keeping track of deductions can be very costly. It is essential to follow

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How To Avoid the 7 Deadly Bookkeeping Sins?

By Analytix Editorial Team

October 22, 2008 3 Comments
How To Avoid the 7 Deadly Bookkeeping Sins

If you are a business owner from a non-accounting background, you need to be aware of the 7 deadly bookkeeping sins you need to avoid while handling your bookkeeping and accounting task: Do not try to do it all yourself or hire unqualified help: Time equals money. If you try to do everything, you will obviously

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What’s The Scariest Thing Facing You This Halloween?

By Analytix Editorial Team

October 21, 2008 0 Comments
What's The Scariest Thing Facing You This Halloween

This Halloween what is the scariest thing you are facing as small business owner? Is it the economic crisis haunting your business, dogging your every step? Are you scared of the suddenly tight fisted clients who are not buying? Has your banker suddenly turned into a mean tight fisted goblin? Is planning your budget giving

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Is the Liquidity Crunch Shackling Down Your Business?

By Analytix Editorial Team

September 18, 2008 3 Comments
Is the Liquidity Crunch Shackling Down Your Business

The burning question on every business owner’s mind will be the impact of the current economic recession on their business. ML, Lehman Bros., AIG… what darkness awaits in future? Small businesses, for the most part, are on a strict budget and do not have a lot of expendable capital. Smart tactics one can adopt to

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8 Steps to Efficient Bookkeeping

By Analytix Editorial Team

September 12, 2008 4 Comments
8 Steps to Efficient Bookkeeping

Business record management or bookkeeping might be of low priority compared to other revenue generation activities, however regular record management not only makes business reports more sensible, but can prove a real stress relief during tax submission. Here’s what you can do to make record management easy: Maintain separate accounts for business and personal provisions.

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Do you know how much a Bookkeeper will Cost you?

By Analytix Editorial Team

August 25, 2008 0 Comments
Do you know how much a Bookkeeper will Cost you

While doing some research I came across payscale.com which allows you to make search of salary/compensation basis multiple categories. These are the findings on bookkeeper’s salary. Role Wise: Experience Wise: Type of Company: The above data are rough estimates basis the information filled during search. But it throws an overall idea of how much it

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Does Your Business Need Professional Accounting Help?

By Analytix Editorial Team

August 18, 2008 0 Comments
Does Your Business Need Professional Accounting Help

Most small business start ups are focused on surviving the initial tough years. As an owner you neither have the time or energy to hire talented skilled employees nor the budget to accommodate them on regular basis. The result is you end up compromising. This means either doing the accounting work yourself whenever you get

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Is Managing Your Accounts Receivable and Accounts Payable Always a Hasty Job?

By Analytix Editorial Team

August 6, 2008 7 Comments
Is Managing Your Accounts Receivable and Accounts Payable Always a Hasty Job

Accounts receivable and accounts payable (AP/AR) is about business credit. Credit makes the business world go ‘round. The vast majority of businesses cannot get by as all-cash operation. If you give credit to your customers, you have to track your accounts receivable, managing and collecting the money owed to your business by your customers. Having

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