Is Your Current Bookkeeper Measuring Up?

Is your bookkeeper helping you maximize tax write-offs? Are they actively working to reduce your company’s tax liability? Are they pushing you (nagging) to provide the necessary documentation to account for EVERY POSSIBLE business expense?

Ask yourself the following questions…

• Does your bookkeeper provide suggestions on tax-free contributions (IRA, HSA, 401K)?
• Do they check for hidden business expenses in personal credit cards, bank accounts, or overlooked sources?
• Do you know your Gross Income (Revenue minus the Cost of Goods Sold)? More importantly, do you know how much you need to sell to break even?
• Do you understand your Accounts Receivable? Are you actively collecting outstanding invoices?
• Are your Profit & Loss Statements and Balance Sheets accurate? More importantly, do you understand them?

If you answered NO to any of these questions, it may be time to find a new accounting professional.