Life Changes Lead to Financial Changes

Did you know that a number of the changes that affect your life can also affect your finances and the way in which you file taxes? If your business suddenly goes from being classified as one type of business to being classified as another type of business—something that often happens as the result of very minor changes, such as hiring a few more employees—you’ll have to make some serious bookkeeping changes. Likewise, things like getting married, having children, earning more money at a side job, getting divorced, buying a house, or moving can all impact your finances and will need to be noted in all of your bookkeeping records.

If you’re not a professional tax expert, keeping track of every important change and indeed, even knowing which changes are important, can be difficult. That’s why it’s best to leave this kind of work up to the pros at Susan S. Lewis, Ltd., located in Naperville.