Tackling Business Taxes

When it comes to your personal finances, you may be pretty well set. Chances are that you know how to file your own taxes and take care of your own finances, even without the help of an accountant. While that’s all well and good, you should know that, when it comes to corporate taxes, it’s a whole different ball game. There are so many rules to be aware of, and these rules often change from time to time. Furthermore, you have to know which classification to use for your business and so much more. If you’re running a business, then don’t even think about filing taxes without the help of a corporate tax accountant.

You can hire a corporate tax accountant if you have a new business or one that’s been around for years. In truth, though, the sooner you can start getting professional, expert help for your business’ finances, the better. Businesses that have taken a “do it yourself” approach for years often have lots of mistakes and past errors to sort through. Don’t put yourself or your business through that kind of hassle, visit Susan S. Lewis, Ltd., located in Naperville, as soon as possible.

Related articles

• Taxman targeting eBay sellers - what you need to do (simplybusiness.co.uk)

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.

How to Make Smart Investments

If you want to have a financial future (and a financial present!) that’s bright, then you need to be making regular, diverse investments. You should have a steady savings account that you can draw from in case of an emergency, as well as property with a high value, a retirement fund, and more.  If you’re not making investments, then you’re not making the most of your money, plain and simple. Fortunately, any good accountant can provide you with some solid advice about which investments might be a good choice for you and about which ones aren’t particularly suited to you and your needs.

Another great thing about working with a professional accountant is that he or she can make sure you’re doing everything legally and by the book. That way, if you ever have to survive an audit you’ll make it through just fine. Audits call every financial move you’ve made into question and if there’s something amiss, an audit will find it. Do things right by hiring a trustworthy accountant from Susan S. Lewis, Ltd. in Naperville.

 

Will an Accountant Make You Rich?

There are a lot of accounting firms out there that claim they can “make you rich.” While this type of advertising may catch your attention, it’s often the mark of a less than scrupulous company. It is incredibly important for anyone who provides you with accounting services to be honest and forthcoming with you from the get-go, which includes not making broad, over-the-top claims. While a good accounting firm can certainly help you to make the most out of your finances, to stretch your money further, and to save for the future, it’s not going to make you a millionaire overnight.

If you have realistic expectations, then you’re a lot more likely to be happy with what an accountant can do for you, which, in truth, is quite a bit. A good accountant can get you set up so that you have more money to spend, since you won’t be wasting money in other areas. An accountant can also help you to build a secure financial future for yourself and your family.

In Naperville, Susan S. Lewis, ltd. is a wonderful option for working with honest accountants who can help you to make the most of your money.

Related articles

• Money Management: 10 Questions to Ask Before Saying "I Do" (quicken.intuit.com)

Credit Scores Matter

You probably already know that you have a credit score, and you probably already know that this credit score is used to make a number of decisions regarding your finances. While you might not be aware of what your actual credit score is, you should understand the major impact that score can have on your life. If your credit score is bad, you may have to pay higher prices for car insurance. You may also have trouble securing any kind of credit or financing, and bad credit scores can even make you ineligible for certain jobs and opportunities.

Knowledge is power, so the first step is to know what your credit score is. You can get your credit score for free online—any reputable tax advisor can show you how. A good tax advisor can also help you to understand your credit score and whether it’s good, bad, or average. And, in addition to providing regular tax help, an accountant can also help you to develop an easy-to-follow, workable plan for improving your credit score a little at a time.

If you think your credit score might be negatively affecting you or if you’re just curious to see what your credit score is, contact Susan S. Lewis, Ltd. in Naperville.

Related articles

• 5 Ways a Bad Credit Score Can Hurt Your Career Growth (50plusfinance.com)