Resources for your business
In the US, over 99% of employer firms have fewer than 500 employees, classifying them as SMBs, with 90% of all employer firms having 20 employees or less. Non-employers make up about three-quarters of all businesses (United States Census Bureau, 2012).
Keeping good records can help your business:
avoid paying too much tax
budget for tax payments ahead of time with no nasty surprises at the end of the year
avoid interest and penalties by making it easier to pay the right tax at the right time
manage your business and help it grow
get a loan
pay lower accountants fees - if you use an accountant, well-organized and accurate information will save them time
Sources- click for more information:
http://www.census.gov/econ/sbo/
http://www.sbecouncil.org/about-us/facts-and-data/
http://www.census.gov/econ/susb/
http://www.census.gov/econ/susb/definitions.html
https://www.sba.gov/advocacy/firm-size-data#ne
Key tax deadlines
Starting a Business
KEEP CALM AND HIRE A BOOKKEEPER
Hiring an ICB Bookkeeper to join your staff, or work freelance, is a cost-effective way to reduce the burden of bookkeeping and leave you time to get on with running your business.
Remember- you should always verify your bookkeeper's credentials.
Five things an ICB Bookkeeper can do for you:
1. Save you time
2. Save you money
3. Ensure you're claiming for the right expenses even when you used the wrong credit card
4. Help you with your cashflow
5. Sort out your receipts, chase invoices and pay bills
