The Best Tips for a Small Business Owner Managing Their Own Bookkeeping

As a small business owner, it is crucial for you to practice the right bookkeeping practices. If you maintain good financial records, it will make it easier for you to manage your company’s debts, direct deposits, and items you sell on credit by recording and utilizing invoices. In the absence of good bookkeeping in Santa Rosa, you will end up bankrupt even before you can make your investment grow. Below are some practices that bookkeepers in Santa Rosa suggest every business owner consider when maintaining their own bookkeeping. Separate Business and Personal Expenses – It is important for you as [...]

By Virtual Jeannie|2020-04-29T06:29:20-07:00April 23rd, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

What Happens If You Cannot Pay Taxes You Owe?

The IRS is more powerful than you think. It comes down heavily on people who do not pay their taxes. From property attachment to a jail sentence, tax defaulters can face the IRS’s wrath in several different forms. But what if a person who owes taxes cannot pay due to temporary financial hardship? Will the IRS still wreak havoc on their life? Probably not. If you do not have enough funds to pay your taxes, don’t panic, you’re not alone. Every year some 5 million taxpayers need a payment alternative. Your inability to pay taxes you owe is not the [...]

By Virtual Jeannie|2020-03-05T07:49:28-08:00February 27th, 2020|Bookkeeping, bookkeeping services, QuickBooks|0 Comments

Best Bookkeeping Practices That Can Help You Achieve Business Success

Bookkeeping is an integral part of accounting. It involves recording financial transactions and bookkeeping teams support accounting by overseeing the company’s financial data. A bookkeeping team is responsible for maintaining accurate books on payroll, accounts payable and receivable, and must also record daily financial entries and reconciliations. Given the importance of bookkeeping, coming up with an effective bookkeeping strategy should top the priority list of every business owner. Here are some best bookkeeping practices bookkeeping experts swear by. Use an Accounting Software The importance of keeping a record of all your business expenses cannot be emphasized enough. That said, you [...]

By Virtual Jeannie|2020-03-05T07:49:17-08:00February 15th, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

California Minimum Wage Rising to $13 for Larger Firms

On Jan 1, 2020, California increased the minimum wage for workers employed with larger firms (at least 26 employees) in the state to $13/hour. The minimum wage for employees employed with smaller firms has been raised to $12/hour. California has been continuously increasing its minimum wage since 2017. The end goal of $15/hour will be reached by 2023. Around 20 Californian cities already have a higher minimum wage rate than the state’s mandate. Speaking to the San Diego Union-Tribune, Californian Assemblywoman Lorena Gonzalez, a long-term advocate for workers’ protection, highlighted the need for a higher minimum wage. She said that [...]

By Virtual Jeannie|2020-03-05T07:49:09-08:00January 23rd, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

6 Reasons You Should Outsource Accounting

Cash flow is the lifeblood of any business. How businesses manage their cash flow can mean the difference between success and failure. Every business needs a system for measuring, processing, recording, analyzing, reporting, and summarizing financial information. Accounting does exactly that. From preparing and analyzing financial records to computing taxes, accountants perform a number of tasks. Accounting principles and concepts are complex, to say the least. Rather than burdening your employees with accounting tasks, consider outsourcing your accounting to an accounting firm in Santa Rosa. Hiring expert accountants in Sonoma County who specialize in forensic accounting, management consultancy, recovery, taxation, [...]

By Virtual Jeannie|2020-01-26T22:18:35-08:00January 13th, 2020|bookkeeping services|0 Comments

How to Set Up QuickBooks: Training and Consulting With Virtual Jeannie Bookkeeping Services Inc.

At Virtual Jeannie Bookkeeping Services Inc., we realize the importance of maintaining accurate financial information. When you maintain your books properly and keep them up-to-date, you will be able to calculate the revenue your business generates, the amount of debt the business has accrued, and the profit it has made. This information helps you make strategic business decisions, especially if you are looking to expand your business. Furthermore, when you maintain your books, you will be able to present it to auditors if the IRS audits you. In fact, if IRS questions you, you will be able to check the [...]

By Virtual Jeannie|2020-03-05T07:47:28-08:00December 13th, 2019|bookkeeping services|0 Comments

10 Common Payroll Mistakes Small Businesses Make

All businesses need to have a system in place to manage their payroll activities. However, many businesses end up making mistakes while managing the different elements of payroll, which includes paying employees, filing the relevant government forms, and paying taxes. If you run a small business, be mindful of these 10 common payroll errors. Missing State and Federal Deadline Maintain a calendar to report and deposit payroll taxes to federal as well as state agencies. Late deposits incur penalties and interest charges which small businesses cannot afford. Hiring payroll services in Santa Rosa will ensure you never miss a deadline [...]

By Virtual Jeannie|2020-03-05T07:46:44-08:00November 12th, 2019|bookkeeping services, Payroll Services|0 Comments

What Bookkeepers Do and How They Can Help Your Business

So, who’s going to keep a proper track record of financials after you set your business off the ground? Now, this is where professional, reliable, and trustworthy bookkeeping services like Santa Rosa bookkeeping services comes to your rescue. A good, proficient, and dependable bookkeeper will not only stay on top of business’s financials, but will also keep you informed regarding the financial health of your business. It is a well-known fact that the role of a bookkeeper in a company varies greatly depending on the nature and size of the business. If it is a small-scaled company without an accountant, [...]

By Virtual Jeannie|2020-03-05T07:44:07-08:00September 12th, 2019|bookkeeping services|0 Comments

Are You Prepared to Face the Auditor?

If you are searching for bookkeepers near me, chances are that you are well aware of the financial auditing needs of your organization. IRS audits are the most common forms of audits these days, and all business owners are aware of the same. The sole intention behind the inspections carried out by such organizations is to ensure that your company is operating under the required specifications, and also abiding by the law set forward by the Constitution. For savvy businessmen, these things are well organized, and they know how to deal with certain situations. But for owners of smaller enterprises, [...]

By Virtual Jeannie|2020-03-05T07:39:01-08:00June 20th, 2019|bookkeeping services, Payroll Services|0 Comments

When is the Right Time to Choose Payroll Processing Services?

If you are looking for reliable bookkeeping services near me, you are in the right place! Here, we shall help you get the most out of our content. Continue reading, and unlock the key mysteries of the accounting world. If you have come this far, the chances are that you are seeking answers to your questions about deploying payroll processing services into your business. Well, you might not be sure whether it is the right time to implement your ambitions. To find an appropriate answer, let us first figure out the reasons to outsource payroll-processing services. Companies with limited employees [...]

By Virtual Jeannie|2019-05-30T11:00:36-07:00May 21st, 2019|Bookkeeping, bookkeeping services|0 Comments