Samantha W.

Can an outsourced bookkeeping firm like Supporting Strategies | North Shore, MetroWest, Central & Western Massachusetts help a small firm be more Profitable? Certainly! Bookkeeping firms play a crucial role in helping small services firms become more profitable. Here's how: 1. Financial Insights: Bookkeepers provide insights into the overall financial health of your company. By maintaining accurate records, they help you understand your revenue, expenses, and profit margins. It is often less expensive for a small firm to use us rather than have their central management team become their bookkeepers, robbing the firm of potential sales and management decision making. 2. Cash Flow Management: Effective bookkeeping ensures precise tracking of cash flow. By monitoring inflows and outflows, bookkeepers help you identify patterns, manage liquidity, and make informed decisions. KPI ( key performance indicators) dashboard creation , reporting and assistance. 3. Expense Control: Bookkeepers assist in tracking expenses, identifying cost-saving opportunities, and optimizing spending. This helps small businesses maintain healthy profit margins. 4. Tax Compliance: Proper bookkeeping ensures accurate tax filings. By organizing financial data, bookkeepers help you claim deductions, avoid penalties, and maximize tax benefits. 5. Business Organization: Bookkeeping keeps your financial records organized. This allows you to focus on core business activities while ensuring compliance with financial regulations. Supporting Strategies makes great use of Teams, Office 365, automated a/p and expense control and Sharepoint for you to have a more organized back office. In summary, bookkeeping firms contribute significantly to a small services firm's profitability by providing financial clarity, efficient cash flow management, and adherence to tax requirements. So, yes, we can indeed help your business thrive! #bookkeepingservices #bookkeeping #smallbusinessbookkeeping #outsourcedbookkeeping

Can an outsourced bookkeeping firm like Supporting Strategies | North Shore, MetroWest, Central & Western Massachusetts help a small firm be more Profitable? Certainly! Bookkeeping firms play a crucial role in helping small services firms become more profitable. Here's how: 1. Financial Insights: Bookkeepers provide insights into the overall financial health of your company. By maintaining accurate records, they help you understand your revenue, expenses, and profit margins. It is often less expensive for a small firm to use us rather than have their central management team become their bookkeepers, robbing the firm of potential sales and management decision making. 2. Cash Flow Management: Effective bookkeeping ensures precise tracking of cash flow. By monitoring inflows and outflows, bookkeepers help you identify patterns, manage liquidity, and make informed decisions. KPI ( key performance indicators) dashboard creation , reporting and assistance. 3. Expense Control: Bookkeepers assist in tracking expenses, identifying cost-saving opportunities, and optimizing spending. This helps small businesses maintain healthy profit margins. 4. Tax Compliance: Proper bookkeeping ensures accurate tax filings. By organizing financial data, bookkeepers help you claim deductions, avoid penalties, and maximize tax benefits. 5. Business Organization: Bookkeeping keeps your financial records organized. This allows you to focus on core business activities while ensuring compliance with financial regulations. Supporting Strategies makes great use of Teams, Office 365, automated a/p and expense control and Sharepoint for you to have a more organized back office. In summary, bookkeeping firms contribute significantly to a small services firm's profitability by providing financial clarity, efficient cash flow management, and adherence to tax requirements. So, yes, we can indeed help your business thrive! #bookkeepingservices #bookkeeping #smallbusinessbookkeeping #outsourcedbookkeeping

Are you an ED consultant leaving money on the table? It's not uncommon. 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐭𝐚𝐱 𝐥𝐚𝐰𝐬: The ever-changing tax code often overlooks niche deductions and credits for specialized consultants, making it easy to miss out on valuable savings. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲-𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬: Many ED consultants aren't aware of the deductions they can claim for expenses like continuing education, specialized software, travel, and even home office costs. 𝐌𝐢𝐬𝐬��𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: Without a tax advisor familiar with the ED industry, you could be overlooking deductions worth thousands of dollars. 𝐇𝐢𝐠𝐡-𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐚𝐭 𝐫𝐢𝐬𝐤: Studies show that 40% of high-earning professionals, like ED consultants, miss out on significant tax deductions due to lack of specialized tax knowledge. 𝐎𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐜𝐫𝐞𝐝𝐢𝐭𝐬:  Tax credits for things like research and development or hiring certain employees are often underutilized by ED consultants, resulting in overpayment. Don't become a statistic! 𝐖𝐂𝐂 𝐓𝐚𝐱 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 specializes in the unique financial landscape of ED consultants. We'll uncover hidden deductions, optimize your tax strategy, and ensure you claim all eligible credits, guaranteeing you keep more of your hard-earned income. Ready to see the difference? Book your 𝐅𝐑𝐄𝐄 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐖𝐂𝐂 𝐓𝐚𝐱 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 today! Let us help you navigate the complexities and maximize your tax savings. Start here https://lnkd.in/eZjz4J4E #EDConsultant #TaxSavings #TaxRefunds #TaxOptimization #FinancialPlanning #TaxSeason #IRS #TaxCode #TaxAdvice #ConsultantLife

Need help with your accounting firm? Our team at Caldwell Consulting and Training creates and delivers customized training programs with an emphasis not just on the functional operation of an app or process, but the vision of the firm. Get Started Transforming Your Firm Today - https://loom.ly/WJEjGkE #AccountingFirm #ConsultingandTraining #AccountantsandBookkeepers #Accounting #AccountingConsultant #CustomizedTraining

📢 Vermont is the latest state to administer the taxability of SaaS. If you’re a frequent reader of our Miles Consulting Group, Inc. blogs, you know that we regularly report on the taxability of Software-as-a service (SaaS). Today, we report that Vermont has joined the ranks of states that do require sales tax collection on revenue from SaaS - you can read more below. #SaaS #SalesTax #Nexus #SalesTaxCompliance

Attention Business Owners! Major Overtime Rule Changes Coming July 1st! 🔔 There's a new overtime rule taking effect on July 1st, 2024, that could impact your payroll—and it's not something to ignore. The rule changes which employees qualify for overtime pay, and understanding it can save you a lot of trouble (and money) down the road. Want to know more? Head over to our latest blog post, where we break down the details and explain what you need to do to comply with the new regulation. Learn how to keep your payroll in check and avoid legal headaches. Trust us, you don't want to be caught off guard by this! Read the full post now to get all the info you need to stay ahead of the game! 👇 https://bit.ly/3QJ0cDR #smallbusiness #entrepreneurs #payroll #overtime

Curious about the state of the market? Our latest report outlines areas of growth, new pay transparency laws, and job seeker priorities and how they changed in 2024. #JobMarket #AccountingJobs #NowHiring

Reach financial freedom faster and with less stress by attending our one-day CE seminar in Boston: Tax and Financial Planning for Practice Owners! This course offers our top strategies for lowering taxes, increasing practice profitability, and maximizing your net worth 📈 Spots are limited so register today at https://lnkd.in/eCxBDWUp ‼️ #mcgillhillgroup #taxplanning #dentalce #financialplanning