Amy used to get the 1040 forms from the post office to file her own taxes. One day her neighbor, Becky, asked Amy if she wouldn’t mind filing her taxes as well. Amy thought Becky was a great neighbor and didn’t mind at all. Becky bragged about how helpful Amy...
Managerial Financial Statements
One common error small business owners make is failing to create recurring month end Managerial Financial Statements. Typically you can pull your financial statement information off your tax returns at the end of the year. However, there are a few good reasons why you should consider doing an internal monthly...
Getting Rid of that Shoebox!
You don’t do it on purpose. You throw your receipts in a box throughout the month with the intention of recording them at the end of the month. When the end of the month comes, you think quarterly won’t be too horrible. Summer comes, you’re halfway through the year and...
Spring Cleaning in the Summer
During the fall months, VBO is busy getting our client’s prepared for year end and tax season. Spring time is spent focusing on tax filings. This leaves summer free, right? Not at VBO! VBO uses the free time during the summer to review policies and procedure; not only internally but...