A client of mine received a notice from the IRS late last year with a hefty $1.950 penalty for not filing an additional partner the company had. While this was an honest mistake it was going to cost her. Instead of paying the debt right away I asked if I could call and speak with them regarding this. She has always been in good with them so the IRS was willing to completely waive the fee. Most people would of just sent a check but you should always try and call and negotiate the fee down or away.
Having a bookkeeper in your corner willing to negotiate on your behalf could be the partner you need.
Contact Accounting By The Hour today to add us to your corner.
Tuesday, February 12, 2013
Tuesday, February 5, 2013
Why Cash Can Hurt - Bookkeeping Tips!
Avoid cash. Instead, use your debit or credit card religiously. When you use cash you lose track of potential write-offs. If you have to pull money out of an ATM, note on the receipt the purpose of the withdrawal.
Stop saying, "I'm a small business, I don't need a bookkeeper." The longer you wait to set up good accounting practices, the more expensive it will become. Contact us today to learn about our services - www.accountingbythehourllc.com
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