A Simplified Method for Computing Home Office Deductions

One way to save money on your income taxes is by claiming home office deductions. These deductions offer a great way to lower your taxes, but the complexity of the tax regulation regarding the deductions can cause some people to avoid claiming it. Beginning in 2013, there is a simplified method for computing home office […]

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Reporting Changes in Responsible Parties

Beginning with 2014, it is mandatory that businesses report changes in responsible parties to the Internal Revenue Service. For non-publicly traded entities, a responsible party is the person who has a level of control over, or entitlement to, the funds or assets in the entity that as a practical matter enables the individual, directly or […]

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What You Need to Get a Business Started

Many potential business owners jump so quickly into starting up their company that they forget to step back and plan. A lack of planning sets you up for difficulties and possibly failure in the future. To circumvent that, find out exactly how feasible it will be for you to set up a small business by […]

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Accounting

Maintaining a business’ finances is more than just recording sales and sales receipts. There are many financial ledgers, accounts, statements, and balances that need to be monitored, generated, and managed. If you, as a small business owner, try to handle it all yourself, you’ll probably fall behind. Keeping up with a company’s finances could be […]

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Tax Deductions

Getting tax deductions can make the difference between paying taxes and getting a tax refund. And, even if you are relatively certain that you will get a tax refund once you file your taxes, getting a bigger refund certainly never hurts. After all, it is your or your business’ money that will be coming back […]

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What Can Our Accounting Software Do for Your Business?

When we work with your business to do your bookkeeping, we can assure you that we are using the most useful and most modern accounting software available. In addition, if you would like to learn how to better keep your company’s finances in check, we can teach you how to use the accounting software. The […]

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Financial Statements

Have you ever needed financial documents but didn’t know how or didn’t want to generate them? If that’s the case, your business could surely benefit from our financial statement generation. Whether you are receiving full accounting services from Padgett Business Services or just need the occasional financial statement, we can generate them quickly, correctly, and […]

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Accounting Services

Maintaining a business’ finances is more than just recording sales and sales receipts. There are many financial ledgers, accounts, statements, and balances that need to be monitored, generated, and managed. If you, as a small business owner, try to handle it all yourself, you’ll probably fall behind. Keeping up with a company’s finances could be […]

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How to Compute Mileage and Auto Deductions for 2014

Since January 1st, 2014, the mileage rates for the use of vehicles have changed, which affects you whether you drive for business, for charity, for medical reasons, or if you moved sometime during 2014. These added deductions will help you subtract a significant amount from your income, which will, in turn, decrease the amount you […]

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What Does Professional Bookkeeping Include?

Though many business owners take all the bookkeeping on themselves, there is an alternative solution small businesses can take advantage of: professional bookkeeping with Padgett Business Services. When you give your company’s financial books to the accountants at Padgett, you can ensure that your finances are secure, accurate, and ready when tax time comes around. […]

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