GlobalBiz Services, full-charge bookkeeper handles all your daily financial needs: invoices, statements, accounts payable, cash receipts, disbursements, payroll, bank reconciliations and recurring reports. Your bookkeeper will be in contact with you daily by instant messenger, email or phone with any questions or concerns.
GlobalBiz Services, understands the issues faced by small businesses. We’ve been working with entrepreneurs responding to their tax questions, financial management issues, and cash flow concerns that can make or break a small business. GlobalBiz Services, knows what you’re up against, and has the expertise to help you minimize headaches and maximize profits.
Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit.
What Can I Deduct?
To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.
It is important to separate business expenses from the following expenses:
No one wants taxation troubles with USA government, but if you have some, it is not a good idea to solve them only by yourself. A simple answer could cost money; select the wrong assistance could cost you even more
Building industry, Painting, Gardening, Restaurants, Bars, Stores, Car Shops, and others.
Most of business has to pay sales taxes by law.
We can advise and help you if your business qualifies to pay taxes.
Should I be collecting Minnesota sales tax?
You may need to collect Minnesota sales tax if you do any of the following in our state:
make sales of taxable goods or services, attend trade shows and display goods, solicit sales, make repairs, do warranty work, or provide or arrange for maintenance or service to property sold, install or assemble products, investigate, handle or otherwise assist in resolving customer complaints, provide customers any kind of technical assistance or service, including
but not limited to, engineering assistance, design service, quality control, product inspection, or similar services, make deliveries in vehicles owned, leased, or maintained by you or by a party acting on your behalf, maintain an office, place of distribution, sales or sample room or place, warehouse, or other place of business either directly or by a subsidiary, have a representative, agent, salesperson, canvasser, or solicitor (either permanent or temporary), who operates under your authority or your subsidiary in Minnesota for any purpose, including repairing, selling, delivering, installing, or soliciting orders for the retailer’s goods or services, or lease taxable items.
There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business. If you have employees, you must file the final employment tax returns, in addition to making final federal tax deposits of these taxes. Contact us; we can help you to avoid any future problem.
Working together to meet your business goals.
You may have concerns about migrating from your existing accounting system. Rest assured that we’ll make upgrading to Account Relief far easier than you may think. We’ll take care of it all, from sesting up the system for you and personalizing it, to migrating your existing data.
We’ll then offer individualized training on the system for you and your staff. While the collaboration and convenience of Accounting Relief are revolutionary, the system itself works so much like other accounting software that it usually takes very lile me to learn. By investing a lile training me upfront, you’ll save a lot of me and money later – and be able to more efficiently manage your business finances.
And of course, if you have any questions, you’ll receive the same timely and courteous personal support from your firm that you’ve always relied upon.
To learn more about what this system can do for your business, please contact our office to schedule an appointment.