Yasir Haseeb

When you think of the next big idea, and start working on it. Like many others you probably don’t even consider keeping a bookkeeper or utilizing an accounting software. Usually because of the costs that come with having a bookkeeper and also because you feel that the business is way too new to keep a bookkeeper, given the limited number or files, slips and receipts that you would need. Accountants just like all other consultants are an expensive ordeal to handle, the internet has made everything a lot more affordable. According to many leading researches, bookkeeping is the toughest part of the business for all small business owners. Yet they keep at it solely to save more money, and spend it on other business essentials. The costs of outsourcing a bookkeeper is much lower than keeping an in-house consultant. In order to understand the pricing system for bookkeepers it is first important to understand what they do, and what role they play in a business: Understanding Bookkeepers...

Tax season, the most dreadful time of the year for nearly all Americans, especially for small business owners. However, it could be less of a drag if you and your business are prepared for it throughout the year. Being organized is vital to achieve peace of mind and ease of filling taxes, yet even the most organized people can get stressed out because of the grueling and demanding nature of tax payment, document preparation and filing them. Unless you don’t hire an accountant or tax specialist you will have to start preparing for tax season long before it actually arrives. Within this article 5 simple steps have been discussed which if executed properly will aid you to  get ready for tax season : What to itemize and what not to When filing taxes as an individual, you get a choice between itemizing your deductions or, opting for the standard deduction. By taking this decision early on in the tax year will help you track and safe keep all documentations as well as it will hel...

When it comes to startups, accountants are generally shunned away. Startup owners usually think of taking up accountants as an additional expenditure which they would rather incur when they are big enough and would have a greater requirement to use their services. Traditional accountants and modern online accountants differ extensively, especially when it comes to cost savings. What many small business owners fail to sometimes see is that, an online accounting firm can actually reduce expenses and also help them in terms of tax preparation and managing the business’s revenue flows. Here are five reasons why your startup needs an online accountant today: Cost Effective Spending less making more, is the objective of every business. Just like any other consultant; accountants are not very light on a startup’s budget. They have their hourly rates, desk space cost, and additional reoccurring monthly expenses that you and your business are probably just not ready to handle at this st...

The dimensions of your business are of no importance when it comes to the importance of having an accountant. Whether your business comprises of just you, or you’re partnered up with a friend you still need a good bookkeeper that can improve your business processes and financial flows. Streamline your cash flows, clarify and maintain transparency in your books. A bookkeeper can help you in more ways than just simply recording your transactions (which is not a simple task either) but he/she can help you understand vital financial information that could be crucial to your business’s success. Here are some ways, how you can pick out the best bookkeeper for your small business’s bookkeeping? Why does your business need a Bookkeeper? Let’s first understand what bookkeeping is, and what it means for you and your business to have a bookkeeper. As an entrepreneur, managing your business’s day to day transactions is already a pretty time and mentally exhaustive task. Having a bookkeeper i...

The dimensions of your business are of no importance when it comes to the importance of having an accountant. Whether your business comprises of just you, or you’re partnered up with a friend you still need a good bookkeeper that can improve your business processes and financial flows. Streamline your cash flows, clarify and maintain transparency in your books. A bookkeeper can help you in more ways than just simply recording your transactions (which is not a simple task either) but he/she can help you understand vital financial information that could be crucial to your business’s success. Here are some ways, how you can pick out the best bookkeeper for your small business’s bookkeeping? Why does your business need a Bookkeeper? Let’s first understand what bookkeeping is, and what it means for you and your business to have a bookkeeper. As an entrepreneur, managing your business’s day to day transactions is already a pretty time and mentally exhaustive task. Having a bookkeeper i...

Today is the era where not even your printer needs a cable attached in order for it to function. Everything happens with a touch of a button on your smart watch or smart phone. The world is getting smarter every day, with rapid transitions into all things virtual. Studies from the Harvard business school, Forbes and the world bank reveal that almost a quarter of traditional jobs will be taken over by robots and, automated systems with in the coming decade. One of the practices, that will inevitably become obsolete will be traditional bookkeeping. This article talks a little about why and how bookkeeping is revolutionizing and adapting to the ever growing technological advancements of the digital era. What is cloud based bookkeeping? The cloud based bookkeeping is accounting just more advanced, in a manner where your entire information is accessible on every platform that you use today. Instead of having a dedicated computer system or an on paper system that is solely and devo...

The millennial era, did not just bring the revolution and boom of the digital media, it also saw an influx of entrepreneurs. A home based business is no longer part of the cottage business model; which has evolved exponentially into becoming  globally born  corporations. Since the internet made everything more accessible and available at the tap of an icon. Startups have started to rocket; as a matter of fact, they now account for more than half of the jobs in the US. However, even though the internet has empowered a great number of individuals to work for themselves. It is also important to understand that more startups shut down as compared to those that open up. One of the major reasons behind it is small business owner’s ability to manage and maintain their expenses and bookkeeping matters. Majority of the reasons behind these closures is the misinterpretation and mishandling of the business’s financial data. Within this article are 4 suggestions for small business o...