Bookkeeping Tips
Why Your Small Business Needs Clean-Up Accounting Services
As a small-business owner, you’re used to calling the shots and managing all aspects of your business. But, at times, wearing many hats can be overwhelming, especially when it comes to the finances of your business. At Norton Financials, we’re passionate about helping small business owners focus on growing their business, while we handle the…
Read MoreEnd-Of-Year, Tax Season Accounting Guide
The year is almost coming to an end, and as of January 1, we will be in tax season. If your business runs on a calendar year, have you been keeping your books up-to-date and preparing your tax documents? We all know how important business planning is, but it’s easy to put off these critical…
Read MoreNew Jersey Bookkeeping Basics: 6 Key Financial Terms Everyone Should Know
So, you’re not a bean counter. That’s OK. It’s not like everyone can be like the financial wizards at Norton! No one is born knowing everything and sometimes, the language used in the world of finance can be bewildering – even alienating. In this episode of New Jersey Bookkeeping Basics: 6 key financial terms everyone…
Read MoreNew Jersey Bookkeeping Tip: Things You Need to Know About Robo-Advisors
Robo advisors may seem like a futuristic way to invest your money, but they’re quite practical. If you’re an investor who wants to avoid the high price of a human advisor, a robotic one would seem to be just the ticket. We’re offering this New Jersey Bookkeeping tip: things you need to know about robo-advisors,…
Read MoreW-2 vs W-4: What’s the Difference and When to Use Them
Taxes. They can make your head spin. And one of the most challenging features of the US taxation system is the fact that things can change in a heartbeat. If you’re new to doing business taxes, you can often feel like Dr. Livingston – hacking your way through the dense underbrush using only a machete. …
Read MoreSmall Business Tax Preparation Mistakes to Avoid from the Pros
When it’s time to get your taxes in to the IRA, all your hard work over the year can come to naught in the heat of the moment. When you’re under intense pressure mistakes happen. But they needn’t. We’ve compiled these small business tax preparation mistakes to avoid from the pros. These are key areas…
Read MoreWhich Accounting Period is Right for My Business?
Perhaps you have just started a new business and you’re wondering how to choose the right accounting year for your business. Basically, there are two kinds of tax years: the fiscal tax year and the regular calendar year. The choice of your accounting year will significantly affect your accounting strategy and business taxes as you…
Read MoreTop Payroll Service for Small Businesses
Contrary to what many people think, payroll is not a simple bookkeeping function or an annoyance that business owners or accountants have to take care of every month. It plays a crucial role in attracting, motivating and retaining employees. If miscalculation leads to errors, employees may become demoralized and dissatisfied. Errors in calculation aren’t the…
Read MoreSmall Business Accounting: Accrual vs. Cash Methods
When it comes to managing your business’ books, one of the most important decisions to make is choosing which accounting method to use. Thankfully, there are only two options: accrual accounting and cash-basis accounting. While cash accounting recognizes expenses and revenues only when money changes hands, accrual accounting recognizes expenses when they’re billed and revenue…
Read MoreHow to Read Financial Statements
Understanding financial statements is a great skill to have as a business owner. The numbers can tell you a lot when they’re subject to expert analysis. But when you’re a busy entrepreneur, your plate already good and full. You don’t always have time to track performance, or for the kind of data analysis you need…
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