• Bookkeeping Tips

    Why Your Small Business Needs Clean-Up Accounting Services

    accountant and small business owner

    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…

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    End-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…

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    New Jersey Bookkeeping Basics: 6 Key Financial Terms Everyone Should Know

    Bookkeeping and accounting terms

    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…

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    New Jersey Bookkeeping Tip: Things You Need to Know About Robo-Advisors

    Robo-advisor analyzing graph

    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,…

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    W-2 vs W-4: What’s the Difference and When to Use Them

    w-2 versus w-4 tax form

    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. …

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    Small Business Tax Preparation Mistakes to Avoid from the Pros

    Tax preparation

    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…

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    Which Accounting Period is Right for My Business?

    A clock with tax instead of 12

    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…

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    Top Payroll Service for Small Businesses

    Payroll service image

    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…

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    Small Business Accounting: Accrual vs. Cash Methods

    Accountant analyzing report

    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…

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    How to Read Financial Statements

    Computer, smartphone and a pen in workspace

    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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