In the ever-evolving landscape of taxation, staying informed about new tax laws is crucial for business owners aiming to maintain compliance and optimize their financial strategies. This insightful blog post delves into the latest tax regulations, offering essential guidance to help you navigate these changes with confidence. Whether you're managing payroll, accounting, or outsourced bookkeeping, understanding these updates can significantly impact your business's growth and financial health. Join us as we explore the nuances of these new laws and provide actionable insights tailored to your needs, ensuring your business remains on the path to success.

Understanding the importance of bookkeeping for small businesses is crucial for maintaining financial health and ensuring compliance. Bookkeeping not only helps in tracking income and expenditures, ensuring accurate financial statements, but it also aids in budgeting and strategic planning. For businesses in areas like Columbus, Franklin, and Northern Illinois, effective bookkeeping can be the difference between success and failure. Learn why investing in professional bookkeeping services, like those offered by Syvertsen Accounting LLC, can significantly benefit your business growth and sustainability.

Finding the right tax preparer can make a significant difference in your financial health. In our latest blog post, "8 Tips for Finding the Best Tax Preparer Near You," we delve into essential strategies to identify a skilled and trustworthy professional. Learn how to assess qualifications, compare fees, and understand the importance of availability during the crunch tax season. Whether you're in Columbus or Northern Illinois, these tips will guide you to the best local services, ensuring your finances are in good hands.

Accounting and tax are almost unavoidable parts of life. Some of us have businesses that employ professionals to handle our tax and accounting processes all year round. Most of us need help at the end of the year to organize our accounts, get things in order, and avail of all tax deductions.

Right about now, you’re probably wading through tax records and filling out your tax return. But it’s a daunting task, one that can be frustrating and eat up more hours than you have to devote to it. But you don’t have to go it alone.

Tax laws are constantly changing, and unless you’re staying up to date with the latest amendments, it can result in you paying too much or too little tax, which could attract the attention of the authorities. So working with an accountant is the best way to navigate complex tax obligations. However, when it comes to filing taxes, clients have a ton of questions but often find answers difficult to come by.

The tax season is just around the corner, and this time there will be a host of changes, mostly as a result of COVID-19. So, whether you are a business owner or an individual, it’s worth starting and preparing for it early on to help you get through the process quickly and easily.

As a business owner, not only do you need to keep a check on money coming in but also on the money going out. When you work for yourself, know that every penny counts. However, managing the financial side of your business is a great task at hand, and you may not be qualified or have the time to handle all the books of accounts. In that case, hiring a good accountant will help you exercise control over the financial side of your business. These professionals will prepare, check and analyze financial affairs, leaving you to use your time more efficiently.

SYVERTSEN ACCOUNTING LLC wishes you and your family a happy and safe holiday season and all the best for the New Year 2022!

Being a business owner is hard as there are several aspects that need your attention. Given the sheer amount of work involved in running a business, very often, tasks like accounting, bookkeeping, and tax preparation, while essential, are overlooked. This causes individuals and businesses to lose money and incur unnecessary penalties and fines. To make matters even more complicated, COVID-19 has caused delays, changes and stirred up controversy when it comes to tax preparation.

As a business owner, you’re probably used to wearing a lot of hats, and that may help you get a lot of work done. However, there’s one major area of your business that requires specialized talent in preparing taxes. While you certainly can do your taxes yourself as a business owner, that doesn’t necessarily mean you should.

As the tax season approaches, you may be spending some sleepless nights trying to get all the right documents together to prepare your tax returns. Tax preparation and filing can be daunting and frustrating, especially when you have to understand the deductions, rebates, and returns process.

Each year when tax season approaches, it is mandatory for all citizens to report their income to the IRS, using tax forms. This tends to cause stress to some taxpayers as they need to prepare returns, gather up old forms, and figure out if they will be entitled to a refund or owe money to the Internal Revenue Service (IRS). While the filling up process may seem overwhelming, the best way is to tackle it is one step at a time, and following this process can help avoid any rookie mistakes.

We are delighted to announce the launch of our new website!

New Website Coming Soon!