Blog

Where Did All the Money Go? Finding and Fixing Money Leaks

Where Did All the Money Go? Finding and Fixing Money Leaks

Is Your Long Island Bookkeeper finding where you Long Island Business is losing money? The end of the month is here, and you’re looking at your Long Island Bookkeeper wondering where did all the money go from my small business bank account? While running your business you have kept track of your...

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Efficient Small Business #3

Efficient Small Business #3

Long Island Bookkeeping Strategies for Managing Your Small Business More Efficiently I was speaking to a Long Island Bookkeeping client this week who was having trouble getting the day to day financial workings of their Long Island business under control, and while trying to get the little things...

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How much is your business really making?

How much is your business really making?

- Five important reasons to track revenue and expenses Do you really know how much you’re Long Island Small Business is making? We at Margo’s Bookkeeping assume that you know how much you are charging for your products and services. We are hopeful that you also know your Long Island Small Business...

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New York Successful Businesses Follow Good Business Practices

New York Successful Businesses Follow Good Business Practices

So you have a successful business, you need a way to keep track of all that incoming revenue. Additionally, you need a way to keep track of expenses so that you can figure out just how much money your business lets you take home. We’re talking, of course, about bookkeeping and accounting. The...

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Should I Switch to Outsourced Bookkeeping?

Should I Switch to Outsourced Bookkeeping?

Over 40% of America’s largest businesses improve their profitability using outside service providers for their bookkeeping and financial functions. Due to technological advances, this same alternative is now available to small businesses. Firms are discovering that moving part or all of...

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Accountant or Bookkeeper?

Accountant or Bookkeeper?

What is the difference between a bookkeeper and an accountant? A bookkeeper handles the day-in day-out financial record keeping and reporting. An accountant specializes in business accounting services, such as the preparation and filing of taxes. Having a good bookkeeper is just as important to...

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Outsourcing Bookkeeping Services in New York

Outsourcing Bookkeeping Services in New York

Bookkeeping for Small Businesses Many small businesses don’t have enough work for a full-time bookkeeper so they often resort to part-time bookkeepers. In most cases, these part-time bookkeepers are not accounting professionals and lack the experience and knowledge required to keep accurate...

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Upcoming Deadlines For 2015

Upcoming Deadlines For 2015

Every year the Internal Revenue Service, requires specific forms to be filed and information to be reported. MM Accounting and CFO Solutions, servicing New York City and Long Island, caters to both small businesses and larger corporations. Our bookkeeping professionals will collect information and...

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4 End of Year Pointers

4 End of Year Pointers

We need to take the time to do some tax planning so we can be ready for the tax deadlines in the spring. Here are some tips to help close out your small business for the year:   Review subcontractor data. If you paid anyone for services that amount to more than $600 during the year,...

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