man sitting at desk with calculator and charts

2017 Year End Tax Tips: Part 2

The holidays are one of the busiest times of the year. With personal obligations to fulfill and organizational goals to complete, managers and business owners will be stressed. And, while tax season has yet to come, deadlines are swiftly approaching. We can help you to prepare your finances prior to this deadline by providing NewContinue Reading



Start-Ups: 6 Part Financial Section of a Business Plan

Any million-dollar business starts with a golden idea. But, to become and remain profitable, it needs an organized, well-constructed business plan. As all entrepreneurs know, business plans should lay out company goals, discuss products and services, and explain strategies. These sections are important, but pale in comparison to the financial section of your business plan.Continue Reading



8 Causes of Sloppy Bookkeeping

An organized record of key financials like expenses and expected income is key to success for small business owners. For this reason, a proactive bookkeeping strategy through automated bookkeeping software is essential. With an online approach to bookkeeping, you can ensure that your files are always backed up and available for reference. A remote bookkeepingContinue Reading



Business woman discussing payment terms

Payment Terms: Why do they Matter?

In providing New York bookkeeping services to numerous companies in the metropolitan area, we here at Margo’s Bookkeeping understand how accounting needs vary by industry. The need for payment, however, remains consistent. When coordinating contracts with or selling products to other companies, the payment terms included dictate the parameters of your agreement. Mastering the artContinue Reading



Business Real Estate Agent

Margo’s 6 Tips for Real Estate Investment

Residential real estate development is touted by many as a relatively quick, simple investment. However, this investment lacks the long-term income and potential for growth that defines commercial real estate. Margo’s Bookkeeping strongly recommends that anyone considering commercial real estate development pursue their goals with these tips in mind. After all, every real estate investorContinue Reading



New York Bookkeeping

Don’t Lose Quarterly Focus for 2017

The fourth quarter can take up a good deal of bookkeeper’s focus and time. It’s a time to tie up loose ends and get everything set for the first quarter of the new year. Although it is understandable to want all your ducks in a row, accountants and bookkeepers tend to lose their focus on theirContinue Reading



remote bookkeeping nyc

Can Remote Bookkeeping Benefit Your Nonprofit Organization?

Nonprofit Organizations are a staple of our society. They often provide services to communities ranging from life saving to artistic. Many nonprofits focus on fundraising for disease treatments, education, politics, you name it. If there is a cause, there is bound to be a nonprofit organization that is working behind the scenes for the good of it.Continue Reading



Tax Season 2017: Are You Prepared?

January has arrived, and we CPA’s and Bookkeepers are ready for tax season. Are you? You may have until April to get everything filed, but the time to get ready is now. The sooner the better, really. For many, tax season is much more than just filing a w2 online. It can take months ofContinue Reading



payroll services

Is Your Payroll Ready for January?

Dear Margo, I’m a small business owner and I have been managing my own payroll. Are there any tips you might have for me as we approach the end of 2016? -Jamie Managing payroll at the end of the year can be rather overwhelming. There’s a lot of information you have to get in order,Continue Reading



accounting

Is Direct Deposit Best For Your Company?

Dear Margo, I recently started tweaking the payroll department at my business. One of the changes I plan on making is offering direct deposit to my employees. Is this going to save me any time or money? Or am I adding more to my workload? -Bryan The majority of employees are being paid by directContinue Reading