Posts Tagged "financial documents"

Did You Make Any Of These End Of Year Mistakes?

Posted by on Jul 15, 2014 in Blog

Did You Make Any Of These End Of Year Mistakes?

If you are like many small business owners, you may be struggling with financial documents and accounting paperwork related to your end of year financial processes. Despite the importance of accurately completing these forms in a timely manner, there are several common mistakes that are made by small business owners as they near the end of their financial year. Are You Prepared? A recent survey of the members of the Institute of Public Accountants (IPA) reveals that over 40% of small business owners needed more preparation to complete their end of year statements, and 4% were completely unprepared when they met with their accountants. While 56% of small business owners were well prepared, most still needed help from their accountant to tie up loose ends for their end of year paperwork to be complete. Keeping your records up-to-date, throughout the fiscal year, makes completing your end of the year financials easier on you and your accountant. Another common mistake that small business owners make is that over 58% wait until the end of the year to contact their accountant. If you aren’t having regular, consistent contact with your accountant, throughout the fiscal year, you are missing out on the...

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