Best Bookkeeping Services in Matthews, NC

Scott Boyar | Tax Accountant  Common Small Business Tax Mistakes to Avoid Many small business owners make some of the same tax mistakes that could cost them far more in the long run. Learn five of the most common of these and how you can best avoid them. Reporting Income Incorrectly Reporting payments invoiced versus revenues received can be tricky business, and getting it wrong can have severe consequences. Over-reporting and under-reporting income could land you a tax audit or charges of fraud. Keep clear and accurate reports year-round to avoid this scenario. If you're concerned about doing it properly yourself, hire a qualified professional to handle your small business bookkeeping. Reporting Expenses Incorrectly Likewise, small business owners often misreport their expenses. Some of the most typical of these mistakes include mixing personal and business expenses or claiming too much in deductions, such as business meals, auto and travel expenses, or startup costs. Scott Boyar, CPA, PLLC. provides full time, year-round bookkeeping services and tax support for both businesses and individuals. Ultimately the measurement of an effective financial solution is the “net” after taxes. We not only see your tax picture, we see the bigger picture. The success of our clients is our greatest satisfaction.