Small business is the engine that drives America. It’s also one “heckuva” lot of work. Finding ways to “keep the lights on” and grow your business can be challenging. Shoebox Tax Prep understands because we’re a small business as well.
We work with small businesses every day and see when businesses turn left when they should turn right. Since we work with folks in a variety of industries, we have a unique perspective that could help a small business like yours. Here are few simple tips to help you grow your business.
Tip #1 Keep Detailed Records
Keeping accurate track of your business details (receipts, tax payments, payroll, etc.) is the #1 thing we see small businesses struggling with. One idea to help you is to designate one day each week – or a part of a day – to manage your paperwork. With a little discipline, you can easily hand off your paperwork whenever tax time rolls around and avoid that tax stressful time scramble.
Tip # 2 Delegate and Elevate
You started your business because you have a passion for what you do, and for most entrepreneurs, that does not include bookkeeping, tax planning and tax preparation. In fact, according to the 2017 Wasp Barcode Small Business Survey, 70% of small businesses outsource tax preparation. Focus your time and energy on growing your company and leave tax matters to a trusted partner like Shoebox Tax Prep.
Tip #3 Network, Network and Network Some More
It may seem like an outdated practice but joining a chamber is a chance to network with other small businesses in your community. They can be a sounding board, provide references for reliable vendors, and force you monthly to get out from behind your desk and meet others just like you. Many a successful business deal begins with being connected locally.
Shoebox Tax Prep understands small business. We were chosen as finalists in the Small Business of the Year category by the Sandy Springs Chamber of Commerce in 2022. Let us help with your small business bookkeeping and tax prep needs so you can do what you do best!
Call us today for a FREE 15-minute small business review consultation at (404) 996-2421.
