Tally Blog
Hiring Freelancers? Here's What You Need to Know!
Businesses of all sizes have turned to hiring freelancers, also known as independent contractors, for a wide variety of tasks from graphic design to content creation to event management. Freelancers are a great way to get work accomplished without having to hire and pay for a full-time employee, generally making an independent contractor a cheaper way to go. In fact, according to a recent study, nearly 1 in 3 Americans complete freelance work, making this sector a huge part of the economy.
However, as great as hiring a freelancer can be, it's important to make sure your company handles the paperwork and tax implications of freelance work correctly. Improper labels and mistakes on both the part of the freelancer and the company hiring a freelancer can lead to audits and potentially even penalties by the IRS. Heed these important tips to ensure your company properly classifies the person as a W-2 employee or an independent contractor:
5 Ways Accountants Can Help Grow Your Business
What most people know about accountants is that we tell you what your business is today - where your finances are, what bills you curently owe, and so forth - but what many business owners don't realize is we can help you determine how your business can grow. Simply put, we can tell you where your business could be in the future.
We do more than just look at your current financial, accounting, and bookkeeping systems. We can work alongside you to see the bigger picture - to make great business growth decisions based on detailed and important financial tracking and strategic planning. We give you the tools you need to give you the confidence to grow your business in a way that is sustainable and financially sound.
Tips to Keep Your Accounting Organized
Regardless if you’re managing a big or small business, you employ a professional accountant, or have an accountant on staff, keeping your accounting records and systems organized is imperative for success. It’s like trying to drive your car without gas; all businesses must keep good records of the financial side of the business in order to properly function.
In our experience, we've noticed business owners are often afraid of the accounting and bookkeeping side of their business. Fear makes us do funny things including ignoring the issue. However, when we ignore accounting, it inevitably builds up creating a system of chaos and disorganization; making it even more frightening. Use these tips to help you get and keep your accounts organized. It will make the process less painful and easier to manage.
5 Things an Accountant Can Do For Your Business
A side effect of owning a business is the paperwork and accounting side of the operation. You might love your business and what you do day-in and day-out, but chances are, you didn't start your business because you love paperwork.
As a result, many business owners do not have the deep accounting know-how and many don't have the time they thought they would to learn accounting on the go. Paperwork often falls to the wayside and business owners often report it is an unneccessarily stressful facet of the business.
Asking for professional accounting support may be the logical next step to help you get back to what really matters. Leaning on the accounting expertise of Tally Services can help your business in the following ways:
Tally Services Case Studies
Tally Services in Fort Collins, Colorado provides accounting and bookkeeping services to a variety of businesses of all sizes. We know that accounting isn't one size fits all; Tally specializes in using our strategic brilliance to create unique services and solutions that meet owner's needs. The following case studies detail how the Tally Services team was able to listen, collaborate, and help businesses create accounting solutions to meet their needs because sometimes it takes having an outside perspective to think outside the box and engineer new solutions to solve financial complexities.
Less is More
Tally Services recently had a client in Fort Collins, Colorado who was referred to us by a CPA because they needed help with the day to day bookkeeping and accounting services Tally provides.
Top 10 Cash Flow Tips
Small businesses, especially, can live and die by the success of their cash flow. But many don't realize it's significance or plan for the success of cash flow. Getting a good handle on cash flow will protect businesses from unexpected expenses and make the day-to-day less stressful. 
4 Things for Businesses to Remember this Tax Season
Tally Services in Fort Collins, CO Helps Business Prepare for Tax SeasonPunxsutawney Phil may have recently seen his shadow, signalling 6 more weeks of winter, but like it or not tax season is still on the horizon and it’s time to start preparing. Business taxes can be complicated and very stressful, but with adequate preparation and planning, they don’t have to be.
Tally Services, a bookkeeping and accounting firm in Fort Collins, has noticed over the years that these four tax components cause the most confusion and stress for business owners. This year, take this list into consideration as you start planning for your taxes:
Welcome to the New Tally Services Blog!
Tally Services in Fort Collins, Colorado has long been committed to educating our clients in order to ensure financial and accounting practices are top-notch. Our team has spent years doing this in both one-on-one sessions, training, consultations, and accounting services, and now we’ve added a blog to do even more!
Through the blog, we will be sharing the valuable information and the expertise we’ve garnered over the years to help our clients better understand accounting and the financial side of their business, as well as, ways Tally Services can help maintain and grow your small-to-medium business.