Five Steps for Small Business Owners to Survive Tax Season

Released on: March 6, 2008, 10:00 am

Press Release Author: Behind the Scenes LLC

Industry: Small Business

Press Release Summary: Professional Bookkeeper and Certified QuickBooks Pro Advisor
shares secrets to avoid your IRS anxiety

Press Release Body: Five Steps for Small Business Owners to Survive Tax Season

Professional Bookkeeper and Certified QuickBooks Pro Advisor shares secrets to avoid
your IRS anxiety

Norwood, MA - March 6, 2008 - With more than 64% of small business owners filing
their own taxes, a lot of anxiety surrounds small business owners as they begin tax
preparation. According to one Professional Bookkeeper, planning is the key to
reducing stress - even if one has waited to the last minute.

\"These are often the times that stress small business owners and entrepreneurs the
most. Business is down, money is tight, and the taxes need to be done,\" says Jessica
Reagan Salzman, founder of Behind the Scenes LLC (www.behindthescenesLLC.com), a
virtual bookkeeping firm. \"Stress is basically a result of feeling out of control.
By sitting down and making a plan - even if you are behind, you can reduce the
anxiety involved in getting your taxes done.\"

Salzman is a Professional Bookkeeper and Certified QuickBooks ProAdvisor. She is a
member of the American Institute of Professional Bookkeepers (AIPB) and the National
Society of Accountants (NSA), and a recipient of the E-Myth Embark E-Learning
Scholarship.

She shares five secrets to reduce IRS anxiety, maximize 2007 tax benefits, and turn
problems into profits:

*Gather all necessary documentation long before you sit down to prepare your taxes.
Much of the stress associated with preparing taxes has to do with locating and
collecting the proper documentation. Take the time to find all tax-related material
needed.

*Separate business and personal funds. Many small business owners make the mistake
of mingling business funds and legitimate business expenses with personal finances.
\"It\'s good business practice to open a separate checking account for managing
business finances. It\'s also a great idea to take it one step further and also
maintain a credit card account that is used solely for business purchases,\" says
Salzman. \"It\'s much easier to keep track of business expenses when there aren\'t
personal purchases thrown into the mix that later need to be weeded out.\"

*Check for inventory write-offs. Look through inventory to see if any products are
damaged or outdated. Noting market-value loss could provide additional tax
deductions.

*Contribute to a retirement plan. \"Small business owners and entrepreneurs should
recognize that being your own boss means you are responsible for your own
retirement,\" she says. \"If you haven\'t started contributing to a retirement account,
now is the time. Most contributions made are tax deductible.\"

*Above all, don\'t procrastinate, seek professional help. Don\'t wait until April to
enlist the help of a tax professional. Chances are they\'ll be hard-pressed to fit
you in that late in the game. \"Tax laws can be confusing and deductions difficult
for the layperson to recognize. Consult with a professional early in the year and
come equipped with well-organized documentation. You\'ll be ready for a stress-free
tax season,\" says Salzman.

For more information, visit www.behindthescenesLLC.com

About Behind the Scenes LLC (www.behindthescenesLLC.com):

Behind the Scenes LLC was founded by Jessica Reagan Salzman to help small business
owners to increase profits, reduce taxes, and improve cash flow. Founded in 2006,
the company maximizes small businesses\' resources by offering a customized approach
to professional bookkeeping, accounting, payroll and tax-related services to small
businesses and solopreneurs.

Behind the Scenes LLC provides what they call the \"bookkeeping with benefits\" model,
which helps clients understand their monthly financial statements, and empowers them
to make more effective and more profitable business decisions.

This exclusive model also provides clients with peace of mind that while they
concentrate on revenue-producing goals, Behind the Scenes is taking care of the
bookkeeping aspect of their business.

###

Contact:
Shannon Cherry
PR for Behind the Scenes LLC
news@cherrycommunications.com
800-257-0633, ext 4

Web Site: http://www.behindthescenesllc.com

Contact Details: Contact:
Shannon Cherry
PR for Behind the Scenes LLC
news@cherrycommunications.com
800-257-0633, ext 4

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