Time for a midyear financial tune-up for small businesses
Released on: July 7, 2008, 7:49 am
Press Release Author: Cherry Communications
Industry: Small Business
Press Release Summary: Professional Bookkeeper offers suggestions on how to increase revenue & reduce costs
Press Release Body: NORWOOD, MA - July 7, 2008 - With today's financial climate, small business owners should focus on reviewing their financial strategies midyear. That's according to Jessica Reagan Salzman, a professional bookkeeper for small businesses.
"July is the perfect time to re-evaluate and start thinking about new ideas to increase revenue and reduce expenses," says Salzman. A Certified QuickBooks ProAdvisor, Salzman is the founder of Behind the Scenes LLC (www.behindthescenesLLC.com), a virtual bookkeeping firm. She is also 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.
Salzman suggests business owners should consider steps to lower their energy bills, not just for this year, but for the long term. She also points to some changes the government has made to the tax laws that owners should review: 0. Mileage deduction increase. Effective July 1, the IRS increases the mileage deduction for vehicles used for business purposes, to 58.5 cents from 50.5 cents. 0. Economic stimulus package provisions for small businesses. The first is a near doubling to $250,000 of what\'s known as the Section 179 deduction. The second is a bonus depreciation allowance under which businesses of any size can depreciate 50 percent of the cost of equipment bought and placed into service this year.
"The first step in a midyear financial tune up should be an appointment with an accountant or other financial professional," says Salzman. "Besides making sure your numbers are in sync, your bookkeeper can suggest ways to improve your cash flow and how to best take advantage of these new tax laws."
A midyear tune up should also mean checking in with clients and customers. Salzman suggests owners increase their marketing efforts not just geared toward prospective customers, but to established ones as well. \"The key is to stay in touch,\" he said. \"Everyone\'s looking at pricing, but they are also looking for more value.\"
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.
###
Web Site: http://
Contact Details: Contact: Shannon Cherry PR for Behind the Scenes LLC news@cherrycommunications.com 800-257-0633 , ext 4