Bookkeeper in Broken Arrow Oklahoma

Balanced Bookkeeping & Accounting, LLC offers a team of professional accountants and bookkeepers that specialize in full charge bookkeeping and accounting services, financial statement and management reports, along with complete payroll services for clients in the Broken Arrow and Tulsa area, as well as all of Northeastern Oklahoma. We also provide business tax preparation and planning solutions to enable you to optimize your business success. 

Mission Statement 
To provide reliable, accurate, and timely professional accounting services, with the highest standards of performance and values, to our clients on their pathway to success. 

  Call us today and let us focus on the accounting so that you can focus on what is really important -- running your business.  

(918) 286-2494

email:  balancedbookkeeping.acct@cox.net

www.balancedbookkeepingaccounting.com

https://plus.google.com/u/0/b/100084436986405996140/100084436986405996140/posts

Keep Track of those Business Expense Receipts 2015

Each new year or each new business start-up, begins the process for small business accounting.  One of the most important things to remember is to keep track of those business expense receipts throughout the year. 

Many small business owners can feel overwhelmed with this aspect of doing business as often times they are too busy with the day in and day out of business activities to have the time to deal with their bookkeeping and accounting, and rightly so, they are busy with the task at hand of successfully growing their business.  

The IRS defines deductible business expenses as those that are both necessary and ordinary.  An ordinary expense is one that is commonly used and accepted in the trade or business, while necessary expenses are those that are helpful and appropriate for the trade or business. 

The following is a short list of just a few of the most common business expenses:

• rent
• telephone, cell phone, utilities, internet
• office supplies
• postage
• business cards, stationery and printing
• bank service charges
• office furniture
• parking and tolls
• mileage of use of vehicle in business or auto expenses, and auto tags
• professional associations and publications
• insurance
• education

There are many more expenses that are allowed that are not listed here including office equipment, which is also deductible and very important; however, it is best to leave this aspect to us, your professional bookkeeper and accountant, as depreciation comes into play here and it is very important that this is handled correctly, in order to keep your business in compliance.  

The best rule of thumb is to always keep your receipts for anything purchased for the business, and let us help you in the determination of allowable expenses, while we take care of your bookkeeping and accounting needs.  Call us today and let us focus on the accounting, so that you can focus on what is really important, running your business.  We are here for you to help make your business successful.   (918) 286-2494. 

We provide services for clients in the Broken Arrow and Tulsa area, as well as all of Northeast Oklahoma.

www.balancedbookkeepingaccounting.com


https://plus.google.com/u/0/b/100084436986405996140/100084436986405996140/posts

2014 Tax Year Above the Line Tax Breaks for Educators

Many taxpayers for the 2014 filing year will get to take advantage of the tax breaks that were extended by Congress.  There are a few of these tax breaks for the upcoming tax season that can help to reduce the taxpayers adjusted gross income (AGI) which are also referred to as above the line deductions, and the taxpayer does not have to itemize in order to take advantage of the above the line deduction to reduce adjusted gross income.  Educators can take advantage of this extended tax break for the 2014 tax year as well.

To clarify, there are two types of deductions that the IRS allows, above the line deductions and below the line deductions.  The line refers to the taxpayers adjusted gross income line total.

Above the line:  these deductions are claimed on page 1 of the 1040 and this type of deduction reduces the taxpayers AGI, and the taxpayer does not have to itemize in order to take advantage of this type of tax deduction.

Below the line:  these deductions are claimed on page 2 of the 1040 and this type of deduction reduces taxable income.

The educators tax break extension will be very beneficial to educators for the 2014 tax filing, as this allows the educator to deduct up to $250 of any unreimbursed expenses.  Expenses are those amounts that an educator has paid for books, supplies, computer equipment and related software, other equipment, and supplementary materials that were used in the classroom.  This deduction is taken on line 23 of the taxpayers form 1040 or line 16 of the form 1040A.   This above the line deduction will help educators for the 2014 tax filing year as many schools have experienced budget cuts in many areas that have caused teachers to have to pick up the slack in order to have enough classroom supplies.

Educators should remind their tax professional that they wish to claim this much deserved tax break for the 2014 tax filing year as well.

www.balancedbookkeepingaccounting.com

Call us today for your bookkeeping, accounting, and payroll service needs in Broken Arrow and Tulsa and Northeast Oklahoma areas.  We are here for you -- (918)286-2494.

https://plus.google.com/u/0/b/100084436986405996140/100084436986405996140/posts

We are here for you --  Do you hate to do bookkeeping or never seem to have the time to get it done?  Give us a call today -  we are here for you.  You can drop off your paperwork, submit it with our online client access, or we will be happy to come to you.  We are your one-stop bookkeeping and accounting practice.  Call us and let us make your job easier -- We are here to take care of your full service bookkeeping and accounting needs -- we make it easy for you so that you can concentrate on what is really important -- running your business.   Call or email us today.      We are "the small business friend."      --      (918)286-2494

www.balanacedbookkeepingaccounting.com


https://plus.google.com/u/0/b/100084436986405996140/100084436986405996140/posts

Balanced Bookkeeping & Accounting, LLC

Balanced Bookkeeping & Accounting, LLC offers a team of professional accountants and bookkeepers providing bookkeeping and accounting services for all of Northeast Oklahoma -- including Tulsa, and Broken Arrow.  

We provide reliable, accurate, and timely services in a one-stop shop to keep your business in full compliance.  We specialize in full bookkeeping & accounting services for small business, financial statement and management reporting, along with complete payroll and payroll tax payments.  We also provide personal and business tax preparation and planning solutions to enable you to optimize your business profitability.

Mission Statement

      To provide reliable, accurate, and timely professional accounting services, with the

         highest standards of performance and values, to our clients on their pathway to

                                                                     success.     .  

           

                                               "we are the small business friend"

         Call us today and let us focus on the accounting so that you can focus on what is 

                                           really important -- running your business.  

                                                                  (918)286-2494


www.balancedbookkeepingaccounting.com

https://plus.google.com/u/0/b/100084436986405996140/100084436986405996140/posts