Procrastinate No More!

Do you have control over your time? Or does time seem to elude and control you? It’s time to take control! Our personal and business lives are impacted every day by the way we manage our time, but do we actually take active steps to stop procrastinating and produce more?
Here are five tips from Inc.com that we love and want to share:

1. Work 10 minutes. Then break for 2 minutes. 5 times in a Row.

You will find you are better able to focus during these spurts of concentrated work. The link shows that more breaks will contribute to better health both mental and physical. This will make you a better more productive employee. Bring on the coffee breaks!

2. Hold Yourself Accountable.

If you waste time, don’t make excuses; learn from your misuse of time. For every hour that you procrastinate, donate $5 to a charity. Good for the charity, not so good for you.

3. Deadlines!

Create deadlines for the tasks that you really don’t want to do. Don’t make the deadline too far off either. Push yourself to not put the task off any longer with a little self-induced pressure.

4. Don’t Defeat Yourself!

Okay, so this morning was a wash. You were completely off task. Don’t throw in the towel! Start over in the afternoon. Focus! You got this!

5. Mini to Do List.

You know those 15 minute intervals during the day where you’re waiting for your next appointment? Replace catching up on the latest instagram trifles with a mini to-do list of tasks that you can accomplish in short amounts of time. This will keep you productive and moving forward throughout your day.

Take control of your time. Through application of the 5 aforementioned tips, watch your productivity soar. Feel in control and a lot less stress! We’re sure you like the sound of this.

Alfano & Company

Did You Hire The Right Bookkeeper?

Imagine this scenario: you currently use a bookkeeper you love, who seems knowledgeable and who provides regular reports to you and financial statements to your CPA for the preparation of your tax return. To the best of your knowledge, everything is great.

A few years into business your tax return is randomly selected for audit. You feel you have little to fear as the tax return filed by your CPA lines up perfectly with the reports from your bookkeeper. After all, you hired two professionals you feel you can trust!

However, as your CPA begins reviewing the details of your books in order to represent you in the audit, it becomes apparent that the job your bookkeeper has done is far from thorough and perhaps not even all that accurate. Your CPA informs you that this audit may end with your business paying thousands of dollars in penalties and interest.

How did this happen? Maybe your bookkeeper failed to ask you the right questions, or perhaps their pleasantness or professional demeanor masked inadequate experience. In any case, it seems your bookkeeper did not know enough about your industry or the ever changing tax code, and now it’s costing you money.

You may think that this example is extreme, but over the last 26 years we have found ourselves representing some of our clients under these circumstances in audit situations. Often, a closer look at their books has revealed major errors which were not readily apparent on year end reports and without access to their accounting software.

Finding the right bookkeeper can be a challenge for a business owner. This is especially true since many bookkeepers (even some with years of experience) have only limited tax knowledge. The large majority of these bookkeepers tend to focus on the details of the business at the expense of the big picture.

This means there are many bookkeeping services which seem to do an excellent job but, in reality, open up their clients to potential problems with the IRS or other taxing authorities.

It is with this insight that Alfano & Company LLC offers clients all-in-one accounting services from bill pay to bookkeeping to payroll to tax preparation. A business owner who works with one of our in-house bookkeepers will enjoy the following benefits:

  • Their books are triple checked by qualified tax professionals
  • Potential problems are identified and handled before they become costly
  • Reports and financial statements are demystified
  • Prepared for a worry free tax season
  • Thorough planning, including answers to questions such as:
    • How can I improve my cash flow?
    • How can I increase my profit margin?
    • Should I incorporate?
    • What marketing strategy should I pursue?
    • How much will it really cost me to hire employees?
    • How is my business really doing?

 

If you have struggled to find qualified, reliable bookkeepers to produce thorough, accurate, and detailed books or if you would like to experience the peace of mind of knowing your books are being maintained by true professionals then we should talk – you deserve better.   E-mail us at reconciled@alfanocpa.com to schedule a complementary consultation.

If you have confidence in your current bookkeeper but are unsure as to how to truly assess the quality of their work, we can help!  E-mail us at reconciled@alfanocpa.com and we can discuss scheduling an in-depth review of your books.

You have enough to think about – having the right bookkeeper on your side can ensure that the numbers don’t drive you crazy!

Liana Haydin, EA