Oh` goodness, been there a good few times. I`ve handled that situation in many ways, but walking away from it, has been the best solution thus far. Do something else . I do what works for myself to clear my head, feel more energized/motivated.
I`ll finish a home task, with great music playing, which always gives me satisfaction and inspires me to move forward. I`ll treat myself by dropping my kayak in the lake.Take the dogs out for a walk or ride to pick out something new from a pet store. Take a ride to the gym, a good work out usually does the trick. Go see my friends and try not to talk about business. I`ll turn on a movie and sometimes end up snoozing for a bit, which helps me to relax. There have been times that I simply needed to get in a vehicle and take a short weekend drive to where ever my picked destination would be, and it`s usually going out of state. I turn on my music and cruise. That really does the trick, when I`m really stuck. I`ve always come back, ready to roll .
If ones personal credit is in good to excellent standing, obtaining business credit is no problem. I started small, obtaining a business fuel card, using EIN number, business information, along with personal info. Then, a few months down the line, obtained a business MC. It`s been a few years now with excellent standing in building credit. It was pretty simple.
KJC--I`d rather have my accountant do the taxes. Two eyes are better then one and I don`t want any mistakes. My accountant does advise me when I call with questions during the year and I keep up with the changes through the library information booklets. I used a different accountant several years ago who charged a lot more then my current one and that accountant made mistakes on my 2002 taxes. This is why I do my books myself and then have the accountant double check it and fill out the paper work now. Since your a CPA, did not mean to offend what you do by giving a tip to help others who may be starting out with an idea to maybe help them save a bit of money. I know you`ve got your price to what you do and I`m sure your worth it. Thanks for the tips you gave.
Marshall and Joli, the accountant firm I use has been in business for over forty years. I have to add that my business may not be as complex as possibly yours is. I do it all myself--where all the hats so to speak and have no overhead for the time being. That may make a difference between what I`ve got going and yourself. I`ve been self employed for many more years then the life of my current business and enjoy keeping the books myself. I`m probably a nerd somewhere along the line, because I actually love paper work , go figure.
Hi SUN! Just wanted to drop a line that might help out some when it comes to using your accountant during the upcoming tax year ahead. I save a lot of money for business accounting fees by setting up my paper work.... in a neat spiral notebook for my small business. I work out an expenditure/income sheet for the year in taxes with every single thing spent on the business: supply`s, maintenance, donations, mileage, etc.....to even self pay. I enclose that sheet as first page, followed by folder inserts with each month of the year where I put all receipts--separated with a paper clip and sticky note with explanation of what category they fall under. The last few inserts contain last years taxes, memberships, Business license fee`s, Bank Fee`s (if any) and any addition to business services. My accountant loves how easy it is to follow and I`ve only paid $100.00 bucks to have my taxes done each year. I thought that was pretty good for a business and wanted to pass the tip along to other entrepreneurs. I know we all pay dearly in taxes and if there is a way to save a little here or there, we all could use it. Hey, maybe this could be a new topic.