Small Businesses and Financial Reporting
Owning a small business means you get to be your own boss. How great is that? It’s probably one of the deciding factors that led you to open your business in the first place. As the boss, you know it’s your duty to handle your company’s finances. Whether you handle them yourself or you’re looking to hire someone to do it for you, it’s important to make sure your finances are in good hands.
What is Financial Reporting?
Every year, even as a small business, you’ll need to report your finances to both investors and the government. This includes any external financial documents, such as your income statement, balance sheet, and shareholders statements. Once April rolls around, you’ll need to send your tax information to the government as well.
As a small business owner, the three most important financial documents you’ll need is your balance sheet, profit and loss statement, and cash flow statement. These documents will summarize your earnings, assets, liabilities, equity, and so on.
Handling all of these documents can be stressful. Our subsidiary at The Rutter Organization, Tax Matters, is a financial reporting company that can help you better manage your finances, even as a small business. In fact, there are many ways we can help you do so.
We all know that once the holiday spirit is gone, there’s nothing left but a black hole and the dread of knowing you need to file your taxes (okay, maybe not the black hole). But still, filing your taxes as an individual is stressful enough and filing them as a small company can be even more so. A financial reporting company can help you file your taxes while also preparing for the next tax season.
On top of marketing, sales, and customer and employee relations, it’s hard to manage your books as well. Tax Matters can help you monitor your profit and spending, so you can relax knowing it’s being taken care of and you can focus on other important factors in your business.
Payroll, payroll, payroll. It seems every small business owner dreads doing payroll, so why not outsource it? Our payroll services are customizable and can help any sized company on a regular basis. This way, you keep your employees happy by paying them on time while not having to worry about doing it in-house.
Financial Reporting Company in El Paso
If you’re own a small business in El Paso, Tax Matters, the financial reporting company under The Rutter Organization, can help you get your financial reporting organized and under control. Call us today for more information.