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We launched the Capri Bookkeeping Solutions “Better Bookkeeping” Blog earlier this year as a platform to offer our clients and partners insight into our business and a place to share advice, business trends, and financial "buzz" for small business owners.
We’ve had a great response to our blog and are thankful for the support you’ve given us!
Here’s a recap of our most popular posts from 2019:
Difference Between an Accountant and Bookkeeper: Do I need both?
The Capri Bookkeeping Solutions Story: Small Business Success in South Jersey
5 Small Business Pro Tips to Make Your Business Successful Today
Bookkeeping Doesn’t Have to Be a Nightmare (How to Get Your Books Up-to-date Before Tax Season)
Busy Small Business Owner? Here are 7 Benefits of Outsourcing Your Bookkeeping
Be sure to follow us on social and keep an eye out for more industry updates and Capri Bookkeeping Solutions news in 2020!
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Giving back to our community and social responsibility are important to us at Capri Bookkeeping Solutions. Ethan Capri launched the company with the mission to help other budding small businesses thrive in South Jersey, Philadelphia, and beyond. More than just offering bookkeeping services, he had a philanthropic mindset. He set out to support the community and his partners by fostering relationships, connecting other professionals, and providing support to local community organizations.
Big businesses may have larger pocketbooks, that’s true, but small businesses can also make a significant impact in their community.
During this holiday season, consider these 5 simple ways that your small business can give back without breaking the bank:
#1 – Volunteer
Volunteering your time to local charities is a great way to get involved in the community. This time of year, many organizations host a variety of events and need volunteers to help. Consider offering your time to a local charity. Here in South Jersey, you can support Catholic Charities - Diocese of Camden or Ronald McDonald House of Southern New Jersey, who is hosting a variety of upcoming holiday events.
Volunteering is also a great way to engage in team-building! Set aside time with your whole team or offer paid-time-off for employees to get out into the community and volunteer themselves.
#2 – Get Involved in a Charity Drive
If finances and time are in short supply, you can donate to a local charity drive. Homeless shelters, food banks, and non-profits like Toys for Tots are always in need of help and supplies. Here in South Jersey, Legacy Treatment Services, a non-profit offering behavioral and mental health for individuals of all ages, is hosting their annual Adopt a Family Campaign and Holiday Gift Drive. We are proud to be a sponsor of this year’s drive.
#3 – Support other Local Small Businesses
One of the simplest ways to give back to the community is by promoting other local businesses. Partner with your fellow small business owners on charity drives, leave them reviews and participate in Small Business Saturday.
#4 – Sponsor Charity Events
Finally, consider sponsoring a holiday charity event. Most non-profit organizations rely on donors and sponsorships to provide the critical services they offer. Reach out to your local non-profits and see how you can offer your support to an upcoming event or drive. This fall, Capri was proud to sponsor The Legacy Foundation - 2019 Golf Classic, and Ronald McDonald House, 37th Annual Legacy Golf Classic.
We hope you’ll join us in offering your support to your community this holiday and beyond!
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Starting a small business, no matter the industry or service provided can be a risk! Small business start-up is exciting, but risk-taking is almost synonymous with entrepreneurship. When I took the leap and started Capri Bookkeeping Solutions in 2008, I began with a unique idea – to provide reliable and accurate bookkeeping services, always striving for exceptional client service, and a better approach to bookkeeping. I partnered this idea with a business plan and got organized immediately!
Now that my company has been in business for over a decade, I’ve learned that the foundation set during start-up can make all the difference to the success of a business. Today, I’m sharing my top 3 tips for small business start-up success:
#1 – Start with a Plan
Begin with a solid business plan! Determine how much money you need to invest, both your short and long term goals, your overall budget, and plan for marketing. This crucial step should also include research, a financial plan, and projections. There may be challenges along the way to building your business, and the best way to face those challenges is to start with a well-developed plan.
#2 – Partner with Other Business Professionals
An essential part of succeeding in small business is connecting with partners you can trust to help support your business as it grows. Rather than wait until you find yourself in need of a marketing expert, lawyer, accountant, or other small business professionals, start building your network now! You may already have a great business lawyer or arsenal of vendors. Ask your current partners for referrals and start connecting with other local businesses, join networking groups and business organizations to build your network as you go.
#3 – Hire the Right Team
Surrounding yourself with a team of individuals who share your vision, work ethic, and company values are crucial. It takes time and effort to find the right support for your business. Start by outlining the positions you need to fill and follow-up with a list of other important attributes your employees should have. What kind of company culture do you want to foster? What soft skills are essential to your business? These are important questions to ask yourself before you start the interview process. Be sure to keep those in mind during the interview process so you can build a team that is primed for success.
Do you have any tips that helped you when starting your own business?
– Ethan Capri, Founder and CEO, Capri Bookkeeping Solutions
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Staying up-to-date on your business’s bookkeeping can be a challenge. It takes time, effort, diligence, and basic bookkeeping knowledge to keep your financial records in order, which is why many small business owners choose to outsource their bookkeeping to us. It’s a wise decision that can save you precious time and give you peace of mind, especially as tax season approaches.
If you know you need to catch up on your books, now is the perfect time to outsource your bookkeeping! You can read about all of the benefits of hiring a bookkeeper here.
If you’re thinking of getting started yourself, however, here are a few tips to help you get up-to-date on your books:
#1 – Sort and Organize Your Financial Records
The first step to catching up on your bookkeeping is to get organized! You’ll want to start compiling and organizing invoices you sent to customers, receipts, bank, and credit card statements where you made purchases that are business expenses. Now is also a good time to review any outstanding invoices and collect on that debt.
#2 – Separate Personal and Business Expenses
We advise our clients to keep their personal and business expenses separate. Comingling business and personal expenses may result in you being held personally liable for your business’s debt and financial standing. We recommend going through every transaction to determine if the expense was personal or professional.
#3 – Review Your Expenses, and Look for Credits and Deductions
Once you have all of your records organized and in-hand, you should take the time to review these expenses and determine your deductions and credits. We suggest hiring a tax professional to review your records and advise you on which business credits and deductions are right for you.
#4 – Reconcile Bookkeeping
Once you’ve organized and separated your expenses, you can log in to your accounting software and reconcile these expenses with your bank statements. This is one of the most crucial steps in preparing for tax filing, so be sure to take care when matching records.
#5 – Collect Tax Forms
Your taxes can be more complex when you're self-employed or a small business owner. Managing and collecting the forms you need to file for yearly income taxes ahead of time can save you a lot of headaches down the road. When tax season rolls around, you will have all the right forms ready to go. Access IRS tax forms and determine which forms you’ll need for filing here.
#6 – Prepare for Next Year and Consider Hiring a Bookkeeper!
Catching up on your bookkeeping now is the best way to save yourself time during tax season. It’s never too late to get started yourself or hire a bookkeeper to handle the books for you. Feel free to reach out to us at firstname.lastname@example.org and let us handle your books or call (856) 229-0941 if you have any questions.