J. Jervis Accounting Services

It's a wonder that they never taught us how to do our taxes in school…

Probably because the tax man wants you to slip up – so he can come and take your hard earned dollars!

We are here to make sure that doesn’t happen.

In fact, when planned correctly, you can even get some money back during tax season.

Interested in learning how to make that happen? Got some questions about your tax returns?
Drop us a question in the comments below, and we’ll be happy to share our knowledge and keep you in the green!

So you've started your own business and voila – success!

You’re making some money 🤑

But then you realize, oh no! You lost count of the beans 🤯

Time to hire an accountant to sort it out – so what exactly does an accountant do?

An accountant is responsible for keeping and interpreting your financial records. Most accountants complete a wide range of finance-related tasks, for individual clients or for the businesses employing them.

That's not to be confused with bookkeepers, who actually have an entirely different job.

A bookkeeper will focus on recording all of your financial transactions, while an accountant will be responsible for interpreting this information.

A good accountant will assist you in the following:

• Ensuring the accuracy of your financial documents, as well as their compliance with the relevant laws and regulations
• Maintaining and preparing financial reports
• Preparing your tax returns and making sure that taxes are paid properly and on time
• Analyzing your financial operations to recommend the best practices, identifying issues, and strategizing solutions to help your business run efficiently
• Offer guidance on reduction of costs, enhancement of revenue, and maximization of profits
• Conduct forecasting and risk analysis

The secret to a well functioning business is good accounting – so instead of stressing over the endless details, consider hiring a professional who will help you keep your business on the up and up!

You’re making some money [money eyes emoji]

But then you realize, oh no! You lost count of the beans [mind blown emoji]

Time to hire an accountant to sort it out – so what exactly does an accountant do?

An accountant is responsible for keeping and interpreting your financial records. Most accountants complete a wide range of finance-related tasks, for individual clients or for the businesses employing them.

That's not to be confused with bookkeepers, who actually have an entirely different job.

A bookkeeper will focus on recording all of your financial transactions, while an accountant will be responsible for interpreting this information.

A good accountant will assist you in the following:

• Ensurin

Account-Ant: Carrying and counting figures on our backs like nobody’s business!

We are proud to offer accounting services for you, your family, and your business.

Are you in need of some assistance in dotting your financial I’s and crossing your taxable T’s?

Then feel free to reach out at any time and we’ll be happy to count your beans!

💡 Tax Strategy 101: Tax season doesn’t have to be stressful. With strategic planning, you can maximize deductions and stay compliant!

A fine is a tax for doing wrong. A tax is a fine for doing well.
Can we ever catch a break?!

Getting mixed up with your tangible targets, accrued assets and liquid liabilities?

Learning financial lingo can be like speaking a whole new language, so allow us to clear up a few key terms:

- Cost of goods sold (COGS): How much it costs you to deliver/produce what you offer. These are the expenses you pay to do everyday business, and are key in determining your business’s profit
- Inventory: This includes all of the raw material you have in storage, items currently in production, and finished goods that are ready to be sold.
- Assets: These are your business’s physical and non-physical property, which add to the overall value of your business. Current assets can be converted into cash within a year, and Fixed assets are the ones that may take a bit longer.
- Liabilities: This is the money that your business owes. Also broken into short term and long term – payments due within a year, and payments not due within a year
- Equity: The value of your business after subtracting your liabilities from your assets
- Revenue: A fun one – the amount of money your business brings in from sales!

After learning these few phrases, you’ll be ready to schmooze in style – and your accountant will thank you!

📊 Did You Know? Accurate bookkeeping isn’t just about tax season—it's crucial for daily business decisions!

Test your financial knowledge:

The terms “accountant” and “bookkeeper” can be used interchangeably.

A good accountant will help you save more money, so you can spend more on what you love.