BOULDER, CO, September 28, 2013 /24-7PressRelease/
-- As a financial consultant focuses on business development efforts, Gabe Fenton, Boulder, CO professional, explains that taxes play a major role in the success--or failure--of a company that hopes to expand. Although tax season has already passed, Fenton encourages all business owners to consult with a finance or tax professional to achieve better numbers next year. As such, Fenton points to a recent article
from Entrepreneur that suggests, "The key to improving your tax season experience is preparation throughout your entire fiscal year, not just at filing time. And since we're only a few weeks removed from tax season, the numbers are likely still fresh in your brain and for better or worse, so now's the time to burnish your accounting practices."
The article offers three critical tips to streamline the tax preparation process, one of which encourages businesses to opt for an improved data storage solution. Entrepreneur explains, "If this year's filing was a mess of receipts and invoices and other documentation, there absolutely is a better way, and it's up in the cloud. From the ability to upload pictures of expense receipts to real-time bank sync, simple cloud-based accounting tools not only help you maintain solid record keeping but it will also make your accountant happy."
Gabe Fenton, Boulder, CO financial consultant, states, "Cloud computing and streamlined platforms can make an incredible difference in the way businesses track financial records for tax season.
However, if you plan on implementing a cloud-based system, be sure to fully research your options. Some may be too complex for particular business needs and others may fail to live up to your expectations. Since it is handling such sensitive information, you have to make sure your data is protected."
Gabe Fenton of Boulder, CO also highlights Entrepreneur encouragement to "commit to staying current." The article continues, "Procrastination is the bane of all accounting--and virtually every small business owner is guilty of it. We don't reconcile our cash accounts with what's in the bank because it's annoying. We don't categorize expenses because there's not enough time in the day. If you think about it, accounting isn't time-sensitive until it becomes a borderline emergency. But regular, consistent record keeping is the key to preventing next year's tax season fire drill."
"As a financial consultant, I can always achieve better solutions with clients that are prepared and have their records up-to-date. Not only will staying current help with tax filing, but it will help with many other financial duties that a business must tend to throughout the year," Gabe Fenton, Boulder, CO resident, concludes.
Gabe Fenton, Boulder, CO resident, is a leading professional in the world of business development and financial consulting. With more than 20 years of experience in the field, Fenton has had the ability to utilize a diverse set of industry skills to help clients gain a higher sense of fiscal responsibility, as well as discover paths to greater success. Fenton is also credited with writing an informative book titled Employee Stock Options, A Strategic Planning Guide for the 21st Century Optionaire. In addition to his years of accomplishment, this graduate from the University of Massachusetts remains focused on his work in financial advising and business development.