Lately I made a decision that I had a desire to investigate starting my own home based enterprise. My husband was supportive of the idea but believed that we should begin by seeing an accounting service. I told him that I didn't think it was necessary to involve an accounting service instantaneously, I did not even know what versions of business opportunities were obtainable. He felt very strongly that if I was going to do this I should start out correctly.

I spoke to a number of the neighborhood business owners to see who they used for their accounting service. They all agreed that it was helpful to have a neighborhood provider for your accounting service so that if concerns come up they can be answered speedily. One of the reasons for beginning the business was to help get rid of debt and a local accountant will be accessible for guidance in getting all of the tax breaks permitted. Also when it comes to tax time you don' want to be a long-distance from your accounting service in case you have to provide additional receipts or other facts. I contacted a local accountant and made an appointment to meet with him.

At the meeting I said that I was looking at starting a home based business hoping that after some time it would help in getting rid of debt & if he had any pointers for how to get rid of debt I would welcome it. I told him that at this time I didn't know what specific business was going to be, but I was starting with my conversation with him. He informed me that an accounting service could do a range of tasks, depending on what the business is and what tasks I would be comfortable and knowledgeable about doing on my own. He said that if I was going to have workers I would need to have a tax identification number, which he could obtain for me. He said that with his accounting service he does all the bill paying and accounts receivable for some of the local business owners & for others he only does their taxes, again it actually depends on aptitude and comfort level of the individual. He advised me to hang on to every receipt from expenses as I began my business so that I would have it for tax time. He gave me some good theories on how to organize my business files so that they were be the most useful to me right from the beginning of the business, rather than trying to organize things down the road.

I am still in the very beginning stages of getting started with my home business, but the accounting service meeting helped me with fantastic theories of how to organize the paper-work right from the start. Plus I know that I have a great resource at my disposal for my accounting questions.

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