Maximize Your Savings by Minimizing Your Tax Return

In the accounting industry, we are often asked, “What is the difference between a bookkeeper and a CPA, and which one do I need?” We can typically answer the first part in technical terms, but the second question is one that really depends on your small company or business and what it is that you want from your accounting. They are both qualified accounting professionals, but their certifications and what they can and can’t do differ. Which one is right for you? Only you can decide. WHAT IS A BOOKKEEPER? The tasks of a bookkeeper involve accurate, consistent, and systematic daily recording of a business’s financial transactions. The data they collect aids accountants in performing their global financial tasks. These tasks include: Entering transactions into a record Maintaining daily records related to financial transactions Paying suppliers Billing for services provided and goods sold Handling all aspects of payroll Invoicing Loan payments Creating financial reports A ledger, which i...

As we head into the new year, many will resolve to get their finances in order. Often, people think that a CPA is something you only need if you have a small business and are completely unaware of what a personal CPA does or why they could benefit from hiring one. Why should you Google “personal CPA near me” and choose our firm today? These are just some of the reasons that you need one for the upcoming year and going forward . WHAT IS A PERSONAL CPA? A personal CPA is one who focuses on working with individuals rather than just businesses. As an individual, you aren’t required to keep a ledger of all the things that go in and what goes out like you are as a business owner, but that doesn’t mean that you wouldn’t be better off financially if you run your personal finances as you would a business, keeping track of everything you are spending on and making. A CPA is an accountant who has met educational and experience requirements and is licensed by the State. This is distinguishable...

  Baldwin & Associates and Draffin Tucker are pleased to announce that the two Accounting Firms have joined, a move that allows both companies to expand their scope of services. Under the leadership of Bob Baldwin, Alys Anne Dennis and Stephen Moose, Baldwin & Associates has been offering individualized financial and accounting services for the greater Charleston area and coastal South Carolina since 2003. “We have decided to join Draffin Tucker because we share the same values of integrity, quality, and personal attention to our clients,” said Baldwin. “True to their tagline ‘Let’s Think Together,’ Draffin Tucker believes in real people working and thinking together to produce the highest level of services to support client and employee success. Baldwin & Associates shares this same philosophy – what a perfect match!” Draffin Tucker is an established firm offering a full range of professional accounting services for over 75 years from both the home office in Albany, G...