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What is the Employee Retention Credit (ERC)? The Employee Retention Credit (ERC) Is A Federal Payroll Tax Credit Designed To Reward Businesses For Retaining Employees Despite Economic Hardships During The COVID-19 Pandemic. The Tax Credit Was Initially Signed Into Law In March Of 2020 As Part Of The CARES Act. The Credit Was Later Expanded…

One of the biggest tasks for any small business is the sheer number of transactions they have to process. Local bookkeeping and transaction processing is a smart way for those companies to get ahead of the game. Even larger companies that don’t deal with daily transactions still need a way to handle things like accounts…

How can you decide between working with a local bookkeeping firm and the alternatives? There can be significant drawbacks to letting a major accounting corporation take on your books. Likewise, keeping it in-house is expensive. Local firms provide benefits that surpass any other advantages from those two options. A Local Bookkeeping Firm Means People You…

Local bookkeeping providers can be of enormous help to a growing business. It’s important to ensure that this collaborative process between two companies flows well. Here are five key ways companies can get the full benefits of working with local bookkeepers. 1. Understand Your Core Competencies Working with local bookkeeping providers is simpler when you…

Suppose you’re thinking about choosing a local bookkeeping service for your small business. In this situation, it’s important to know what variables you ought to consider. Certain characteristics can make or break the success of a bookkeeping firm. By extension, they’ll also affect the businesses they serve. Here are five critical factors that you should…

Utah is one of the most business-friendly and fastest-growing states in the USA. That means there are a lot of growing companies that need to find a local bookkeeping service in Utah. Since SyncLedgers is near Thanksgiving Point in Lehi, we’re at the center of Utah’s biggest new economic dynamo. We are the best bookkeeping…

Syncledgers is proud and happy to work with clients from all over the world. As a Utah local bookkeeping firm, though, we have something special. We’re in a unique position that allows us to provide top-notch bookkeeping to anyone. Where we shine most, though, is among our fellow Utahns. There are certain benefits our neighbors…

Detailed financial statements in small business bookkeeping may seem like a waste of time. When we’re talking about smaller dollar amounts, does it make a difference? Does it matter whether we use the same practices as major corporations? To answer that question, it’s worth asking another: how did the big companies get so big? There…

SyncLedgers bookkeeping is for small businesses and entrepreneurs. It gives you an easier way to make sure that you can stay on top of your finances. We provide daily updating, plus monthly reconciliation, reporting, and analysis. We also help to organize everything at tax time! That’s the tweet, but what does it mean? Let’s take…

Running a business is no easy task. It requires close attention to detail for everything to come out right. A bookkeeping mistake can happen when that attention isn’t present. Too many mistakes can undermine a company’s financial health to the point of failure. There are two types of mistakes business owners need to concern themselves…