Bowen Arrow Financial Service

Bowen Arrow Financial Service Your trusted partner for financial peace of mind. Contact us today!

Bowen Arrow Financial Service offers expert bookkeeping, financial statements, payroll, tax prep, and insurance services tailored to small-to-mid-sized businesses in Las Vegas.

If this sounds like you, we would love to work togetherSend us a message or comment below for more details.
05/29/2026

If this sounds like you, we would love to work together

Send us a message or comment below for more details.

According to IRS guidelines, most small business owners should keep tax records for at least 3 years from the date the r...
05/28/2026

According to IRS guidelines, most small business owners should keep tax records for at least 3 years from the date the return was filed.

However, there are a few important situations to be aware of.

- You should keep employment tax records for 4 years.

- If you underreported income by more than 25 percent, keep records for 6 years.

- For bad debt or worthless securities, keep records for up to 7 years.

- If no return was filed or it was fraudulent, records should be kept indefinitely.

When in doubt, keeping records longer is usually safer than getting rid of them too early.

Make sure to follow our page for practical tax, business, and financial tips.

Intuit is phasing out QuickBooks Desktop 2023, with support, security patches, and add on services like payroll and bank...
05/27/2026

Intuit is phasing out QuickBooks Desktop 2023, with support, security patches, and add on services like payroll and banking ending on May 31, 2026.

After this date, there will be no more updates, security patches, or technical support. While the software may still open, it will become increasingly outdated and vulnerable over time.

If you are unsure what this means for your business or need help with your transition to QuickBooks Online or another solution, we are here to help.

Send us a message or comment below.

https://calendly.com/bowenarrowfinance/accounting-bookkeeping-consultation

05/26/2026

It’s not just technical skills I need to cultivate as a business owner of a bookkeeping business.

I have to sharpen hard and soft skills so I can help my clients in the best way possible.

Looking for financial services and leadership that grows with you?

I'd love to learn more about your business and how I can help!

Budgeting does not have to be complicated. Here are 3 simple ways to manage it better.1. Use bookkeeping software with b...
05/26/2026

Budgeting does not have to be complicated.

Here are 3 simple ways to manage it better.

1. Use bookkeeping software with budget tracking.

Tools like QuickBooks Online or Xero allow you to create and monitor budgets alongside your actual numbers, so you can stay on track throughout the month.

2. Connect your bank accounts.

Sync your business bank and credit card accounts to automatically import transactions and keep everything up to date without extra manual work.

3. Set your budget limits inside your budget tracker.

Use the budgeting feature in your software to set monthly budgets by account, then run Budget vs Actual reports to compare your actual spending and catch any overages early.

Check in regularly to make sure you are staying within those limits and adjust as needed.

Have questions about budgeting for your business? Drop them below.

Happy Memorial Day!Today, we pause to remember and honor those who have served and sacrificed.It is a moment to reflect ...
05/25/2026

Happy Memorial Day!

Today, we pause to remember and honor those who have served and sacrificed.

It is a moment to reflect on the courage, dedication, and lives given for our freedom.

Grateful today and always!

What tool or app do you use and love?Staying on top of your personal finances is just as important as managing your busi...
05/24/2026

What tool or app do you use and love?

Staying on top of your personal finances is just as important as managing your business!

Have payroll set up for your business? Which one are you using?Have questions about starting payroll? Drop them below. ...
05/23/2026

Have payroll set up for your business? Which one are you using?

Have questions about starting payroll? Drop them below.

Take a moment to step away, recharge, and reset. You have earned it!What are your weekend plans this holiday weekend? ...
05/22/2026

Take a moment to step away, recharge, and reset. You have earned it!

What are your weekend plans this holiday weekend?

Comment below if you have questions about one specifically.Let us know which one you are using.
05/21/2026

Comment below if you have questions about one specifically.

Let us know which one you are using.

Common triggers include underreporting income, claiming excessive or unusual deductions, using large rounded numbers tha...
05/20/2026

Common triggers include underreporting income, claiming excessive or unusual deductions, using large rounded numbers that suggest estimates, and failing to issue or file 1099s or W 2s.

Here are some commonly audited business types:

- Sole proprietorships with higher risk due to income reporting and deductions
- Cash intensive businesses where income may not be fully reported
- Construction and real estate with worker classification concerns
- Professional services (Doctors, Lawyers, Accountants) that claim significant deductions in travel and office expenses
- Businesses reporting ongoing losses
- Businesses claiming tax credits without proper documentation

How to protect your business:

- Organize and review your financial records
- Respond to the IRS promptly
- Work with a professional to handle the process correctly

Staying organized and accurate is the best way to reduce your audit risk and stay prepared.

Need help making sure your books are always accurate?

Send us a message or comment below and we’re happy to help.

Address

Las Vegas, NV

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17252498968

Website

https://bowenarrowfinance.kit.com/03231dda20, https://budget.queenbuzzybee.com/bowen-arro

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