The Burkhalter Group

03/08/2024

VAT, standing for value-added tax, plays a large role in several countries’ tax systems. It is important to consider when a business is looking to conduct and manage financial affairs abroad as it is employed by over 160 countries worldwide. To best navigate the VAT landscape, learn the principles of tax credits and VAT refunds.

Value-added tax (VAT) is a significant component of many countries' taxation systems, impacting businesses and consumers alike. Understanding the basics of VAT and exploring the possibility of VAT refunds can be crucial for businesses looking to manage their financial affairs efficiently. Understand...

03/06/2024

Sure, you've heard how having a business consultancy service can help your business grow, but do you know what we actually do? Below are some common services that we provide. Need help with handling your finances? Contact us today at (865) 984-4080!

03/05/2024

Don't wait until April, get real answers from a tax professional now! Give us a call at (865) 984-4080.

03/04/2024

When your business undergoes a review, there are three stages that are usually followed: discovery, evaluation and implementation. Here, in the image below, we explain what happens in each stage. We're here to help you, contact us at (865) 984-4080 today!

03/01/2024

Continuous accounting has completely revolutionized traditional accounting methods by offering more real-time approaches to the way a business manages its finances. It involves distributing and automating the financial process throughout the accounting period rather than focusing on them solely at the end of the period.

Continuous accounting is revolutionizing traditional accounting practices, offering a more dynamic and real-time approach to financial management. In this blog post, we'll explore the numerous advantages that Continuous Accounting brings to the table, transforming the way businesses handle their fin...

02/28/2024

You already deal with enough daily stress, let us take care of your taxes for you. You deserve it! Contact us at (865) 984-4080 to set up a consultation today!

02/27/2024

It is easy to think that you can do it yourself and manage your own bookkeeping while upkeeping your business so you can save money. However, it's a heavy burden to carry alone. If you do your own bookkeeping, you must maintain meticulous records of every single transaction and receipt, keeping them organized so they are easily accessible. It's easy to miss something causing errors, which can throw your whole books off. Running a business is hard, but bookkeeping shouldn’t be. Let our professional bookkeepers handle it for you! Contact us at (865) 984-4080.

02/26/2024

Be sure to take advantage of deductions this tax season such as medical, charitable, or business. You might also be eligible for tax credits falling under education and child/dependent care. Don’t take on the burden of doing your taxes alone. Leave that up to us, the professionals! Contact us today at (865) 984-4080.

02/23/2024

Risk management is an essential aspect for businesses and individuals as it helps identify impacts to your financial goals. Despite its popularity and importance, there are quite a lot of commonly made mistakes by organizations when it comes to risk management. Avoiding these mistakes can assist you in maintaining a robust and successful business strategy.

Risk management is a critical aspect of sound financial decision-making for businesses and individuals alike. It involves identifying, assessing, and mitigating potential risks that could impact your financial goals. Despite its importance, there are common mistakes that individuals and organization...

02/21/2024

When creating a monthly budget, one of the most important steps you need to take is categorizing your spending into categories of "wants" versus "needs." This step can be challenging for most people as determining what is a need vs a want varies from person to person. Sometimes it's possible to miscategorize a want as a need if you've become accustomed to it already. Below are some general examples of what constitutes a "want" versus a "need." If you're looking for more help with setting up your budget, don't hesitate to call us at (865) 984-4080 today!

02/19/2024

Are you nervous that you might not be able to pay your taxes? Keep in mind that if you can’t pay by Tax Day, interest will start to accrue, even if you request an extension. Sometimes, when filing your own taxes, it is easy to miss important deductions and credits that you may be eligible for. Get real answers from a tax professional! Give us a call at (865) 984-4080.

02/16/2024

Planning strategically and making informed decisions can help you to avoid accumulating tax debt and maintain financial stability. Making these smart money moves really can help you put your best foot forward to financial wellness all while approaching tax season with confidence.

Tax season can be a stressful time for many individuals, and the fear of accumulating tax debt looms large. However, with strategic planning and informed decisions, you can navigate the complexities of taxation and reduce the risk of finding yourself in debt to tax authorities. In this blog post, we...