Hello world!

Welcome to M Hernandez Income Taxes & Bookkeeping. Check back soon to get some tips for your small business. The heart of a successful business comes from accurate records that tell you, the business owner, where your money is at any given point.

Do you know what was your business profit last year?

Did you make more or less than the year before?

If you are not sure how to answer the questions above. Don’t worry! Take a look around, learn how to read the financial documents given to you by your bookkeeper. Once you learn how to read the financial documents, I know your business decisions will change for the best. Once you learn to rely on reading income statements and balance sheets, you understand the big picture. Think of a baseball game, you hope your team wins enough games to get to the playoffs and then every game you hope they make enough runs to win the game. The same goes with your business, we read balance sheets to see where you current are at (do we have enough wins to get to the playoffs) we also have the income statement (do we have enough runs to win the game) that each tell us a different story of the business.

Hope that helps, if not, well come back and maybe a different post might enlighten you a little more.

A little biker info…….
When planning a long road trip. We have gas stations in our heads. After all we only get about about 150 to 200 miles per tank. We over plan and we always fill up at any gas station we stop.