As a social worker, you might be eligible for various tax deductions. Typically, expenses that are necessary, ordinary, and directly related to the nature of your work can be deducted. Some examples of potentially tax-deductible expenses for social workers include:

• Work-related traveling expenses (car repairs, gas, public transportation costs).
• Continuing education and professional development costs.
• Job-related supplies and equipment.
• Professional association dues.
• Professional licensing fees.
• Home office expenses (if you meet the IRS requirements).

It's always advisable to consult with a tax professional or a bookkeeper to understand fully how these deductions apply to your personal situation.

Accounting services can provide immense support in managing grants and funding for social work projects. Firstly, professional accountants can help in setting up systems that track and allocate funds accurately, ensuring financial accountability and transparency. Secondly, they can assist in preparing and submitting financial reports required by grant providers, ensuring compliance with funding terms and conditions. Thirdly, they also have the expertise to handle audits effectively. Finally, with their knowledge of tax laws, they can maximize grant usage while minimizing tax liability. This expert financial guidance can allow the social work professionals to focus on their primary mission – helping people.

Bookkeeping can play an integral role in tracking billing for individual clients or social service organizations. Here's how:

<ul><li>Tracking Revenue: Regular bookkeeping helps in recording all incoming revenue from clients. This simplifies the process of sorting out who has paid and who hasn't.</li><li>Client Billing: By maintaining detailed client records, bookkeeping can assist in generating client bills, making sure no services or transactions are missed.</li><li>Managing Expenses: Bookkeeping ensures all business expenses are recorded, making it easier to analyze costs and make strategic business decisions.</li><li>Fulfilling Tax Obligations: It assists in calculating taxes owed accurately, helping you avoid penalties or fines.</li><li>Forecasting & Budgeting: Regular bookkeeping helps to understand revenue trends, which can make future budgeting and financial planning more accurate and effective.</li></ul>

With proper bookkeeping, individual clients or social service organizations can streamline their financial management, making their operations more efficient and successful.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.