Monthly Archives: May 2021

STARTING A BUSINESS? WHAT NEW (AND EXISTING) BUSINESS OWNERS SHOULD KNOW

by admin

Starting a business can be overwhelming enough trying to get up and running but when you think about all the tax requirements, your cup may runneth over. Here is what you must know in order to start your own business on the right foot and avoid paying penalties and interest which can cost more than paying an accountant to do things right the first time.

WHAT FORM OF BUSINESS SHOULD YOU SET UP WHEN STARTING YOUR BUSINESS?

There are several different options including a sole proprietorship, partnership, corporation, S corporation or limited liability company. In general a sole proprietorship works fine if you are very small, not too profitable and aren’t concerned about legal liability issues. A partnership is like being married to the other partners. If you aren’t that cozy with them, you may want to set up another type of entity. Corporations are best suited for business owners who want personal legal protection and have profit available beyond what they will need for their personal use. See http://www.dgoodmancpa.com/smallbusinessretirementplan.htm for an example of what you can do with that available profit tax deferred until retirement. S Corporations are best when you are operating at a loss and want business owner legal protection. Limited liability companies will protect the business owner from personal legal liability and, if structured properly, can be a partnership, corporation or owner for federal income tax purposes.

DO YOU NEED AN EMPLOYER IDENTIFICATION NUMBER (EIN) WHEN YOU START YOUR OWN BUSINESS?

You need an employer identification number if you have employees, have a qualified retirement plan, operate as a corporation or a partnership, or need to file employment or excise tax returns. You do not need an employer identification number if you are a sole proprietor and don’t meet any of the requirements above.

WHAT METHOD CAN YOU USE TO ACCOUNT FOR YOUR INCOME AND EXPENSES WHEN YOU START YOUR SMALL BUSINESS?

The two most common methods are cash and accrual. The cash method in general allows you to report income and expenses in the tax year you receive it. The accrual method in general allows you to report income and expenses in the tax year you earn or incur it even if you haven’t received payment or paid it yet.

WHAT KINDS OF FEDERAL TAXES WILL YOU OWE WHEN STARTING A BUSINESS?

All businesses must file a return. The form used depends on what form of business you set up when starting your business. The federal income tax is a pay-as-you-go tax. In general you must pay the tax as you earn or receive income during the year to avoid penalties and interest if your tax liability for the year exceeds $1,000 including self employment tax for sole proprietors, partners and S corporation shareholders. Corporations should make estimated quarterly payments if they expect to owe $500 for the year. Estimated tax payments are due quarterly. Penalties and interest can be hefty so you should make sure you comply in order to avoid wasting money on IRS penalties.

WHAT TAXES ARE DUE IF YOU HAVE EMPLOYEES IN YOUR SMALL BUSINESS?

Your small business must pay social security and Medicare taxes, federal income tax withholding, federal unemployment tax along with your state and local income taxes. The associated tax returns for reporting these taxes are in general filed quarterly. Your business is entrusted to pay these taxes on behalf of your employees and not only do you have penalties and interest that you will pay for not filing them timely but can also be committing a crime due to the fiduciary responsibility. You need to be sure you know what you are doing here as the consequences could be costly.

WHAT RECORDS SHOULD YOU KEEP WHEN YOU START YOUR BUSINESS?

Except in a few cases, the law does not require any specific kinds of records. The most important thing to ask yourself is can you go back to all of the original receipts from the number on your return. If you were to be asked by an IRS agent to provide all the details of a certain number on your return, and you can not do that, you will be at his whim on whether he will allow that deduction. An efficient accounting system with a solid audit trail which has been reconciled is the safest way to be sure you have done this.

These are just some questions you may have regarding starting your new business. If you have more, e-mail me at dianne@dgoodmancpa.com and I will help you muddle through the tax and business issues you may have. After all, those of us that have our own business know it’s the only way to go but getting up and running can be a bit of a challenge.

This article was intended to provide general information about starting a business. It does not contain all the rules and exceptions that may apply to your situation. If you have further questions regarding starting a small business, I can be reached at www.dgoodmancpa.com.

Coming Soon – Year End Tax Planning and Preparation

CONTACT INFORMATION:

Dianne Goodman, CPA
Comprehensive Small Business Solutions, PC
505 323-2307
1 866-531-3035 toll free
http://www.dgoodmancpa.com

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The Benefits of Junk Removal

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Let’s face it, you have probably put off the this task long enough, and
what better time to give your home a much needed junk removal in
preparation for the impending traffic that the summer will bring. Just
in case you need a little motivation, this article will seek to provide
you with a few of the advantages of riding your home of junk.

The first benefit of junk removal, and perhaps the most obvious, is the
advantage of increased space in your home, whether it is in your
closets, attic, basement or garage. Getting rid of junk that you are not
using can and does usually open up lots of space in the room you are
cleaning. As a result, you will be presented with more space that you
can either leave empty to marvel at or simply turn it into something
functional such a work space, hobby room, or media room etc.

Another benefit of ridding your home of junk is giving away unused or
gently used items, if you so choose, to individuals who could use them,
i.e. friends and family or local charities. Although it is common to
give gently used items to friends and family, you can also give such
items to charitable organizations who can then distribute the clothes,
shoes, furniture, etc. to people in need. Moreover, you can receive a
receipt for a tax write-off for your donations, which can help with your
tax expenditures. Irrespective of the tax write-off, it is particularly
generous and beneficial to give away things that clearly you are not
using.

The last benefit of junk removal is the sense of accomplishment. Sure we
all embark on spring cleaning with the intention of ridding ourselves
and our homes of junk that has piled up over the course of a year or
more, but one of the unexpected outcomes that we end up realizing is
huge sense of accomplishment. Furthermore, the bigger the space you have
cleared and/or organized, the bigger the feeling of accomplishment.

With spring coming to a close and summer upon us, time is of the essence
with respect to cleaning or organizational projects. This is especially
true for those areas of your home that require you to get rid of the
junk that you have accumulated over the course of a year, or perhaps
even longer. While such a task can be daunting, it is important to keep
in mind all of the benefits of junk removal such as realizing increased
spacing in your home, giving to those who can benefit from the use of
the items you need to discard as well as the tremendous sense of
accomplishment for every space you are able to reclaim as a result of
your cleaning.

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ABOUT THE AUTHOR

Let a virginia
beach junk removal company take care of items you want to have
removed and discard. Learn more about the services of one company here:
http://www.southsidecontainers.com.

Construction Workers are at Risk for Fatal Accidents

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The U.S. Department of Labor Bureau of Labor Statistics has compiled several statistics regarding safety and and information about injuries that occurred on the job in the construction industry. Some of these statistic are:

* One of every five workplace fatalities is a construction worker.

* There were 1,225 fatal occupational injuries in construction in 2001, excluding fatalities on September 11. Also in 2001, there were 481,400 nonfatal injuries and illnesses in construction. Incidence rates for nonfatal injuries and illnesses were 7.9 per 100 full-time equivalent workers in construction, and 5.7 per 100 full-time equivalent workers in all private industry in 2001.

* Because only about 10% of construction companies employ more than 20 workers, the great majority have no formal job safety regulations or programs in place.

* In 1992, the “lost-workday” rate for workers in the construction industry was 5.7 per every 100 full-time workers. The lost-workday due to injury rate in the construction industry is greater than in any other industry.

* Nationwide, about 15% of workers’ compensation costs are attributable to injuries in the construction industry.

Almost every injury that construction workers suffer could makes the worker eligible for workers compensation rights. Legal actions against people with in authority positions such as general contractors, construction managers, equipment manufacturers, or subcontractors can supplement the constrained rights. These rights depend upon the application of various complex laws and the individual circumstances of the accident.

For example, in most construction projects, many different contractors are involved. If any contractor other than the direct employer has responsibility for the injuries, full damages can be recovered. Likewise, if a defective tool, machine, or other product causes injury, an injured worker can be fully compensated.

Construction workers have a right to a safe workplace according to OSHA, the Federal governing body for occupational safety and health. If a workplace hazard exists and action is not taken quickly, an employee should contact an OSHA area office or state office via a written complaint. If the OSHA or state office determines that there are reasonable grounds for believing that a violation or danger exists, the office will conduct an inspection. A workers’ representative has a right to accompany an OSHA compliance officer during the inspection. The representative is chosen by a union representative, if there is one, or by the employees. At no time may the workers’ representative be chosen by the employer. The inspector may conduct a comprehensive inspection of the entire workplace or a partial inspection limited to certain areas or aspects of the operation. At the end of the inspectionFree Reprint Articles, the OSHA inspector will meet with the employer and the employee representatives to discuss the abatement of any hazards that may have been found. These need to be corrected or serious penalties and legal liabilities may arise.

Essential Tips for Business Cards Online Buyers

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As soon as you start a business, one of the most important factors that you need to consider is to come up with business cards online. When it comes to advertising whether online or offline, it is necessary to spread the word about your business and one of the most effective ways to do this is through the cheap business cards

Searching the internet is the best way to shop around for professional printing companies. This is where you can compare the prices, designs and quality of services from different providers.

As you shop for business cards online, you can compare from one website to another to find the right one for your needs and requirements. You can do it without the need to go out of the comfort of your home. You can save on fuel, time, money and energy. It is easier to look for different designs and templates that will match your business. A good and professional online printing shop can provide a huge selection of designs and templates. It is important to do your own research regarding the reputation of a particular provider to avoid waste of time and money. Once you have found out the one that you can trust, then that is the time when you can select from their long list of creative templates and designs for cheap business cards.

You can find some providers that can offer fast, free shipping service for bulk orders. You may find one that can do next day shipping, but it depends on your location. You can also find companies offering two to three days shipping service. A reputable and experienced printing company offers free shipping for a minimum amount of purchase. There is always a great deal that you can find if you are on a tight budget.

Even if you do not have your own business, you can still order business cards for personal use. If you are working for a law firm, then you really need to have your own business card. You can become popular in your field by just handing out business cards to friends, relatives and acquaintances. The beauty of having a business card is the fact that you personally interact with people that you meet. You will have a personal relationship with your prospect clients and be able to build a long term camaraderie. Even if you are working offline or you have an online business, business card can help you become popular in your chosen niche.

It is vital that you choose business card designs that go along with the kind of business or career that you have. If you are a lawyer, then you do not want a card that will make you look childish. If you are into daycare business, then colorful business cards are just right for you. This is also the same with print brochures if you want to attract new clients or customers to your business. There are endless possibilities when it comes to designsFree Reprint Articles, but you need to choose one that will make you stand out. It is important to make sure that you have acquired the right type of business cards that will fit into the needs of your target clients. It is important to pick the types and the materials to use.

Selecting a Good Roof structure Or Exterior Contractor

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Picking an exceptional roofing or siding contractor might be a simple thing, however you have to do your exploration on them first. You have to know the search you are running for with your new roof or siding, and the sort of roofing contractor or siding contractor you are searching for to help. Roofing is a regular administration of the all inclusive community to require, so there ought to be an assortment of roofing and siding contractors in your general vicinity. You will pick the roofing contractor who best helps so you will be content with the roofer who puts your new roof over your head. Think about what kind of roofing shingles you are searching for. Contingent upon your zone and the general structural engineering of your house undoubtedly will help confirm the roofing materials may be the best choice for your roof. For a roof reinstatement, you might need to examine to see what roofing material was initially used to develop your roof and perhaps update from that point. TPO film and EPDM elastic layer are two of the most well-known decisions for another even roof. There is an assortment of contrasts between TPO and EPDM roofs. TPO has ended up mainstream with roofing contractors in the later past, and numerous accept that TPO roofs are most strong and withstand building developments superior to EPDM roofing materials. Then again, EPDM roofs have been being used for quite a while, and few individuals have any objections to them. Engineering shingles are a regular sort of roof for inclined roofs. You will need to pick a roof contractor who is agreeable to the sort of roof you are searching for. You may as well unequivocally take a gander at some different houses on your road, neighborhood, or companions in the range and in the event that you like they way it looks, get some information about their experience with the roofing contractor that established it. Catch up on their suggestions. Provided that no companions have proposals for roofers, or if, case in point, you can’t uncover a roofer who spends significant time in even roofs, you can take your roofing contractor pursuit to the web. Provided that you uncover your roofing contractor online make sure to make a request for references and talk over conceivable costs. Converse with the roofing or siding contractors who engage you on the telephone to get a feel for their techniques for reinstatement or any inquiries or concerns you might have before indeed, requesting that they turn out to give you and appraise. Thusly you are not squandering your opportunity or theirs. A great feel is to perceive how high force their offering procedure is. Provided that they are high force that is a great sign they will be at your house talking for an exceptional hour or additionally attempting to get you to sign right then and there and that their value will be even higher than the standard. Confidence in yourself with the decision you set to make and be certain that you have made the right choice. Good fortunes on your quest for the right roofing or siding contractor for you!

Article Tags:
Siding Contractor, Roofing Contractor

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ABOUT THE AUTHOR

Visit: Roofing lombard il, Roofers elmhurst il

Big D Construction Services Combines Safety And Quality Services In The Construction Industry

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In an industry where the workers and employees have to work having
their lives on their hands almost every single day, Big D Construction
Services aims to provide the mental calmness and complete safety with
the help of its policies, which allows everyone to work in a safe
environment that is promoting injury-free surroundings on a day to day
basis. This not only gives security to the people working, but also
boosts the quality of work and services. Whether it is the employees,
contractors, or visitors, the construction process is safe for everyone.
No more do you need to have second thoughts about your safety because
Big D Construction Company provides maximum guarantee and satisfaction
of quality services along with complete safety.

This civil
construction company is the larger part of its parent company named the
Big D Group. The role and aim of Big D is to provide construction
services of a very high standard, quality, and security. If you need a
construction project done in Western Australia, then Big D Construction
Company is your one stop for all the resources you can require for all
your civil construction projects.

What separate the Big D
Construction Services from its competitors are the people who work for
them. This had lead to the company being recognized for its impressive
results, along with safety and high quality services for the civil
industry in Australia. Moreover, it is not a team of amateurs, so you
can count on the professional expertise of the people involved in the
company to provide you with the best and highest quality of work
individually and collectively. Hence, the company is constantly thriving
in developing better and better safety systems and also investing in
employee training, in order to keep everyone on board well informed.

Whether
it is the workers, or the top management, the Big D Construction
Services workforce is highly skilled and experienced influential
supervisors. Through deep understanding of the business and
communication within teams, Big D now hosts some of the most experienced
industry players within their team. They are more than willing to offer
their expertise and guidance through Site Supervision Services.

The
Big D Construction Services have carried out various civil construction
projects in the past that makes up a valuable part of the rich history
of the company. The experience of the work force is spread throughout
diverse projects, which can be seen in the construction projects that
the company has carried out. Some of the past projects for Big D
Construction Services are as follows:

• Lang Hankok Railway Project at Hope Downs
• Fortescue Metal Group at Port Hedland
• BHP Whaleback Expansion Project at Newman RGP 4
• BHP Jimble Bar Expansion Project at Newman RGP 4
• BHP Expansion Project located at Yandi RGP 5
• Pluto LNG Woodside project at Karratha
• Citic Pacific Project – Cape Preston
• Rio Tinto Dampier Port
• BHP Redmont Rail Maintenance

Furthermore,
if you inquire about the Big D Construction Services in various
maritime and resource industries, you will find out that this company
has built a solid reputation as a leader in the civil construction
services. This is particularly true as Big D Construction Services take
immense pride in their customer care, as well as maintaining a strong
supplier-consumer relationship. Whenever you want deadline driven
services, you can be sure to count on the Big D construction company at
the same time without compromising in the quality of the service.
MoreoverComputer Technology Articles, the highlight of all this is that it is done in complete safe
and secure environment.

Doctor Review: Find Out How Professional Review Sites Can Help You Choose

by admin

 

In your search for a new physician, you likely have many questions. You probably want the best one available in your area, and to find this type of practitioner, you will have to do a little research before you choose. You may have to find out a few details beyond what is listed on their website. Consider some of the most important details that an online doctor review can offer you.Most physician websites can tell you where the practitioner went to school, as well as the number of years of experience. However, sometimes they do not go into detail, such as certifications that are held by the doctor in question. This is especially true when they are not updated often, as many doctors continually take classes to get new certifications. Most websites that offer reviews and information about physicians are updated frequently, thus showing you the latest information to help you make your decision.Recent awards may also be posted on such sites, sometimes even before the doctors can add them to their own website. The same goes for membership in certain professional societies. Since such qualifications are often positive details, you probably want to know them before you make your choice. Thus, a doctor review site can help you in your endeavor to select a new physician.On the other hand, this type of site can also let you know about any violations that the practitioner may have had. Most physicians do not have any violations on their record, at least not any serious ones that may lead to potential patients choosing another practitioner. Therefore, if you do see a review of a physician that looks alarming to you, as it contains at least one serious violation, you will know to look elsewhere. Fortunately, most cities do not exactly have a lack of doctors from which to choose, so you should still have a wide selection despite running into a few practitioners with bad records.Clearly, a doctor review website can be quite helpful, especially when the reviews are completed by professionals who know how to access both past and current information about physicians. This can help make choosing a medical professional easier than it has ever been, as these sites are usually either free or cheap to access. Additionally, you do not need to leave your computer (or even open more than one website) to find out these helpful facts. 

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ABOUT THE AUTHOR

Thanks to modern technology, an online doctor review can tell you about a physician when you’re looking for a new one. To find one resource to investigate your options for healthcare locally, please visit http://www.doctorreviewsonline.com/ 

Why it Makes Sense to Hire a General Contractor

by admin

 

Need some work done in your home? If so, don’t be tempted to do the job
yourself. Hire a reliable general contractor. You should hire a general
contractor if the job will take more than a week to complete, if it
requires several contractors to complete, or if it requires a few
permits. You should also consider hiring a contractor if you are not a
do-it-yourselfer or if you have a job that is expensive,
skills-specific, and so complex that you need the help of a
professional. Many homeowners do not realize that the average kitchen
remodel takes about 5 weeks to complete. Not to mention that in order to
remodel your kitchen, you will likely need a plumber, electrician,
cabinet and countertop contractor, flooring contractor, painter, and
someone who can install your appliances. That’s a lot of people.
Fortunately, you can hire a general contractor to take care of
everything. Here are the top reasons why homeowners should hire general
contractors.

They are Licensed

General contractors will protect your interests. They should be licensed
to perform the work that they are hired to do in your state. That
license means that they have demonstrated sufficient knowledge and
experience to work in this field. This will give you peace of mind when
you hire a contractor to work on your biggest investment: your home. Why
would you hire someone who does not know what he is doing?

They Will Take Care of Everything for You

Most people don’t know that work being done on a house requires a
building permit from their city. If you’re doing any type of major job
like adding a room, you’ll need to show your permits to the city
government and the work will have to be approved. If you hire a general
contractor, he will take care of all your paperwork. Everything will be
done for you. The contractor you hire will also schedule the
subcontractors and make sure each job goes smoothly. He will keep track
of the receipts, obtain the materials, and pay the subcontractors when
the job is finished. Remember that the job is not finished until you are
satisfied. Your contractor will also provide you with a contract that
includes the work that will be done, what steps will be taken to
complete the work, what materials will be used, and what the costs will
be.

Save You Money on Supplies

You might be able to save some cash on the materials needed for your
home improvement projects. Most stores selling them offer discounts to
contractors who shop with them regularly, so you’ll end up saving money.
You can also ask your contractor for receipts for the supplies that are
purchased. That way, you know how much they cost.

An Expert in the Industry

General contractors know all the ins and outs when it comes to
remodeling and building. They know what it takes to get the job done
right the first time. General contractors are up-to-date on the current
codes and they will make sure your house passes inspection. Good general
contractors will help you save money, time, and aggravation, so keep
that in mind if you own a home.

Article Tags:
General Contractor, Take Care, General Contractors

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ABOUT THE AUTHOR

When looking for a general contractor
Tallahassee residents should make sure that their selected
vendor has the skills necessary to get the job done correctly. Visit

http://www.kllcontractingflorida.com and learn more.

Want The Best Carpet Cleaning In Utah? Call Us At Salt Lake City Carpet Cleaning!

by admin

 

Many people find it quite hard keeping their carpets clean. Even when you have kids and many pets in your home, you can still have your carpets kept sparkling clean by carpet cleaning Salt Lake City. Your fabrics will be able to remain fresh and clean always.Even when these experts make sure that your mats are kept clean, it helps to ensure that you do everything that can help to make your fabric last longer. There are many ways which you can use to achieve this goal. To start with, you should come up with a no shoes rule that makes sure that no dust or dirt is left on the mat. The problem with many people is that they start this with determination, but they relax the rules thus allowing people to wear their shoes while stepping on it.Taking food and drinks in the area where your carpet is placed is a sure way to make it dirty regularly. Those people who have children could find it hard to enforce this rule, but it is possible. It is imperative to do your best and reduce the chances of this happening.Moreover, you can vacuum clean your fabric once per week. This gets rid of dust and also reduces the chances of allergens settling on it. Do not forget the parts that lie under the seat as failure to clean the whole of it may not solve many of the available problems.Ask the cleaner to use steam cleaning. This is one of the ways that could be used to prolong the life of your fabric. Depending on how the fabric accumulates dirt, you can choose to do steam cleaning after every four months. If you are some worries about the price, you can shop around and you will be amazed by your findings.Cleaning up stains immediately you notice them also helps a lot in maintaining your mat in a good condition. They tend to soak in when left to stay for longer. Choose the detergents well and you should never scrub it. Some mild detergents can be used to produce better results.By keeping your floor mat clean, you stand to benefit immensely. You have many options in carpet cleaning Salt Lake City to offer you high quality services. There are numerous washing options which are available for you choose.

Article Tags:
Salt Lake City, Carpet Cleaning, Salt Lake, Lake City

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ABOUT THE AUTHOR

One of our favorite resources is www.carpetcleaninginsaltlakecity.net. The world wide web is a fantastic place to locate Salt Lake City carpet cleaning. With their unbeatable customer service, you just cant go wrong!

A Few Simple Home Cleaning Tips

by admin

 

We all hate home cleaning. There is no way around it. Unless we want to live in a pigpen, we need to pick up around the house every now and then. If you can’t keep up with de-cluttering your home, you can always hire a home cleaning service instead.There are ways to tackle chores. Have a pail or something with a handle that has your entire supplies handy so you don’t have to run around the house looking for the glass cleaner or the dust rags. Things to carry in your home cleaning supplies bucket include dust rags, furniture polish, glass cleaner, bathroom cleaner, toilet bowl cleaner, etc.You should start to clean from top to bottom. When you begin dusting, start upwards and work your way down. By starting from the top, the dust will fall in a downward spiral.Take away anything that you believe will distract you. If you have to, unplug the telephone and turn the TV off. If you are in the middle of cleaning and your mom calls, you will sit and talk with her for an hour or so. That is distracting because you could have been done in that hour; plus you will not want to finish what you started after getting all comfy during your phone conversation.Take an empty laundry basket with you as you go from room to room. This way, you can pick up things that do not belong in that room. When you are completely done with your chores, you can put everything from the basket in its correct place around the house. You should also bring a large trash bag with you so that you don’t have to keep going back and forth to the trashcan.To have a fresh smelling home, a great tip is to sprinkle baking soda on your carpeting the night before you intend to clean. Leave it to set overnight and then vacuum it the next day. This will assist in getting rid of nasty odors.If you are planning on cleaning windows, you want to do them on a cloudy day instead of a sunny one, but you don’t want it to be raining out. If you have windows that are extremely grimy, add about three tablespoons of vinegar to each galloon of water. For drying windows, use newspaper instead of paper towels. This way you can prevent streaking and save money on using a great amount of overpriced paper towels. When using newspaper, wear rubber gloves so you do not get the ink from the newspaper all over your hands.If you want to be eco-friendly, try creating your own solutions to clean. Using pine oil that is 100% pure is perfect for getting rid of odors from garbage cans as well as cleaning your entire kitchen and the flooring in your bathroom.

Article Tags:
Home Cleaning

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ABOUT THE AUTHOR

Lakewood CO home cleaning companies are making life much easier for residents in the area. Get rid of the mess today by calling the professionals at http://www.merrymaidsswlakewood.com.