Apr 7, 2023 | Bookkeeping
Lowering your tax bill for your small business is always a goal; with the tips below, you can do just that. And don’t worry, all of the tax tips below are completely legal, it just will take some time between you and your CPA to make sure you are planning for...
Jan 25, 2023 | Bookkeeping
Tax season is upon us! For many business owners, sending out the 1099 form is a necessity that must be completed soon. Many business owners, however, wonder whether they must send them out to vendors. They aren’t necessarily sure of all of the required items...
Nov 29, 2022 | Bookkeeping
One of the most important things you’ll do in your business is set up and maintain your financials properly. Categorizing expenses, keeping an eye on the money going in and out, as well as managing the details of your revenue and inventory are crucial. And all...
Sep 16, 2022 | Bookkeeping
Now that the 3rd Quarter of 2022 is quickly coming to an end, it may be time to start thinking about scheduling a meeting with your CPA. Have you thought about what you need to prepare when it comes to your business taxes? Now is the perfect time to take simple steps...
Apr 9, 2022 | Bookkeeping
When it comes to different accounting methods, we know it can be confusing. But what exactly is the Difference Between Cash and Accrual and what is best for your business? Mainly, it lies in the timing of when revenue and expenses are recognized. Specifically: The...
Oct 13, 2020 | Bookkeeping
When you have your own business (and are not taking traditional payroll), there is nothing worse than getting to the end of the year, preparing your taxes, and realizing that you owe WAY more than you anticipated. The government is not taking out taxes from your pay...
