One of the most frustrating experiences for business owners is watching revenue increase while financial pressure remains constant.
The Hidden Cost of Disorganized Financials in Growing Businesses
Most business owners do not wake up one day and decide they suddenly need bookkeeping support.
What Business Owners Actually Need From a Bookkeeper
For businesses between $250,000 and $5 million in revenue, bookkeeping becomes a critical operational function. It affects leadership decisions, cash flow visibility, financial planning, and long-term growth.
7 Signs Your Business Has Outgrown DIY Bookkeeping
One of the most common mistakes growing businesses make is continuing to operate with financial systems designed for a much smaller company.
Memorized, Commented, and Scheduled Reports in QuickBooks
Have you explored what you can do with QuickBooks reports once you’ve created them? QuickBooks reports are your reward for tracking your business income and expenses conscientiously. Rather than scanning through lists of customer invoices to see which ones are past due, you can run an A/R Aging report with a couple of clicks. Same […]
14 Unusual Tax Deductions That the IRS Allows
You’d be surprised to learn what unexpected tax deductions could be legitimate. If you’re itemizing for tax year 2021, you’re probably trying to claim as many acceptable deductions as you can. Why would you not? Some of them are pretty conventional. Mortgage interest. Medical expenses. Home office. Charitable contributions. It may be, though, that you’re […]
How to Protect Yourself from Tax Identity Theft
It can happen online or offline. Are you taking steps to protect your identity? As you work on your 2021 income tax returns, the IRS is still catching up from the 2020 tax year. Because of the COVID-19 pandemic and the problems it caused for all kinds of businesses and government agencies, there are reports […]
Starting a Side Gig in 2022? Your New Tax Obligations
It’s not just self-employed individuals who must pay estimated taxes. Here’s what you need to know. W-2 income tax withholding isn’t perfect. You’ve probably had years when you owed more than you expected to on April 15. Or you were pleasantly surprised to receive a sizable refund. The idea, of course, is to try to […]
17 Things You Should See On Your 2021 Tax Return
Some of them are new and others are extensions of previous changes. Here’s a look at what to expect. The Tax Cuts and Jobs Act of 2017 threw a lot of taxpayers for a loop with its myriad changes to tax law. Then the emergence of COVID-19 triggered a flurry of legislative action designed to […]
Are You Using QuickBooks’ Custom Fields? Should You Be?
QuickBooks was designed to be used by numerous types of small businesses. Custom fields help you tailor it to meet your own needs. One of the reasons that QuickBooks is so popular is that it can be used by a wide variety of business types, from pet stores to landscaping companies to coffee shops. Many […]