The Entrepreneur’s Guide to Understanding Profit & Loss Statements
As a business owner, understanding your company’s finances is a crucial part of growth and success. Without a pulse on your profits and losses, you don’t have a sense of what direction you are heading. So not only do you need to be aware of your P&L’s, but you need to check them regularly to […]
Your Last-Minute Tax Filing Checklist
Announced March 17, 2021, the IRS has extended tax day for individuals from April 15 to May 17, 2021. Getting things in order If you’re still working on pulling together all of your information for your 2020 tax filing, it is not too late! We’re sharing a last-minute tax filing checklist to help you get […]
5 Tools to Invest in This Year to Help Keep Your Business Organized
1. QuickBooks for bookkeeping QuickBooks is a great tool for managing your business accounting and sending out invoices. Depending on the QuickBooks version you use, you can do everything from invoicing and generating reports to running your team’s payroll. If you’re unsure of which QuickBooks option is right for your needs, check out our resource […]
How to Know Which QuickBooks Version is Right For Your business
Your business is ready to start accepting payments and dedicate business accounts specifically to that income. Congratulations! Now what? We recommend QuickBooks for many of our clients and friends looking to manage cash flow online and simplify account reporting. QuickBooks is an accounting software tool with products perfect for small to medium-sized businesses. It allows […]
Documents To Prepare For This Year’s Tax Filing
Whether it’s your first time filing taxes for your business this year or your tenth, being prepared for tax season and keeping your documents organized will save you time and make the process go smoothly. Unsure of what documents you even need in order to file your taxes? We’ve got you covered. We’re breaking down […]
Tips to Return to Work Safely
How to Keep your Team, Customers and Business Safe During the COVID-19 Pandemic Managing a business through COVID-19 was likely not how anyone expected to be spending 2020. Through the spring and summer months it seemed like every day brought bad news, new rules, and new regulations. Keeping up with the details of what individuals […]
Paying Yourself When You Are Self-Employed; Understanding the Options
Paying yourself when you are self-employed is not always a simple affair. Staying on the right side of the tax laws means you can’t always just have someone write you a check, deposit in your bank account and be done with it. When you decided to head out on your own, at least one of […]
Top 5 Accounting Challenges Small Businesses Face
If you are a small business owner, you wear a lot of hats: Human Resources, Customer Support, Marketing, Accounting… the list goes on. All of these hats can lead to some incredibly long hours – taking away precious time from running your business. Accounting is often an area that creates quite the challenge – especially […]
Taxes and Cryptocurrencies
Cash or property? If you have used or invested in cryptocurrency, such as Bitcoin, the taxes may not be as straightforward as you think. Taxes are what we know best, and we’re here to walk you through the layers of filing your taxes when owning cryptocurrency. What is cryptocurrency? Cryptocurrency is a digital form of […]
Financial Guidelines and Structure for Nonprofits
Everything goes more smoothly with a defined process and responsibilities. If you’re working through organizing your nonprofit’s structure, setting up clear financial guidelines and structure can seem daunting. But with the right procedures and roles in place you can create transparency with your stakeholders, staff, donors, and those you serve. You can also increase trust […]