Accounting a Bit Scary without Bookkeeping Services? Spooky Tales to Avoid

By | October 19th, 2017|Categories: Accounting, Bookkeepers, Bookkeeping, Small Business, Uncategorized|Tags: , , |

Halloween—it’s a night that allows children and adults alike to shed their skins and become something else entirely. But while the streets outside fill with witches and goblins on the hoof for sweets and shrieks, in the accounting and bookkeeping services world, the last day of October marks the beginning of the end…of the calendar year. Read more

Attorney Bookkeeping Procrastination Cost

By | September 11th, 2017|Categories: Accounting, Bookkeeping|Tags: , , , , , |

How Much Is Putting It off Really Costing Your Legal Practice? How important is attorney bookkeeping to your practice?  You’re an attorney managing your own law practice. You more than anybody know that the details matter. Your cases sometimes hinge on the smallest of particulars—details that to someone in a different profession might not seem so significant.   You also know the struggle of keeping your Read more

Bookkeeping Quiz: What was your profit margin on your last 10 clients?

By | September 1st, 2017|Categories: Accounting, Bookkeepers, Bookkeeping|Tags: |

Any small business owner you talk to knows that it's their customers that make their success possible. But if a business owner has any success, it's because their bookkeeping lets them know what they are spending on each of those customers. It's simple: to turn a profit, you have to spend less than you earn from Read more

Accounting Mistakes New Small Businesses Make: 4 Things To Avoid

By | August 9th, 2017|Categories: Accounting, Bookkeeping, Small Business|Tags: , , , , , , |

It’s no secret that the business world is unforgiving. That’s why as an entrepreneur who is just starting out, you want to get everything right the first time, and that means handling your money responsibly with proper accounting. In fact, if you look at the statistics, money issues are one of the most common reasons that Read more

5 QuickBooks Tips and Tricks for Small Business Owners

By | July 7th, 2017|Categories: Accounting, Bookkeeping, Small Business|Tags: , , |

As far as essential bookkeeping services for small business owners go, QuickBooks is among the best. Using it for your accounting needs saves time and money for your business, not to mention that it keeps your business’s numbers organized and easily accessible so that you can tell whether you are making or losing money in an Read more

How to Tell If Your Small Business Needs a Part-Time CFO

By | November 11th, 2016|Categories: Bookkeeping, Financial Investments, Small Business|Tags: , , , , , , , , , |

Do you need a part-time CFO? Many small business owners are hesitant to hire someone to oversee their company's finances because they are unsure whether the benefits will outweigh the costs. It's well known that a Chief Financial Officer (CFO) can increase a company's profits by breaking down the financial information into usable data. However, hiring Read more

Keep Track of Miscellaneous Deductions

By | October 12th, 2016|Categories: Bookkeeping, Small Business, Tax Information|Tags: |

Miscellaneous deductions such as certain work-related expenses you paid for as an employee can reduce your tax bill, but you must itemize deductions when you file to claim these costs. Many taxpayers claim the standard deduction, but you might pay less tax if you itemize. Here are some tax tips that may help you reduce your Read more

Learn About the Tax Implications of Lending Money Before You Give Loans

By | October 8th, 2016|Categories: Accounting, Bookkeeping, Tax Information|Tags: , , , |

Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. But before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. There are tax implications of lending money that you need to be aware of. Read more

The Best Way To Store Tax Records: Which Ones to Toss and When

By | September 28th, 2016|Categories: Accounting, Bookkeeping, Tax Information|Tags: , , |

Now is a great time to clean out that growing mountain of financial papers and tax documents that clutter your home and office. Here's what you need to keep and what you can throw out so you can figure out the best way to store tax records. Let's start with your "safety zone," the IRS statute Read more

How Your Current Financial Planning Strategy is Hurting Your Bank Account

By | September 24th, 2016|Categories: Accounting, Bookkeeping, Small Business|Tags: , , , |

According to the US Small Business Administration, only seven out of ten small businesses survive their first two years. Increase that figure to five years, and about half survive. How about ten years? Only about a third of small businesses will see a decade of operation. If it wasn't apparent before, the importance of a financial Read more