Mar 19, 2015 | Bookkeeping, General
Tax deductions are valid business expenses that you claim on your taxes. Claiming deductions saves you money by reducing your taxable income so you pay less in taxes to Uncle Sam and your friends over at the IRS. The best part is that you are probably already paying...
Mar 10, 2015 | Bookkeeping, General
As a business owner, you have certain deductions that can save you on your tax liability. If you’ve been in business long enough, you’ve probably heard of “Section 179” relating to depreciation. What is it exactly? This special tax election allows business...
Feb 11, 2015 | Bookkeeping, General
So, you are new to using QuickBooks for your bookkeeping needs or you are still learning the nuances of the program. Well, you are not alone! 85% of small businesses use QuickBooks for their accounting software and while it is quite useful, some of the functions are...
Feb 4, 2015 | Bookkeeping, General
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not exactly. Your business isn’t the smart car of the future! Any business owner knows you need to make...
Jan 27, 2015 | Bookkeeping, General
We’re all human and mistakes happen. But even a seemingly small mistake to the IRS could end up costing you, either in the form of a larger tax bill or a smaller refund (cue sad trombone soundbite). Some tax preparation mistakes seem to happen year after year. Having...
Jan 21, 2015 | Bookkeeping, General
Sometimes it can seem that Accounts Payable, or A/P, is a simple, mundane task. In reality, it can be a very effective tool in increasing cash flow and spotting potential fraud within your company. Whether you are a small business with one customer of a Fortune 500...
