7 Accounting tasks To Do Each Week

Managing the accounting and bookkeeping tasks for your business doesn’t have to be like eating your peas as a kid.  A realistic plan with a budget, recording transactions correctly, reviewing the business financial statements for irregularities, and always...

Shark Tank Valuation – How It’s Done

I’m sure you’ve heard of the show Shark Tank. It is one of the highest rated shows currently on television and I happen to love it. Seeing success stories from small business people with great ideas is rewarding. It’s a big reason why I do what I do. Helping Small...

5 Steps to Better Automate Your Budget

I love creating better efficiencies.  If there is a way to have technology better assist my everyday life, I’m all for it!  Automation frees up time to do more of the things you like or gives you time to help grow your business.  In short, time is money and automation...

How to handle deposits – it’s not income…yet.

This blog entry is for my property managers out there or anyone else that receives deposits or prepayments from customers before the service/product is done.  For example, when a vacation rental is booked through a website like VRBO, a property management company...

Common Deduction Mistakes

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...

How You Might Be Losing Money – Section 179

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...