2020

  • 3 Times That Gift-Giving Can Run Afoul Of Income Taxation

    Gift-giving makes both the giver and the receiver happy. But anyone giving or getting gifts also needs to avoid unexpected consequences — especially with their taxes. When does gift-giving run the risk of being a taxable event? Here are three of the most common situations. 1. When the Gift Is Large Gifts of large monetary value can run afoul of the gift tax laws. Few Americans understand how the gift tax works in U. [Read More]

  • Top Things That A Business Accounting Service Can Help With

    If you run your own business but do not work with a business accounting service, then chances are good that you are making a mistake. After all, there are all sorts of things that a business accounting service can help you with. All you have to do is find a good business accounting service so that you can get help with the things below and more. Handling Payroll If you have one or more employees working for your business, then you have to worry about handling payroll in the right way. [Read More]

  • Quickbooks Can Save Your Small Business Money

    The size of a business does not matter — proper accounting management is an essential element of a business. As a small business, however, the task of staying on top of your accounting needs can sometimes be a challenge, as there is a lot to learn. QuickBooks service can help with the process, and help you avoid a potentially costly mistake as you navigate your expanding business.  Streamlined Invoicing It is highly likely that your business sends out invoices to receive payment, but there are a couple of issues that can cause problems. [Read More]

  • How To Keep Business Running With A Cash Flow Projection

    Do you forecast your cash flow needs? Most small businesses struggle with cash flow — not just earning enough in the long term to make a profit, but actually having enough cash on hand to pay bills as they arrive. If you find yourself in this situation on a regular basis, a cash flow projection can help. Here's how you and your bookkeeper can create one.   1. Enter Invoices Early [Read More]

  • Self-Employed? 5 Times to Independently Review Income Tax Returns

    When you are self-employed, you juggle many different tasks. Income tax filings are one of the many — but also often one of the least welcomed. So few people would want to revisit their income tax filings a second time. However, it can be a good idea in a few circumstances. What are some of these? And why? Here are five of the most important.  1. When You Lack Confidence in Your Accountant [Read More]

  • 5 Ways A Business Accountant Can Help Your Company Grow

    No matter what kind of business you run, it's important to keep your financial matters in order. Many businesses struggle with doing this, so they hire a business accountant to take over certain matters. This can free up time and allow them to focus on other business needs. If you're not currently using a business accountant, it may be time to think about hiring one. They can help you grow your company. [Read More]

  • 5 Tips To Make Tax Season Less Stressful

    No one likes paying tax or filing taxes, but it's something that needs to be done. You want to make sure that you always stay on top of your taxes so that you don't face expensive fines and get more and more in tax debt. There are some things that you can do to make tax season a lot easier and to feel less stress. Keep reading for some helpful tips that can make tax season less stressful: [Read More]

  • 5 Indicators That You Have a High-Quality Business Accountant

    When you hire an accountant for your business, you need to be able to trust and have confidence in them. Because most business owners aren't accounting experts, they rely on indicators to have that confidence. What are some things to look for that indicate you have a quality accountant? Here are a few.  1. They Communicate Well. Can your accountant translate accounting concepts into something you can understand? Are they happy to explain anything going on in your books? [Read More]

  • 5 Steps To Make Your Small Business Accounting Office Remote

    Today's small businesses are increasingly doing what many larger companies have already chosen: moving their administrative work to remote work. Remote work is safer for many employees, can boost morale, and is generally a cost-saver for the business. If you think that your bookkeeping work might be better off as a remote department, how can you plan your transition? Here are five important steps to get your office out of the office. [Read More]

  • 4 Ways A Financial Consulting Service Can Assist You

    As you age, your finances start to become more and more complex. If you feel like your finances have gotten to the point where you need a little assistance, you should set-up an appointment with a financial consulting service. A financial consulting service can help you figure out how to manage and grow your money in a smart manner. Way #1: College Savings If you have children, you are going to want to plan not just for their present, but for their future as well. [Read More]