Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
report-etsy-income

How to Report Etsy Income to the IRS

If you’ve been building a side hustle as an Etsy seller, and you’re wondering, “do I have to report Etsy income on my taxes?” you’ve come to the right place. Etsy is home to many artists and craftspeople selling their goods online – but you need to remember to report Etsy income when it’s time […]

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Year-End Accounting Checklist for Small Business Owners

While most people don’t think of tax season as an exciting time to look forward to, it doesn’t have to be something you dread. You’ll be okay if you know what you’re getting into and prepare. And there’s no better time to prepare than right now, especially as we start approaching the end of the […]

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Top 7 E-commerce Tax Deductions in 2022

Special tax deductions are available to proprietors of e-commerce businesses. Take advantage of the following e-commerce tax deductions to maximize your tax savings. Tax season is quickly approaching, so now is the time to get your records in order! What is a tax deduction for e-commerce businesses? Tax deductions for online businesses are similar to […]

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5 Great Things to Know About Rental Income and Taxes

Property management can be a lucrative industry for landlords. It is a fast-paced industry with many moving parts, such as interviewing potential tenants, managing current tenants, and maintaining property quality. Income tax and deductions for rental properties may not be top of mind, but there are certain things about rental income and taxes every landlord […]

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Business Entity: What Is an LLC?

What is an LLC? Is an LLC a business entity? A Limited Liability Company can be a great way to grow a small business. It offers limited liability, something that can be helpful to its members. While this type of business organization can offer a lot of benefits, like limited liability protection, there are some […]

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8 Commonly Missed Freelancer Tax Deductions

If you’re a freelancer, you’re used to doing everything yourself. While clients can be a challenge at times, you run your work by yourself and never have to rely on anyone else.  Of course, doing everything by yourself can become a problem when tax season comes around, and you have to work on your return. […]

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Bookkeeping 101: 35 Common Bookkeeping Terms

Bookkeeping has several benefits for small business owners. It can help you track your company’s profits or losses, and it can also help you remain organized. Thorough bookkeeping comes in handy if the IRS audits your company. If you are interested in bookkeeping, you’ll need to first know why it is important, and you’ll need […]

dba

What is a DBA Title or Doing Business As?

What’s in a name? The names you use for your business can communicate so much about who you are and what you do, and customers can use your name to share with others and spread the word.  Choosing a name for your business is a relatively straightforward decision, but it can have a significant impact […]

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Filing a Tax Extension in 2022

With tax season already here, many taxpayers have begun the tedious process of filing taxes. The deadline for filing taxes is only a few weeks away, but you have options available by filing a tax extension. It’s possible to file for tax extensions to give you more time to file taxes.  You can file for […]

small-business-bookkeeping-basics

5 Small Business Bookkeeping Basics You Can’t Ignore

Bookkeeping is an essential part of small business operations. It plays a significant role in keeping your small business finances organized and is especially helpful come tax time.  Bookkeeping has benefits for beginners, but learning the basics of bookkeeping may help you save time and money. Here are the basics of bookkeeping for beginners, which […]