Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
how-much-does-a-bookkeeper-cost

How Much Does A Bookkeeper Cost?

Of all the financial tasks small business owners must address, bookkeeping might be one of the most consequential and time-consuming. Do your books right, and you’ll gain important insights into your finances that will help you make critical, time-sensitive business decisions. Do them wrong, and it might hinder your ability to compete in the marketplace […]

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Buying Out a Partner in a Small Business

Business partnerships always begin with good intentions. Two friends, two family members, or two co-workers have a great business idea, each person brings something valuable to the table, and “Voilà!” You have yourself a business that will hopefully last a lifetime! With partnerships, though, there will come a point in time when one of the […]

r-d-tax-credit-everything-to-know

R&D Tax Credit: Everything Business Owners Need to Know

The government encourages private-sector innovation by offering incentives, such as the federal research and development (R&D) tax credit, to businesses that invest in qualified research activities. While this credit used to be aimed at corporations with seemingly endless budgets, that is no longer the case. Now, this credit is available to medium and small businesses […]

1120-tax-form

What Is Tax Form 1120 and How to File It

If your business is formed as a C corporation, you need to know the ins and outs of Form 1120. In this blog, we’ll detail what Form 1120 is used for, when and how to file, the required documentation, and a page-by-page taxpayer guide. This information will help make preparing and filing your Form 1120 […]

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Tax Season Strategies: Self-Employed vs. Small Business Owners

The business status of “self-employed” and “small business ownership” are sometimes used interchangeably and usually indicate you’re your own boss. While certain aspects, such as business model or eligible tax deductions, intersect, they are separate types of entities from a tax standpoint. Use this blog to determine what each status indicates and their tax implications […]

small-business-tax-credits

Small Business Tax Credits: How to Take Advantage of Available Incentives

When you started your business, you probably weren’t thinking about full-time employees, tax bills and tax brackets, business expenses, or working with CPA tax professionals during tax season. Tax credits weren’t on your mind, either, which is understandable. But now that you’re up and running, it’s important to learn which credits your business is eligible […]

how-to-hire-a-bookkeeper

How to Hire a Bookkeeper for Your Business – What to Look For and Questions You Should Ask

Great bookkeeping plays a critical role in the success of every business. But not all bookkeepers are the same. Inaccuracies caused by poor bookkeeping can have serious tax ramifications and put you at a disadvantage by not having the data you need to make important business decisions. When looking for a bookkeeper for your business, […]

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Top Common Payroll Mistakes

Good employees are a critical asset for any business. That’s why it’s important to embrace a payroll process that pays them consistently and accurately while avoiding errors. Payroll mistakes are stressful for employees and can cause disruptions during tax season. Whether you’re considering hiring your first employee or already employing one, this blog will guide […]