Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
inflation-reduction-act

Inflation Reduction Act: Supersized IRS May Lead to Headaches for Small Business Owners

What Is the Inflation Reduction Act?  After another round of intense negotiations, Congress passed an ambitious $739 billion spending bill to address numerous issues within health care, taxes, and climate. The Inflation Reduction Act represents a major victory for President Biden’s administration.  The Senate passed the Inflation Reduction Act through the budget reconciliation process, requiring […]

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GoDaddy Bookkeeping Support Shuts Down, eBay Sellers Left Scrambling

Online Sellers Have Less Than 30 Days to Find a Bookkeeping Alternative GoDaddy bookkeeping clients recently received a surprising notice from the web hosting company: GoDaddy will permanently retire its online bookkeeping software. The news comes as quite a shock, especially to eBay sellers and other e-commerce business owners who have long depended on the […]

home-office-deduction-risks

Home Office Deduction: What Are the Risks?

If you meet the requirements to take a home office deduction, it might seem like a no-brainer to take it, right? Not so fast. While this deduction can certainly provide a lot of value to your bottom line come tax time, it’s not always in your best interest. There are many variables that you need […]

irs-backlog-refund-delays

IRS Backlog May Lead to Major Delays – Here’s What to Know

If you’re still in waiting in the IRS backlog for them to process your tax return from last year, you’re not alone. Tens of millions of Americans are still waiting on their returns — some folks have been waiting for nearly a year!  Delayed processing means delayed refunds, which can cause a lot of headaches […]