1-800Accountant Blog


Electric Vehicle Tax Credit Explained

With high gas prices and new car offers every year, there’s never been a better time to explore electric vehicles. The newly updated EV tax credit provides an added incentive, making it more affordable than ever to make the switch.  A federal electric vehicle tax credit is not a totally new innovation, but it has […]


6 Easy Bookkeeping Tips for Entrepreneurs

As backward as it sounds – it takes money to make money. Starting a business and keeping it running means keeping a healthy flow of money into and out of your business. You can’t be afraid to spend money and invest in the future, but you don’t want to spend too much money you don’t […]


Which Business Entity Is Right For You?

Have you been dreaming about starting your own business? That’s wonderful! Becoming an entrepreneur can be an exciting and fulfilling journey. But where do you start? There is a lot to think about when establishing your new business.  One of the first steps for many business owners is setting up their business entity. What is […]


5 Tips to Make Payroll More Efficient

When it comes to running a small business, there’s one crucial aspect that you need to figure out — especially if you have employees. After all, payroll determines how you and your staff get paid! There are tips you can implement to make payroll more efficient. There are also strategies you can use to streamline […]


What Can Audit Defense Do for You and Your Business?

The IRS audits small businesses every tax year for different reasons. The audit process is simple for some companies, but other audits can be a lot more serious and thorough. Business audits can vary in depth and severity, so you’ll want to know how you can best prepare yourself. You have the right to know […]


What Is IRS One-Time Forgiveness?

Did you get hit with some unexpected IRS tax penalties? If you’re in a financial bind and you meet specific criteria, the IRS has options to help you. One-time forgiveness allows certain taxpayers to explain how they may have made errors in their tax filing that resulted in penalties and fees and receive forgiveness.  The […]


6 Things Freelancers Should Do Before the End of 2021

The end of the year is a crucial time for organizing your finances and assessing the state of your work. Despite the holiday rush, December is the perfect time for reflection on the past year and planning for the year to come. On top of the regular planning, reviewing, and other things freelancers should do, there […]


Crash Course: Bookkeeping for Freelancers

Employees can essentially trust their employers to handle much of the regular work of bookkeeping for them. Their employer keeps track of their income, withholds wages to pay taxes, and then sends regular reports on all of that.  Freelancers, on the other hand, are on their own. That’s why bookkeeping for freelancers is critical, even […]