Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Q2 Estimated Tax Payment Deadline Approaching

We’re coming up to the end of the second financial quarter of the year! For most employees, tax season is over, but you’ve got other responsibilities if you’re a small business owner or otherwise self-employed.  If you’re self-employed, it’s up to you to turn in estimated income tax payments every quarter. However, small businesses should […]


Types of Financial Statements for Small Businesses

Financial statements serve several purposes for small businesses. While there is more than one financial statement, you may not know which is most appropriate to use for your specific financial calculation. There are also a few limitations to be aware of as well. Here’s an overview of financial statements and the types of financial statements […]


10 Common Tax Deductions For Freelancers

Working as a freelancer brings both extra opportunities and extra challenges. It’s appealing for many because you can be independent. You’re a small business owner with the freedom to decide what to do on your own. You don’t have to worry about any other shareholders or employees.  For most freelancers being your own boss and […]


Disaster Relief Options for Sole Proprietors With No Employees

The economic impacts of the COVID-19 pandemic continue to affect small businesses across the country. While the CARES Act helped revitalize local economies in nearly every state, there is an overwhelming demand for even more grants and loans for small business owners.  Loans such as the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection […]


Is Your State Income Tax Filing Deadline July 15th?

As the crisis around the novel coronavirus upturns everyday life across the United States, the federal government has responded. In addition to the ongoing stream of economic relief packages like the CARES Act, IRS is delaying the regular April 15th income tax deadline for another three months.  The filing and payment deadline has been extended […]


Started a Small Business? Now What?

Congratulations! You’ve started your business! After that burst of excitement and glee comes all the considerations; you might be worrying about your responsibilities, taxes, government compliance and reporting deadlines. Here’s a quick start guide to help you work through these elements. First, celebrate that you’ve started something you’ve been considering and bringing it into reality! […]