Accounting, Bookkeeping, & Tax Blog

A non-profit’s mission is to further a public good that benefits society. Investors and private citizens make charitable donations to fund non-profit [...]

Shifting your small business from its current legal entity to a multi-member limited liability company, commonly called an LLC, can be a transformative ste [...]

You’re probably thinking to yourself, “Accounting is accounting, right? How many different types of accounting can there be?” Here’s a look at what account [...]

If you’re self-employed or own a small business, you already know getting paid isn’t as simple as collecting a bi-weekly paycheck.  Did you also know [...]

When it comes to business tax returns, it’s best to get it right the first time. But that’s not always possible, so the IRS allows you to updat [...]

Recording your business’s revenue and expenses is easy, right? When you sell something, you record revenue. When you buy something, you log it as an expens [...]

If you’ve ever wondered how far back the IRS can audit you, you’re not alone. Many small business owners are unfamiliar with the IRS audit statute of limit [...]

An accountant is an indispensable part of operating a small business. Accountants provide financial services to owners and entrepreneurs, including tax adv [...]

Filing taxes accurately and on time can be a daunting task, and it’s not uncommon for small businesses to miss a deadline. Whether due to procrastina [...]