1-800Accountant Blog

accounting-services

What Are Accounting Services?

Running a business involves a lot of accounting. It’s an essential part of business operations. You do it every day, even if you’re not aware of it. Every time you record a transaction, prepare tax paperwork, or plan an expense, accounting is involved. You have to do some degree of accounting to run a business, […]

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8 End of Year Accounting Tips 2020

While most people don’t think of tax season as an exciting time to look forward to, it doesn’t have to be something you dread either. As with most things, you’ll be okay if you prepare ahead of time and know what you’re getting into.  And while tax season itself and the deadlines it carries with […]

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Bookkeeping 101: A Crash Course in Record Keeping for Small Businesses

Bookkeeping often confuses many business owners. It is not typically associated with the idea of business operation. However, bookkeeping, recordkeeping, and their intricacies can yield significant benefits for small business owners. Here is what you should know about bookkeeping and recordkeeping, and why you may consider implementing both into your small business. What Is Bookkeeping? […]

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5 Great Things to Know About Rental Income and Taxes

Property management can be a lucrative industry for landlords. It is a fast-paced industry with many moving parts, such as interviewing potential tenants, managing current tenants, and maintaining property quality. Income tax and deductions for rental properties may not be the first thing on a landlord’s mind, but there are tax benefits that may be […]

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Business Entity: What Is An S-Corp?

An important choice that all business owners make is how to classify their business. There are a number of different business entities to choose from, such as Limited Liability Companies (LLCs), Sole Proprietorships, and S-Corporations.  S-Corporations are a flexible option for an individual or shareholders to create a corporation. Its structure allows shareholders to avoid […]

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4 Things to Know About Claiming the Self-Employment Health Insurance Tax Deduction

If you own a small business or you’re otherwise self-employed, you have to take responsibility for yourself in many different ways. No one else is going to withhold taxes from your salary, so you have to make estimated tax payments for yourself. No company is going to put you on their group health insurance plan, […]