You might be able to start a business with nothing but a good idea and the determination to see it through. Keeping a business running, however, requires a little more in the way of planning and coordination. Maintaining the health of a business and creating sustainable growth requires careful financial management. You have to spend […]
Being a small business owner is an immense and multifaceted job. Running a business involves so many different important and interconnected variables, and you’re responsible for all of them. Accountants can lighten your load by taking responsibility for a few of those variables. But what can an accountant do to support you and your business? […]
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, […]
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 […]
At times, it can be tough to keep up with the clock’s fast-moving hands and the constantly turning pages of a calendar. Things may be moving so fast in your life and business that you are caught totally unprepared when tax season comes around. The truth is that tax preparation is a year-long endeavor. Careful […]
Starting a small business can provide you with a wealth of opportunities. Even though accounting and bookkeeping may seem similar, there are notable differences between the two. Here is how accounting and bookkeeping can help you as you start your small business. Why Is Accounting Important for Small Businesses? Accounting is essential 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? […]
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 […]
UPDATE – Saturday, April 25th, 2020 After several weeks of intense debate, the newest coronavirus bill – the 4th one to pass to date – passed both the Senate and House in landslide votes. The new bill provides $484 billion of additional funding to support businesses and essential services that are quickly running out of […]
Understanding your tax liability as a small business and ensuring you file everything properly and on time can be a headache. If you’ve just recently started a small business in the last year, you might not be totally ready for the complications involved. Tax law is complex, and the IRS puts a lot of restrictions […]
