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? […]

5-great-things-know-rental-income-taxes

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 […]

9-accounting-best-practices-truckers

9 Accounting Best Practices for Truckers

Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]

different-types-accounting

What Are the Different Types of Accounting?

If you ask small business owners to identify the different accounting types, they’ll more than likely name the two accounting methods they use to operate their business: cash or accrual accounting.  They might not realize that these are just the primary accounting methods in one broader type of accounting – management accounting. There are numerous […]

bookkeeping-vs-accounting

What’s the Difference Between Bookkeeping and Accounting?

When it comes to maintaining financial records for a business, ensuring your data is complete and accurate is essential. Accounting and bookkeeping are two important processes that small business owners utilize to ensure their financial information is correct. The line between bookkeeping and accounting becomes blurrier each year that passes. Both bookkeepers and accountants work […]