Accounting, Bookkeeping & Tax Blog

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

Accounting for Startups: A Guide to Accurate Finances

Accounting for startups is a crucial piece of starting a new business that entrepreneurs should pay extra attention to. Proper accounting allows your startup to stay compliant with taxes, manage expenses and revenue, better understand financial health, and plan for future expansion. Startups have different accounting needs in comparison to established businesses. Continue reading this […]

manage-small-business-finances

19 Tips for Managing Your Small Business Finances

At any point in the management of your small business, your small business’s finances will be central to its success. As your business grows and develops, it can become more challenging to pinpoint where to focus your time to ensure your finances are running smoothly. Managing your small business’s finances may be stressful, but there […]

accounting-trends

Top Accounting Trends For 2023

It’s impossible to predict the future with complete accuracy. However, it’s still important to stay aware of rising business and accounting trends; doing so can put your business on the path to achieving its goals.  2023 is well underway, and today’s business environment is rapidly evolving with new technologies, risks, and customer demands. While pandemic-related […]

main-goal-gaap

What Is the Main Goal of GAAP?

Generally Accepted Accounting Principles (GAAP) measure the financial health of public companies. There are standards within GAAP that provide other accountants with information. The main purpose of GAAP is to ensure that financial reporting is transparent, consistent, and comparable across organizations.  What Is GAAP? GAAP refers to a set of accounting principles, procedures, and standards […]

9-accounting-best-practices-truckers

Accounting for Truckers: 9 Must-Know Best Practices

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 […]

accounting-for-medical-practices

Accounting for Medical Practices: Everything You Need to Know

Healthcare industry accounting is more complex and time-consuming than accounting for a typical small business, which has its own complexities. Not only will your practice need to account for patient payments, but you might also regularly battle insurance companies, Medicare, and Medicaid to secure your fees. Whether you’ve just launched your medical practice or have […]

reduce-business-debt

How to Get Out of Business Debt in 5 Steps

The concept of debt is so ingrained in our culture that most people accept it as a necessary part of life. Many individuals accumulate personal debt, including credit cards, student loans, car payments, and mortgages. Another type of debt that may affect small business owners at one point or another is business debt.  Businesses in […]

basic-accounting-partnership

Partnership Accounting: What Business Owners Need to Know

The basics of accounting for a partnership business are similar to accounting for a sole proprietor. However, there are some key differences that are worth knowing when it comes to crunching the numbers.  A partnership differs from a sole proprietor in that a partnership is a collection of multiple sole proprietors. For multiple sole proprietors […]

cpa-vs-tax-preparer

CPA vs. Tax Preparer: Which Is Best for Your Business?

As a small business owner, you always want to do what’s best for your business. This includes making the perfect hires, selecting the right vendors, and choosing the best person to do your taxes. But which is best for your business, a CPA or a tax preparer? Use this blog as your guide to understanding […]