Top Advantages Of Accrual Basis Accounting Method


You want an accounting team that can meet all your needs by providing a wide range of accounting services, from audit to tax preparation. More than anything, you want to be sure it is all getting done right.  Selecting and implementing the right accounting method is one way to do so. The accrual basis accounting method is a great tool, with the following advantages. 1. Provides a Real-Time View of Finances

2 September 2021

4 Things to Consider When Choosing Accounting Software for Your Small Business


If you are a small business owner looking to grow your new business, you're likely already familiar with all the challenges involved. One of the biggest challenges many small business owners face is accounting, especially for those without extensive prior experience. Fortunately, accounting software can make things much easier. QuickBooks, for example, is an accounting software suite designed primarily for those who aren't yet experts in the field of finance. Take a look below at just a few of the most important things to consider when you're deciding on which accounting software will help keep things running smoothly.

26 July 2021

Is Tax Planning Important?


Tax planning is something that everyone should be doing, not just those who are rich.  What Is Tax Planning? Tax planning is reviewing and crunching numbers to lower the amount you owe during tax season by doing what you can to decrease the amount of taxable income you make. This may involve having to restructure all your finances and where your money is going. According to the IRS, it is legal to try to decrease the amount of money you owe to taxes each year.

28 May 2021

The Benefits of Completing Quickbooks Training for Your Business


As a business owner, you rely on books to be accurate and up-to-date. However, you may not actually have the time to figure them out on your own. You may need to spend more time taking care of customers and supervising your employees. Instead of allowing your book work to fall behind, you can download and use software that is designed to maintain small business's books. You can learn how to use it by completing Quickbooks training.

25 March 2021

New Small Business? 4 Accounting Tips For Success With Your Books


As a new small business owner, your life is probably pretty hectic. However, one area that you will want to ensure that you keep on top of is your books. You can choose to do these yourself or hire a professional certified public accountant to do them for you. If you decide to go the route of doing them yourself, it doesn't have to be as hard as you may think.

15 January 2021

Retiring? How Your Income Taxes Will And Won't Change


As you approach retirement, you know that many things about your life and finances will change. But what exactly those changes will or won't look like is often still a mystery. One of these often-confusing areas is income taxes. What will change about your tax obligation? And what can you expect to stay the same? Here are a few key things to know. How Taxes Stay the Same for Retirees

6 October 2020

The Most Expensive Small Business Accounting Mistakes


If you are a small business owner, chances are you've performed a lot of your own bookkeeping and business accounting services. A whopping 60% of small business owners feel they do not have enough financial knowledge. This can lead to stress and making unnecessary mistakes. Here are some of the most expensive accounting mistakes SBOs make and how you can avoid them. Procrastination The first mistake small business owners make is procrastination. Entrepreneurs wear many hats.

30 June 2020