Tag: accounting

February 22, 2024

Running a business is a challenge at the best of times, so it’s always worth making it as straightforward as possible for yourself. That’s where software comes in, as they’ll make performing vital tasks much easier. They’ll even take a […]

November 15, 2023

Navigating the financial landscape can be a challenge, especially if you’re setting up your first startup or running a small business. Among the many tasks that demand your attention, understanding and managing the accounting cycle stands out as critical and […]

July 26, 2023

It’s easy for the prospect of tax season to overwhelm small business owners. Do you have all the necessary documents? Are you capable of filing your own taxes, or can you afford to hire a tax professional? Do you have […]

July 14, 2023

If the thought of preparing your own business tax returns is daunting, you’re not alone. According to research information, there are thousands of tax returns defiled every year, and over half of them are prepared by certified public accountants (CPA’s). […]

April 10, 2023

For tax, accounting, and even budgeting purposes, it’s important to know the difference between a fiscal year vs calendar year. A fiscal year doesn’t always align with its calendar counterpart. For example, Microsoft corporation winds up its fiscal year at […]

March 21, 2023

The minimis safe harbor election allows small businesses to deduct expenses that might otherwise need to be capitalized. Think of the amounts paid for things like computers. Under the safe harbor election, you might be able to deduct the entire […]

February 22, 2023

Running a small business can be a daunting task, and having the right accounting software can make it much easier. Small business owners know the importance of choosing the right accounting software for their operations. That’s why we’ve compiled a […]

February 9, 2023

With the increased complexity of regulations, dedicating enough time to understanding online sales taxes can be challenging. Fortunately, we’ve compiled all of the necessary information into this ultimate guide so that you can have an easier time navigating the world […]

January 27, 2023

Knowing what you can deduct from your income and how that affects your taxes this year has never been more important. To help make understanding all of these different tax deductions easier for you, we’re here today with a complete […]

January 9, 2023

Imagine this. John Carter begins his job as the country club’s new finance and administration director by reconciling its payroll journal entries with employee payroll logbooks provided by its payroll processor. It takes him weeks and distracts him from other […]

January 3, 2023

The topic of taxes for most small business owners is their least favorite. It involves time and cost, both of which owners have in limited supply. Nonetheless, tax matters can’t be ignored. January 31, 2023, is an important date for […]

December 29, 2022

Every year, nonprofits must file a 990 series return to stay compliant with the IRS. If you have never filed a 990 series return, you may have a few questions about the form. This article tells you everything you need […]

December 14, 2022

Small businesses have to manage all sorts of accounting tasks ranging from managing their finances to inventory control. Between keeping track of a company’s bills, invoicing contractors and customers, reconciling bank statements, controlling spending, overseeing projects and staying on top […]

November 29, 2022

Financial management software offers tools for recording and calculating the inflows and outflows of your funds. Essentially, these programs are an alternative to traditional accounting documents. If a program is developed specifically for your company, it can be very useful. […]

November 22, 2022

The end of the year can be a time for small businesses to reflect on the previous 12 months and begin planning for a prosperous 12 more. This is a natural and important process, but can also become an incredibly […]

October 27, 2022

Time is the most important thing for a business. It’s the one resource we can never get back, and it often dictates whether we succeed or fail. That’s why efficiency is vital when it comes to business growth. Outsourcing has […]

September 23, 2022

Due to the rapid changes in technology and other industries, work and optimal productivity are no longer constrained in office spaces. Many companies have implemented hybrid and remote working styles since they’ve proven equal, if not more successful, outcomes in […]

July 22, 2022

There are a lot of things to think about when you’re running your own small business. From marketing and sales to accounting and HR, a lot goes into making your business a success. The following blog will outline the most […]

June 14, 2022

Managing finances is no walk in the park for the majority of small business owners. Luckily, there are a number of accounting software tools that can help. The best part? Many of these tools are available for free, which is […]

May 5, 2022

Seldom does a person use the words “accountant” and “innovation” in the same sentence. However, with the evolution of Web 3.0, accounting firms must adapt to the innovations coming with blockchain technology or risk getting left behind. What is Web […]