Category Archives: Bookkeeping

Many business owners fail to take advantage of these deductions simply because they are unaware that they exist. In this guide, we’re covering the money-saving tax deductions you can take advantage of in your cleaning business. Finding those tax-deductible expenses is the key to maximizing your profit, and scaling up your company sustainably. Adjusting entries […]

Many business owners fail to take advantage of these deductions simply because they are unaware that they exist. In this guide, we’re covering the money-saving tax deductions you can take advantage of in your cleaning business. Finding those tax-deductible expenses is the key to maximizing your profit, and scaling up your company sustainably. Adjusting entries […]

But if you need more help deciding, check out this QuickBooks Online vs. Self-Employed comparison chart. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. To learn more about filing your self-employment taxes, read this article. However, smaller business owners, sole proprietors, […]

If you’re looking for a good deal, check out the company’s website. They have plenty of special offers going on now and in the future! Right now they are offering two months free when you sign up with them – and some owners say once you get one discount, it’ll be there for life. If […]

For some items, consider having them sent directly from the supplier to the customer so you don’t have to keep them in stock. Try ordering products only close to when they’ll be sold to avoid having too much stock. Good relationships with suppliers might get you faster deliveries or discounts, which can help manage your […]

Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. A drawback of the account form is the difficulty in presenting an additional column of amounts on an 8.5″ by 11″ page. These operating cycles can include receivables, payables, and inventory. Shareholders’ equity will be straightforward […]

The adjustment under section 481 is equal to the difference between the recomputed LIFO value and the LIFO value of the pool determined under the taxpayer’s former method. The base-year cost of the items in a dollar-value pool at the end of a taxable year will be determined by dividing the IPI computed for the […]

Each 1% of the mortgage amount that home buyers pay on top of their down payment generally reduces their interest rate by 0.25%, though the exact amount will depend on the lender and the loan. Tax season — with its homeowner tax benefits — is one of the few times you may actually get some […]

To stay informed on what’s going on across your organization, you’ll need to get creative. If remote workers aren’t kept in the loop on how a project is progressing, it can lead to disconnection and frustration. As more companies opt into long-term remote work, it’s increasingly clear that corporate work environments will not be returning […]

Imagine a landlord casually mentions to someone else how much extra cash is being made by not reporting rental income to the IRS. Normal rent payments could include the regular monthly rent, late fees, and prorated rent if a tenant moves into a home in the middle of the month. Visit a business banker at […]