On the first day of Christmas, My true love sent to me A pencil and my profit margin.On the second day of Christmas, My true love sent to me Two tax returns, And a pencil and my profit margin.On the third day of Christmas, My...
With the close of 2012 rapidly approaching so are the sunset dates on more than a few tax programs. Payroll tax, estate tax, alternative minimum tax as well as some Bush era tax programs are all set to expire December 31. In addition to the...
Audit Horror Story...
A must read even if you already have a bookkeeper! The number of years someone has been doing something, if they have been doing it wrong, it not a real indicator of their level of skill. If the potential bookkeeper is not certified have them take...
From The Association of Independent Bookkeepers:Bookkeeping v. Accounting:Accounting includes the recording, compiling, record keeping and analysis of all financial transactions and events, including presentation of the financial statements (income statement, balance sheet and statement of cash flows).Bookkeeping focuses on the recording, compiling and record-keeping of financial transactions and events; it does not...
Cash Flow is king when it comes to running a business. You can gross millions but if you don't collect it for months and your bills are due in days you are in serious trouble. So how do you predict if you are going to...
Millions of American businesses accept credit cards. Should you? As always the answer is it depends. The better answer is it depends on if it improves your business in some way, shape or form. If you do decide to take credit cards as a form...
Adding a Paypal account to Quickbooks:Paypal when used for business to collect payment from customers, and possibly to pay vendors, operates just like a bank account and must be treated as such in your bookkeeping.To incorporate your paypal account into your bookkeeping:1. Be sure to set...
Review your tax planner document or list of required items from the person who prepares your taxes and gather ALL of the items. Not including requested items will hold up the preparation of your forms and delay your returns. Scan your tax related documents that you...
Making more cash by doing every thing you are doing now and almost nothing more. Sounds far fetched doesn't it? Well it isn't really. If you are in an business that is driven by billable hours this could be entirely true.Time after time I encounter...