The New 1099-Ks Are Coming: Are You Ready?
2021 was a huge year for multiple reasons. However, it was incredibly important for entrepreneurs and small businesses, primarily because of the passing of the American Rescue Plan…
GAAP: A Comprehensive Guide
If you’re a small business owner or entrepreneur, you’ve probably heard of GAAP, the Generally Accepted Accounting Principles. This set of accounting principles provides standard rules and…
Comparing Accounting Methods For Small Businesses
If you’re like most small business owners, you probably haven’t put much thought into accounting methods. You may or may not even be aware that you have…
21 Expenses Related to Running a Small Business
Making sales and bringing in money is among the most enjoyable parts of running a small business. Revenue is a proof of concept for your business idea….
Top 12 Tax Scams to Avoid Even After Tax Season
You may think there is nothing to fret about now that the tax season is over. Newsflash: Fraudsters are always plotting ways to trap taxpayers in tax…
Can Good Bookkeeping Help You Manage Debt?
Maintaining accurate financial records is crucial to the smooth operation of any small business. Bookkeeping entails maintaining precise and accurate records of all assets, liabilities, income, and…
Why Do Entrepreneurs Need Accounting Services?
Ask any successful entrepreneur what the most challenging part of running a business is, and they will more than likely mention accounting as one of their biggest…
13 Ways Small Businesses Can Lower Their Tax Liability
All business owners want a thriving business that grows consistently and offers steady profits. Tax preparedness is key to this. Businesses are required to pay taxes on…