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. It shows that people are interested enough to pay you for what you’re selling! But running a sustainable small...
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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 scams. While it is true that their lucrative schemes are at their peak during filing season, that doesn't mean they...
What Remote Quality Bookkeeping Has To Offer
When you hire an online bookkeeping service, you want them to provide you with specific services. Some may group all of their services together and charge you a large sum even if you do not need some of the services they provide. With Remote Quality Bookkeeping, you...
Benefits To Outsourcing Bookkeeping
It’s a busy world out there. Our days are filled with chores and errands and kids and family. If you are a business owner, your days are even more busy. You are constantly worrying if everything is done that needs to be done. With Remote Quality Bookkeeping, you can...
What Is a Chart of Accounts, And Why Does it Matter?
Running a business is no easy feat. You must juggle the demands of your customers along with keeping your records in check. Although most business owners don’t enjoy diving into spreadsheets and number crunching, keeping track of all the money that goes in and out is...
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 expenditures through a solid chart of accounts. However, many small...
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 challenges. Business bookkeeping is much more complicated than simply balancing the checkbook each month...
Will Your Tax Bracket Change in 2023?
Due to record-high inflation rates, Americans have watched prices soar over the past two years. Unfortunately, these same increases haven’t come in the form of raises or other income increases, which has left many people in severe financial hardship. Although many of...
Accounting Basics for Freelancers and Self-Employed Individuals
Being a freelancer allows you to work on projects that interest you at your own pace. Freelancers can pick work from several clients across many time zones and in different areas of expertise. This freedom, however, comes at a price. Freelancers and self-employed...
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 their profits but there are ways to reduce their tax liability so that more funds are available to...
How to Determine Payroll Taxes
Payroll is the compensation you owe your employees for their work in your business. Payroll is calculated based on the gross pay minus all taxes and deductions that must be paid. One of the many duties an employer has is calculating payroll taxes for their employees...
How to Become Your Tax Preparer’s New Best Client
Many small business owners undervalue the importance of a tax expert, but your business can work much better with the help of a tax preparer. A tax preparer gives you peace of mind to work on what matters. You also have the certainty that your taxes are in order and...