New I-9 Form Released, Required After Jan. 22, 2017

Posted on 08. Dec, 2016 by in Services, Small Business Tips, Tax Updates, Website Resource

An article published by cpapracticeadvisor.com announces that the U.S. Citizenship and Immigration Services (USCIS) has published a revised version of Form I-9, Employment Eligibility Verification. [Download printable PDF version of the new I-9 Form.] By Jan. 22, 2017, employers must use only the new version, dated 11/14/2016. Until then, they can continue to use the version […]

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Preview of Some Key 2017 Tax Figures

Posted on 08. Nov, 2016 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates, Website Resource

While official numbers for 2017 are not yet released by the Internal Revenue Service (IRS), many key 2017 tax figures are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI figures, a number of sources are projecting key figures for 2017. Tax Brackets: While the […]

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Recovering from Identity Theft

Posted on 03. Nov, 2016 by in Bookkeeping Articles, Services, Small Business Tips, Website Resource

There are now millions of victims of the identity theft epidemic. From stolen credit cards to fraudulently filed tax returns, a vast swath of the U.S. is trying to figure out how to repair the damage. To help, the Federal Trade Commission has created a nice tool to work through the recovery process. The site: […]

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Budgeting Made Simple for Entrepreneurs

Posted on 01. Nov, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Most of us came from the corporate world where working with budgets was an everyday occurrence. So now you are the one in charge and budgeting is the last thing on your mind for your business. Budgeting is just as important to the small business owner as it is to major corporations. It helps control […]

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What to Do With Your Social Security Statement

Posted on 18. Oct, 2016 by in Bookkeeping Articles, Services, Small Business Tips

The Social Security Administration is now doing a better job in sending out earnings reports by mailing paper statements to workers every five years beginning at age 25. The reports are also available online. These reports recap historic earnings and contain an estimate of potential benefits. When you receive your report, spend a few minutes […]

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Plenty to Gain with Tax Planning

Posted on 11. Oct, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Consider conducting a tax planning exercise now to see if you can take actions to minimize your taxes. Here are some ideas to get you started. Assess your income. Begin by determining how your income this year will compare to last year’s income. Then apply any tax implications this income change may cause. If your […]

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B-Corps; What are They?

Posted on 04. Oct, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Kickstarter, a popular crowdsource company that helps new inventors raise money to fund their creative projects, recently announced they are becoming a Benefit Corporation. While many of us may not know what this means, the move by Kickstarter is becoming more popular. Here is what you need to know. Benefit Corporation defined Per benefitcorp.net: A […]

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Cool Tech Tools: Automate Your To-Do List

Posted on 29. Sep, 2016 by in Bookkeeping Articles, My Favorite Things, Services, Small Business Tips, Uncategorized, Website Resource

Keeping a to-do list is a great way to be productive, avoid having things fall through the crack, and unclutter your brain.  How you maintain your to-do list varies: some people use pen and paper because they love the feeling of crossing tasks off, others use Excel or Google documents.  Still, others might try Evernote. […]

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What’s Your DSO (Days Sales Outstanding)?

Posted on 27. Sep, 2016 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

If you grant credit to customers, then you have a balance in accounts receivable.  DSO stands for Days Sales Outstanding, and this helps you measure how fast your receivables are converting to cash. Here’s how to calculate it:  DSO = Accounts receivable balance / Annual net credit sales * 365.  DSO is measured in days […]

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5 Metrics to Gauge Your Business Performance

Posted on 22. Sep, 2016 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

Sometimes, the most telling numbers in your business are not necessarily in the monthly reports.  Although the foundation of your finances revolves around the balance sheet and income statement, there are a few numbers that, when known and tracked, can make a significant impact on your business decision-making.  Here are five: 1) Revenue per employee […]

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