Have Your Layer Cake and Eat It Too

Posted on 30. May, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Uncategorized

The best cakes have layers and layers of different delicious flavors to enjoy. Stacked on top of one another, each layer is baked separately and becomes part of the whole. Like a layer cake, your business expenses have layers of meaning to them. When you can understand how expenses play a part in profit, you […]

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Five Steps to Getting a Loan

Posted on 16. May, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Most small businesses need help with cash during certain stages of their growth.  If you find that you have more plans than cash to do them with, then it might be time for a loan.  Here are five steps you can take to make the loan process go smoother.  1. Make a plan.  Questions like […]

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Five Smart Uses for Your Tax Refund

Posted on 12. May, 2016 by in Bookkeeping Articles, My Favorite Things, Services, Small Business Tips, Tax Updates

So you were fortunate enough to receive a tax refund this year. What are your plans for the money? Here are five ideas worth considering. 1. Pay down debt. Start with debts that carry the highest interest rates first, then move down the line. This is like savings on savings as you are freeing up […]

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Creative Ideas to Save Money

Posted on 02. May, 2016 by in Bookkeeping Articles, Small Business Tips

If you are like most of America, finding ways to save more and spend less is a challenging task. Sometimes all it takes is a creative solution to change your behavior. Here are some creative ideas to save money. Turn yourself into a vendor. Each month when paying your bills, present yourself a savings invoice. Then when […]

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Non-profit Annual Filing Due

Posted on 30. Apr, 2016 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

Annual reporting is required for all organizations that wish to keep their non-profit status intact. The non-profit annual filing due date is May 16, 2016 for calendar year organizations. How can you help ensure your favorite charities stay compliant? Check on-line. The IRS has a master list of charitable organizations recognized as non-profits in good […]

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Change a Little… Save a Lot

Posted on 12. Apr, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Changing your financial situation can seem to be an overwhelming task. Like most large problems, the best way to address them is to break them down into smaller, more manageable problems. The same holds true with your financial well being. Here are five small ideas that can yield big results to help improve your financial […]

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A Dozen IRS Not so Fine Penalties

Posted on 21. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

Over the past few years the IRS has made the use of penalties and fines a more prevalent tool to encourage compliance among taxpayers. This “stick” approach is in direct contrast to the “voluntary” philosophy built within our tax system. Here are a dozen of the more common penalties and fees. S-Corporation and Partnership late […]

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Twelve Common Missing Tax Return Items

Posted on 14. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

Want your tax return filed quickly and without error? Then double-check this handy list of items that are often overlooked. Review and signing your e-file approval. The sooner you review and approve your tax return, the sooner it can be filed. Having proof of health insurance. Most taxpayers should receive a Form 1095 that confirms you have […]

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A Dozen Financial Topics High School Students Should Know

Posted on 11. Mar, 2016 by in Bookkeeping Articles, QuickBooks

Often lost in the race to get kids through high school and on to life in the “real world” are basic financial skills that are simply not covered. Here are dozen financial concepts every high school student should know. How bank accounts work. Provide your student a basic understanding of checking accounts and savings accounts. […]

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Is an Extension a Good Idea?

Posted on 08. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

The clock is ticking down to the pending tax-filing deadline of April 15th. Here are some examples when filing an extension might make sense other than rushing to meet the filing deadline. Incorrect Form 1095-A. If you received health insurance through the new Healthcare (Marketplace) Exchange, you may have received an incorrect Form 1095-A recapping […]

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