Doing your own business accounting can be overwhelming and time-consuming, so you might be considering the option of dictating the task to someone else. There are two choices available: hire an accountant as an employee, or outsource your finances to… Read More
Archive for the ‘Blog’ Category
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Yearly Accounting Tasks for Small Business Owners
There are a lot of accounting tasks to think about when you’re a small business owner, and the yearly accounting tasks are some of the most important. Annual reports come in to give you an overhead view of your business… Read More
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Quarterly Accounting Tasks for Small Business Owners
The main quarterly accounting tasks for small business owners are related to taxes. State, federal, and local bureaus require some quarterly tax information to keep track of your business and collect on taxes you may owe. This can be a… Read More
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Monthly Accounting Tasks for Small Business Owners
We’ve discussed daily and weekly accounting tasks for small business owners before, and now it’s time to talk about monthly accounting tasks that small business owners need to stay on top of. Regularly managing your bookkeeping and accounting will help… Read More
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Weekly Accounting Tasks for Small Business Owners
Last week’s post laid out a few accounting tasks businesses should manage daily. This week’s post will go over several weekly accounting tasks small businesses should stay on top of. Maintaining a schedule with your business accounting will keep your… Read More
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What You Need to Know About Health Savings Accounts
Health Savings Accounts, or HSAs, have increased in number–in 2016, 72% of large employers provided them. There are several reasons for this, not the least of which is that it works with insurances with high deductibles. The point of an… Read More
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3 Red Flags the IRS is Looking for in Your Audit
The IRS usually conducts audits through a random statistical formula, meaning that you should always be ready to be evaluated. If you’re managing your finances correctly and efficiently, you have nothing to worry about; the IRS will contact you by… Read More
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All You Need to Know About Your 401-K
Retirement is a looming prospect for many employees, which is why so many employers provide the option to invest in a 401-K plan. In 2013, there were 88.7 million Americans investing in a 401-K plan; in some cases, you could… Read More
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Should I Form an LLC or a Coorporation?
Starting your own business can be a daunting task. And one of the first decisions you’ll have to make is deciding whether or not you should form an LLC or a corporation. When you incorporate or become an LLC, you… Read More
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Should You Count by Mileage or Actual Vehicle Expenses?
What’s the best way to claim your business auto expenses on your tax return? It depends. The first year you put the vehicle in service, you have a choice between two methods. You can use the actual expenses method or… Read More