Bookkeeping Business Secrets for Goal-Setting Success

Goal setting is crucial to the success of any business, but is particularly important for entrepreneurs in the bookkeeping service business who can become distracted with multiple priorities. Goal setting allows us to be proactive, instead of just being reactive. We’ve all had days where we leap... 

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Safeguarding Tax and Financial Records

The IRS recently published a newswire urging people to safeguard their records. IRS Acting Commissioner, Kevin M. Brown stated, “With forecasts calling for an active Atlantic hurricane season, the IRS encourages taxpayers to protect tax and financial documents that can be hard to replace.”... 

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Ten Commonly Missed Tax Deductions For Businesses

There is nothing worse than preparing Income Taxes and finding that there were many deductions we didn’t keep track of. Not keeping track of deductions can be very costly come tax time. It is very important to keep good records all year round. For every dollar you don’t deduct, you could... 

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The Difference of Getting Paid With a 1099 Verses a W-2

Whenever a business starts there is always the question of how the people that provide services for the business will be paid. Will those services be performed by employees or will independent contractors be used? Before the business can determine how to treat payments they need to know and make clear... 

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Track Transactions With Accounting Code Guide Basics

If you plan on starting a business, a basic knowledge of the accounting code guide is necessary in order to keep track of your transactions. Even if you are not a bookkeeper and you decide to hire a professional, the basic accounting knowledge is always a plus in the success of your business. Accounting... 

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The Facts About Medical Billing Companies

The service offered by these companies serves as the key for a doctor, or any healthcare provider for that matter, to get paid. The healthcare industry in America is alive and well, but in spite of this, many doctors and other healthcare providers dont have any idea how to get themselves paid quickly... 

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Your Home Business Tax Deductions

If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed, just as there are a few drawbacks to any major decision you do in your life. Being an entrepreneur and self employed often means that you lose some workplace benefits, such as group insurance,... 

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Computerized Bookkeeping Is Fast, Simple, and Flexible

Every business needs to keep good records to ensure bills are paid, obligations are met and checkbook balances match up. Whether it’s a home-based business, a Fortune 500 company or even the business of running a household, well-kept books can really help guide a “business” in the right... 

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Michael Jackson’s Fiscal Disaster

When you live in Never Never Land, aren’t things supposed to be fun? According to Michael Jackson’s latest financial woes the answer is no. Earning large amounts of money since he was five, how can Michael Jackson have a fiscal fiasco? It boils down to spending versus watching the bottom... 

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Understanding Account Reconciliation

When you confirm that the balance in your checkbook is in sync with your corresponding bank statement, it is known as account reconciliation. Any record that you keep regarding your financial transactions with banks, credit card companies, or retail stores is known as an account. It is an arrangement... 

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