As Entrepreneurs it can be easy to get caught up with running your business and forget to checkin in on your business. So since we are still at the beginning of 2021, now is good time to make sure your business has what it needs! Here is a brief checklist to help keep your business on track: ✅ Make sure your accounting software has the features you need to help grow your business. Make sure that your current software is able to grow with your business providing tools, insigh

Understanding the health of your business, begins with your understanding of your transactions and how often that data is analyzed in your accounting system. Often times clients are reluctant to admit that they do not fully take advantage of their monthly financial reporting benefits, because they are more focused with their year-end gross profits and net income for taxes. But did you know that reconciling your books and reviewing your Profit + Loss statement on a monthly bas

Did you know the IRS created a new form to report 1099s? Beginning with the 2020 tax season, all non-employee compensation will need to be reported using form 1099-NEC. So for those of us who previously used box #7 on form 1099-MISC for reporting the independent contractors, vendors, S-Corps and LLCs who were paid over $600 in a calendar year. Form 1099-NEC is the new form to file. The 1099-MISC form will still be used to report other miscellaneous income. Listed below are a

Every tax season we hear from clients asking us what are some of the best tips to help them manage their business financials on a regular basis. And the answer is always, "follow the checklist"! With day to day business operations, answering calls, responding to emails and keeping up with social media; it is easy for the bookkeeping to start piling up. However with a detailed bookkeeping checklist those daily, weekly, monthly, quarterly and annual bookkeeping tasks become mo

Making bookkeeping a priority is not an option, it is a necessity! With day to day business operations, answering calls, responding to emails and keeping up with social media; it is easy for the bookkeeping to start piling up. So we have listed a few reasons to help encourage you to commit to monthly bookkeeping (You Got This!!!) ✅ To make informed financial decisions, you need to know how your business is actually performing, not how you want it to perform. ✅ To save money

Deciding whether Quickbooks Online is a perfect fit for you and your business, may be one of the best decisions you make for your business. Quickbooks Online offers cloud accounting software for individuals, the self-employed, small to midsize businesses, e-commerce businesses and non-profit organizations. With features such as income and expense tracking, receipt capture and organization, ability to maximize tax deductions, invoicing and recurring payments, track sales and s