Entries by S.H. Block Tax Services

What Is the Difference Between Bookkeeping and Accounting?

While bookkeeping and accounting both support healthy finances and accurate financial records for businesses, they are not the same thing. Although they work together, they perform separate functions and require different skillsets. And if you want to make wise financial decisions (and avoid costly tax penalties), you need both. Bookkeeping is actually a building block […]

Are Student Loans Tax Deductible?

Going to college can be a time of growth and excitement, not to mention set you up for a productive career. But for many graduates, student loans are the college hangover that just won’t go away. Student loan debt can follow you around for most of your adult life, causing financial stress and impacting your […]

Is Tax Fraud Jail Time Still Sentenced?

Al Capone, the notorious gangster and bootlegger, knew that image is everything. His charismatic demeanor and charitable donations kept him in favor with the public, despite his violent crimes and ruthless corruption. However, no amount of charisma could ultimately save him from the IRS. The Prohibition-era crime boss was brought down and imprisoned for tax […]

10 Bookkeeping Tips for Small Businesses

Keeping up with accounting tasks can be demanding for any company or organization, but it is especially overwhelming when you run a small business and handle the bookkeeping yourself! To prevent things from getting out of hand, it’s smart to implement a foolproof system that makes sense for your company’s size, revenue, and industry, while […]