Posts

bookkeeping tips for small business

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 also accommodating your busy schedule. You want to use a simple, effective process that allows you to track and record all finances related to your business quickly and easily. This way, all your expenses, invoices, deposits, and other financial information will be neatly stored and accounted for once tax season arrives in the spring.

Read more

Simple Tax Deductions for Small Businesses and the Self-Employed

Simple Tax Deductions for Small Businesses and the Self-Employed

Every year, millions of Americans miss out on valuable tax deductions, and perhaps no sector of the population loses bigger than small business owners and self-employed individuals.

According to the Small Business & Entrepreneurial Council, small businesses with fewer than 20 workers and non-employer businesses together make up almost 98% of the businesses in America. This fact shows the enormity of the situation: if 98% of American companies took better advantage of valuable tax deductions, that large sector of the economy could get an enormous infusion of capital and perhaps grow significantly. Read more