Articles and news about small business bookkeeping
The home office tax deduction is real. If you are new to working from home, you may have never used it, but this valuable tax deduction can have value for the at-home entrepreneur, freelancer, or consultant. However, the IRS does have rules, and two of their keywords are “exclusively” and “regularly.” In other words, the […]
Here’s your no-nonsense rundown of available tax deductions for your small business.
In 2015, the Wright family of Wilmington, North Carolina, opened a small business, a coffee shop with a staff determined to make a go of it. A full list of specialty coffee drinks and a menu featuring breakfast and lunch items got the new venture off to a good start, but there was much more […]
You’re running your small business. One day you drop into your chair to catch your breath, and you realize you need help. Maybe you have employees, but they’re working as hard as you are. You need a new hire. What’s the paperwork process when you hire someone? The first thing you need to sort out […]
This article is a collaboration between our head of support, Annette and Sarah MacLennan of Academic Knowledge. There are so many apps that accountants could use to make their lives easier but here are a few we believe are the best apps for accountants. If you have a few you love submit them in the […]
What is “Gift Marketing”? Gift marketing is sending a potential customer or social media influencer a gift. For the record, I hate the term “social media influencer,” but I couldn’t think of a better name for “a person with a lot of followers on Twitter.” I’m up for suggestions. But what’s the purpose of gift marketing? […]
What You Need to Know About the FLSA Wage and hour lawsuits filed under the Fair Labor Standards Act have risen by 456 percent since 1995 and experts predict the trend to continue. Based on a series of interviews with TSheets, a time tracking app, here’s what employment law attorneys recommend you do to mitigate your […]
How to write a Demand For Payment Letter To Collect On Past Due Invoices I’m writing this article in collaboration with Anitha Cadambi, an attorney from California who actually enjoys writing about the law! Let’s talk a bit about collecting payments and writing Demand for Payment letters Let’s start with a hypothetical situation: “Beachy Design Studios,” […]
It’s fall…as a business owner what should you be focusing on? Fall is such a distracting time for me. The weather changes, there’s excitement because it’s football season, and on the coast we start fishing more. It’s so hard as business owners to pull our heads out of the day-to-day or week-to-week grind of running […]
Everywhere you look, you find someone talking about the impending doom of “taxmageddon” a.k.a. the fiscal cliff. You can gather by the name that no good is expected to come from the tax disaster that lurks on the horizon. Congressional negotiations are underway to prevent. Before panicking, though, it’s important to understand the potential outcomes, […]
