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How Do Small Businesses Keep Financial Records? Document Management, Bank Reconciliations & More

There are many hats that small business owners are constantly wearing. This is especially true in the beginning. It is also true that in those beginning years of your business,…

Continue ReadingHow Do Small Businesses Keep Financial Records? Document Management, Bank Reconciliations & More

How to Pay Less Taxes for a Small Business? Purchase a Company Vehicle, Health Insurance & More

The thought of leaving any of your hard earned money on the table as a small business owner is enough to make you sick. Nobody wants to give the government…

Continue ReadingHow to Pay Less Taxes for a Small Business? Purchase a Company Vehicle, Health Insurance & More

What Business Expenses are Tax Deductible? Utilities, Property Rent or Mortgage, Insurance & More

When you own a small business, it is all about the bottom line. Any way to increase your income is a win. One thing that all small business owners should…

Continue ReadingWhat Business Expenses are Tax Deductible? Utilities, Property Rent or Mortgage, Insurance & More

Why Do I Need an Accountant & Bookkeeper? Prepare Taxes, Financial Insights, Reports & More

If you are a small business and have an accountant that is working well for you, you might make the mistake of thinking that you have everything that you need…

Continue ReadingWhy Do I Need an Accountant & Bookkeeper? Prepare Taxes, Financial Insights, Reports & More

Should My Accounting Method Be Cash or Accrual? Financial Position, Tracking Income & Expenses & More

When starting a business, one of the initial choices to be made is determining the preferred accounting method for monitoring income and expenses. Typically, there are two primary methods: accrual…

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Is Credit Card Stacking a Good Idea? Sign Up Incentives, Rewards, Interest Free Periods & More

Credit card stacking, a strategy where individuals apply for and utilize multiple credit cards simultaneously to maximize rewards and benefits, offers a plethora of advantages for savvy consumers. This financial…

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Should I Open an LLC Before Starting a Side Hustle or Other Business? Limited Liability & Other Pros

Starting a business is an exciting endeavor, filled with promise and potential. However, amidst the thrill of entrepreneurship, there are crucial decisions to be made, one of which is determining…

Continue ReadingShould I Open an LLC Before Starting a Side Hustle or Other Business? Limited Liability & Other Pros

Who Must File a Beneficial Ownership Report? How Do I Know if I Need to File a BOI Report?

In the world of corporate regulation the United States has undergone a major transformation with the enactment of the Corporate Transparency Act (CTA) as part of the broader Anti-Money Laundering…

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What is the Importance & Meaning of a Profit & Loss Statement as it Applies to Your Business Type?

When you own and run a business, knowing where you stand financially is essential to your success. Even if you feel like business has been booming and you’re doing really…

Continue ReadingWhat is the Importance & Meaning of a Profit & Loss Statement as it Applies to Your Business Type?

Important Bookkeeping Activities for Startups; Separate Personal & Business Finances & More

Starting a new business venture is an exhilarating journey filled with endless possibilities. However, amidst the excitement of bringing your vision to life, it's crucial not to overlook the fundamental…

Continue ReadingImportant Bookkeeping Activities for Startups; Separate Personal & Business Finances & More
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