Resources

Still Using Excel for Accounting? You Might Want to Read This….

On March 1, 2018, Posted by , In Quickbooks, By ,,, , With Comments Off on Still Using Excel for Accounting? You Might Want to Read This….

For many small businesses, Excel is the default choice for bookkeeping. Excel absolutely has great purposes in the workplace and does many things very well. However, as your business and customer base grows, the risk of broken formulas, misplaced data, and lost files grow with it. Here’s why it is…

These Nine Things Are Essential to Preparing Your Tax Return

On February 16, 2018, Posted by , In Taxes, By ,,, , With Comments Off on These Nine Things Are Essential to Preparing Your Tax Return

For most businesses, using an accountant to prepare their tax return is the best option. Tax mistakes can be costly, and many business owners simply don’t have the time to become tax experts on the side. What you can do is have all of the required information gathered prior to…

Want to Make Next Year Your Best One Yet? Then Get Started on These Bookkeeping Tasks Early.

On November 13, 2017, Posted by , In Bookkeeping, By ,, , With Comments Off on Want to Make Next Year Your Best One Yet? Then Get Started on These Bookkeeping Tasks Early.

With just over six weeks until 2018, it is time to start making plans to accomplish critical bookkeeping tasks. For a small business, this can be a great deal of work. Get a head start by tackling these tasks in the final months of 2017! Review Your 2017 Books Of…

Cash Accounting vs. Accrual Accounting

On October 8, 2017, Posted by , In Bookkeeping, By ,,, , With Comments Off on Cash Accounting vs. Accrual Accounting

Even if you don’t handle your own financial reporting, it is vital for you to know the difference between cash and accrual accounting. The variance lies in the timing of when sales and purchases are recorded, but the method you choose can significantly impact your taxes. Cash Method When using…

Missed the Tax Deadline? These Tips Can Help!

On May 18, 2017, Posted by , In Taxes, By ,, , With Comments Off on Missed the Tax Deadline? These Tips Can Help!

The tax filing deadline has come and gone. If you didn’t file a tax return or an extension, but should have, you need to take action now. Here are some tips to help you: File as soon as you can. If you owe taxes, you should file and pay as…

Take Control of Your Bookkeeping This Year

On February 8, 2017, Posted by , In Bookkeeping, By , , With Comments Off on Take Control of Your Bookkeeping This Year

Every January you promise to get your bookkeeping under control, but the reality is that you are just too busy, right? You’re too busy, you don’t enjoy it, and you don’t see much value in it. That means that every year your bookkeeping is pushed to the back burner until…

On Alert: W-2 Phishing Scam Evolving

On February 3, 2017, Posted by , In News, With Comments Off on On Alert: W-2 Phishing Scam Evolving

The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits.   In a related development,…

The Value of Monthly Bookkeeping

On January 19, 2017, Posted by , In Bookkeeping, By ,, , With Comments Off on The Value of Monthly Bookkeeping

We get many prospects this time of year who believe bookkeeping is only beneficial for filing taxes. Typically a small business owner will come to us and say something along the lines of “I need a bookkeeper so I can file taxes.” BOSS can, and will, certainly assist in catching…

Reminder: IRS Changes W-2 and 1099 Filing Deadlines

On January 11, 2017, Posted by , In Taxes, By ,,,, , With Comments Off on Reminder: IRS Changes W-2 and 1099 Filing Deadlines

New Filing Deadline The Protecting Americans from Tax Hikes (PATH) Act, enacted last December, includes a new requirement for employers. They are now required to file their copies of Form W-2, submitted to the Social Security Administration (SSA), by January 31. The new January 31 filing deadline also applies to…

Bookkeeper or CPA? Here’s What to Know.

On December 1, 2016, Posted by , In Bookkeeping, By ,, , With Comments Off on Bookkeeper or CPA? Here’s What to Know.

Many small business owners consider hiring a professional to help them understand the financial responsibilities included when owning a business. For many individuals the terms “bookkeeper”, “Accountant”, and “CPA” are interchangeable. However, there is a difference between these positions. Bookkeepers The term “bookkeeper” is a literal one: A bookkeeper keeps…