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…

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…

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…

Signs That Your Small Business Is Ready to Outsource Payroll

On October 12, 2016, Posted by , In Payroll Services, By ,,,, , With Comments Off on Signs That Your Small Business Is Ready to Outsource Payroll

Processing payroll is simple when you first open your business and your only employee is yourself. However, as you add employees payroll can become a complex and tricky situation. Small businesses can find in-house processing to be an overwhelming and dreaded chore. Not only is there the pressure to pay…

Does Your Small Business Qualify for These Tax Deductions?

On January 11, 2016, Posted by , In Bookkeeping, By ,,,, , With Comments Off on Does Your Small Business Qualify for These Tax Deductions?

As bookkeepers, we are constantly asked what can be written off. Surprisingly enough, the IRS does not have a master list they can give us. According to the IRS, to be deductible a business expense must be ordinary and necessary. In other words it must be commonly accepted in your…

WILMA Take 5 Featuring BOSS Founder Lauren McAllister

On October 22, 2015, Posted by , In Press, By ,,, , With Comments Off on WILMA Take 5 Featuring BOSS Founder Lauren McAllister

Founder of her company BOSS (Business Operations Services Solutions), accountant Lauren McAllister has spent the past decade working with entrepreneurs, helping them manage the weighty details that can bog down a business so they can focus on what they do best. Each business is different, but McAllister’s ethic remains the…

The Most Popular Bookkeeping Myths: Busted!

On September 1, 2015, Posted by , In Bookkeeping, By ,,, , With Comments Off on The Most Popular Bookkeeping Myths: Busted!

Bookkeeping can be an intimidating and dreaded part of business for many business owners. To make it even more challenging, there are many stereotypes and beliefs about bookkeeping that can make it hard to distinguish the facts from the rumors. You can risk unfortunate and preventable consequences by going into…

Tips From a Bookkeeper: How to Make a Small Business Soar

On July 28, 2015, Posted by , In Bookkeeping, By ,, , With Comments Off on Tips From a Bookkeeper: How to Make a Small Business Soar

Owning a small business seems easy until you are actually doing it. Small business success comes from hard work, willingness to adapt when certain issues arise, and learning from others. Business owners who claim to know everything and refuse to listen to others ideas often fail due to their stubbornness….