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…

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…

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…

Save Time With These QuickBooks Shortcuts!

On October 5, 2016, Posted by , In Quickbooks, By , , With Comments Off on Save Time With These QuickBooks Shortcuts!

Keeping up with your books doesn’t have to take all day. If you use QuickBooks specifically, then there are numerous shortcuts available for you to utilize. Here are our favorite QuickBooks tricks to save you time! Ctrl+F This opens the “find” window, allowing you to search your entire QuickBooks file…

You’ve Received a Letter From the IRS. Now What?

On September 21, 2016, Posted by , In Taxes, By ,, , With Comments Off on You’ve Received a Letter From the IRS. Now What?

Anytime you receive an envelope from the IRS, chances are your stomach gets in a knot before even opening it. Here are some simple tips to help you get through this legal maze. Don’t panic. Although panicking is usually the first thing done, it shouldn’t be. With millions of individuals…