It has been said that “the best things in life are free, but sooner or later the government will find a way to tax them.” When it comes to paying taxes, no one gets excited. It’s a headache to get all the forms, records, and receipts together. Then, once you do get...
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Keep Up With Receipts Like A Pro With These 3 Simple Tips
Every transaction in your business has to be accounted for. In the nonstop world of a small business owner, it can be a real challenge to keep up with receipts. You either forget to enter the expense in your accounting software, or you just guess at the amount. Either...
5 Important Questions to Ask Your CPA Every Year
Meeting with your CPA shouldn’t be a one-time event where you simply hand them the keys to your finances and walk away. In order to take full advantage of the CPA you’ve teamed up with, here are 5 questions to ask your CPA at least every year.
Home Buying How To: Choose the Right People
With interest rates for homes looking so tempting right now, we are seeing a lot of interest (and hearing a lot of questions) around the topic of the home buying process. We’ve put together some considerations for you and hope they will help you be better prepared for...
Home Buying How To: Money Is Important
Are you looking at buying a new house or refinancing your current one? With interest rates being so low, we are seeing lots of our clients asking questions that direction. Before you get too far down the road of (re)financing a home, though, you will need to be as...
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Unraveling Nonprofit Financial Statements To Help Your Organization Do Even More Good
When you run a nonprofit, you have to make every dollar count. Nonprofit financial statements help you stay on top of your income and expenses in a way that shows how you are responsibly using donors’ money. In this post, we’ll unpack what makes nonprofit financial...
The Minumum Acreage For Farm Tax Purposes (And Other Ways To Know If You’re Running A Real Farm)
Do you know the minimum acreage for farm tax purposes? Or what it takes to really be considered a “farm” in the eyes of the government? If you’re not sure, this post is for you. Minimum Acreage For Farm Tax Purposes We recently did a post on “How to Qualify for Farm...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...
Entry-Level Accounting Positions: How To Start Your Career On The Right Foot
Attention, job seekers! Are you interested in the best way to secure entry-level accounting positions? Then this post is for you. We’ll explore what hiring managers are looking for, what a good starting salary would be, what kind of experience you need (or don’t...
Operating Lease vs Finance Lease: How New Rules Will Affect Your Small Business
In an earlier post on new lease accounting standards and how they can impact your business, we discussed a couple of different types of leases. Because most business owners are involved with renting some type of property or equipment regularly, we thought it might be...