As we move into the last quarter of 2021, we wanted to give you some small business tax tips to help you close out your year successfully. In this post, we’ll focus on everything you need to know about employing family members and how that affects your taxes. Starting...
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How Payroll Withholding Helps a Company’s Employees
Our clients who come to us for payroll help sometimes ask why they have to do tax withholdings on their employees. It’s a lot of work and it seems odd that it would be the employer’s responsibility. But have you ever wondered how payroll withholding helps a company's...
What is an Income Statement (and Why It’s Important for Your Business)?
Before we answer “what is an income statement,” let’s back up a little in case you’re just joining us. In our last post, “3 Most Important Types of Financial Statements Your Business Needs,” we had you stranded on a deserted island. (Go back and take a look…it’s a...
3 Most Important Types of Financial Statements Your Business Needs
It’s a question that most of us have been asked at a dinner party at some point in our lives: “If you were in a plane crash and stranded on a desert island, what one _____ would you want with you?” In 2005, The Office did an episode titled “The Fire” in which a small...
What is EOS? Helpful Principles and Tools that Make Your Business Grow
Small business owners face an incredible number of challenges every single day. When you’re the founder, the boss, and the heart of your business…solving problems is just what you do. The past year has only added more layers of complexity and difficulty thanks to...
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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...
9 Types of Accounting Jobs To Consider If You’re Looking For An Interesting Career
If you’re wondering what types of accounting jobs are available to college grads and job seekers with accounting degrees, you’ve come to the right place. We’re a CPA firm that’s been around a while (40 years and counting), so we’ve seen a thing or two. One thing we...
How Farm Bookkeeping Can Sow Seeds of Success In Your Ag Business
Farm bookkeeping isn’t exactly like bookkeeping for ordinary businesses. In the “non-ag” world, tracking transactions is fairly straightforward. But on the farm, things move at a different pace. The physical aspects of running a successful farm are tough enough....
New Lease Accounting Standards (And How They Can Impact Your Business)
Many businesses are involved with some type of leasing or rent-to-own transactions. Some lease property while others lease equipment to run their operations. Others are the ones leasing those things out to others as a source of revenue. New lease accounting...