Are you about to start using accounting software to manage your business? Many small business owners and self-employed individuals do their own bookkeeping so that they can hand off accurate general ledger reporting to their certified public accountant at the end of the year or quarterly. But the process isn't without its challenges; bookkeeping software can be a bit difficult to get acclimated to, especially without training. Here are a few of the most common mistakes
15 July 2015
If you've done taxes for yourself or your business, then you know just how incredibly complicated and frustrating the process can be. Thankfully, there are professionals who can help streamline any of your financial needs, for a fee. Here is an introduction to the world of certified public accountants and an argument for why you should hire one: What is a certified public accountant? A certified public accountant is any accountant who meets specific qualifications, including the passing of a standardized exam known as the Uniform Certified Public Accountant Examination, This means that you can trust a CPA to be a competent accountant.
1 April 2015
If you're launching a new business, or simply want to revitalize an existing business that has gone a bit stale, you might be wondering about the most cost-effective ways of promoting your products and services. In today's technology-centric world, it can be difficult to keep up with changes in search engine optimization, laws governing targeted mailings and other types of solicitation, and other key issues in the marketing field. Read on to learn more about how a marketing consultant may be able to bring in a steady stream of reliable, paying customers.
27 March 2015
With tax season in full play now, many people have questions about how taxes work. Taxes can be very confusing, which is why so many people choose to hire professional services. This is a wise choice, and can help you save money and ensure that you avoid the extra headache of taxes. For those who may not understand taxes as well, here are a couple answers to commonly asked questions.
23 March 2015
Are you worried about the possibility of being audited? Many people are; the process of auditing can feel very invasive and take a long time, not to mention the additional cost that it often involves. Though the process by which an IRS triggers an audit can be somewhat mysterious, there are ways that you can reduce your chances of being audited. 1. Always Hire a Professional Accountant More and more people today are trying to do their own taxes.
11 March 2015
If you work while attending college, you've probably discovered the necessary evil of filing your taxes. But as a college student who is still being claimed by someone else, you face a unique situation – that of being a dependent who must also file taxes. It can be confusing because the rules are different than for most taxpayers. So, what's different? And will it help you or harm you? Here are four key changes.
5 March 2015
Food trucks are growing in popularity for both customers and entrepreneurs. But even though it's an enjoyable, low-overhead business for those who are passionate about food, a mobile food vendor still needs to be a profitable enterprise like any other, and many food truck owners fail to keep their truck on the road to success. Managing your costs as a food truck business is essential to long-term stability and growth. In short, you have to understand and control the money you're putting into your services and what you're getting back out of it.
26 February 2015
Filling out your taxes for 1099 contract work or as a self-employed taxpayer? You might have just discovered a little-known but important facet of working for yourself - the Self-Employment Tax. What is it and how can you avoid paying too much? What is the Self-Employment Tax? The Self-Employment tax is the full portion of your Social Security and Medicare taxes based on your income. While wage employees also pay a contribution to their Social Security and Medicare taxes, their employers pick up a matching contribution.
18 February 2015