If you and your employees plan on traveling for business this year, there are multiple factors to keep in mind. Under the current tax law, certain requirements for out-of-town business travel within the United States must be met before you…
In just a few short days, it will be time to welcome in the New Year. The Holiday Season brings personal and professional obligations, but for retailers, it's also the busiest time of the year. Even if you're not in…
Usually, when people talk about habits, they’re trying to figure out ways to break bad ones. Oftentimes, it’s difficult to trace negative habits back to their point of origin. They’ve just become something habitual that we engage in ritualistically without…
Running an e-commerce enterprise comes with its own set of unique challenges. One critical aspect is managing your finances effectively. Accurate bookkeeping/accounting is essential for staying on top of your overall cost structure, tracking inventory and sales, and ensuring compliance…
Bookkeeping is an essential task for properly organizing, classifying, and accounting for business finances. By managing the in-flows and out-flows of all company transactions, business owners can see exactly where their money is going. In doing so, they glean the…
Bookkeeping is a critical aspect of managing a business that is often overlooked or ignored by many small business owners. Poor bookkeeping practices come with hidden costs that can adversely impact the financial health and thus future success of your…
If you're a self-employed individual who utilizes their vehicle for business purposes, there are certain vehicle expenses that can be deducted. The extent of your deduction will depend on factors such as the operating costs of the vehicle, the amount…
Managing cash flow and maximizing profitability are essential for the success of any business. QuickBooks Online, the popular accounting software, offers a range of features and tools that can help you achieve these goals. In this blog post, we will…
As a business owner or employee, you may be entitled to deduct a portion of your meal expenses from your taxes. But which meals qualify for this deduction? In this blog post, we will explore the types of meals that…
Opportunity Cost Small business owners might not have the necessary knowledge and experience to manage their finances efficiently and effectively. Managing the books can be time-consuming and take focus away from other core aspects of running a business. Hiring a…
