Over the years we’ve assisted many small business owners with their bookkeeping and learned how to do so efficiently and effectively. Today we want to share a few tips on how you can help your bookkeeper streamline your process and decrease your fees. Continue reading “7 Tips That Will Save You Money on Bookkeeping”
In the last two posts, I shared tips from Melanie Powers on how to show your bookkeeper you love them. Those posts can be read here. Today I’ll share her final two tips.
In the last post I started to share tips on how to show your bookkeeper you love them. If you missed part one, read it by clicking here. More tips shared by Melanie Power, Director – Power Finance and Head of Bookkeeping at Xero are: Continue reading “Tips to Show Your Bookkeeper You Love Them Part 2”
I recently read as blog post by Melanie Power who is the Director – Power Finance and Head of Bookkeeping at the online bookkeeping software company, Xero. In her article, she discussed 6 tips on how to work well with your bookkeeper and let them know you appreciate them. Here is what she had to say: Continue reading “Tips to Show Your Bookkeeper You Love Them Part 1”
It’s just shy of the end of June, so six months of the year are almost complete. I suggest to my clients having a check-in with their CPA at least two times a year; once about mid-year, and once in the late fall.
It’s a time to review what is happening in your business and see if any adjustments are needed to meet your goals. Based on what you find, you can make adjustments to prepare for a change in taxes due based on your profitability.
If you set a goal for the business in terms of revenue, how are you doing in relationship to that figure? If you are at 50% or better, that’s great! How much over your goal are you? Is this going to impact your taxes? Do you need to alter your estimated tax payments (if you currently have to file) to avoid owing a large amount later? Continue reading “Mid-Year Bookkeeping Check-In”
Are you using QuickBooks 2013 with add-on services such as e-mailing invoices, processing credit cards or running payroll? If yes, you will need to upgrade your software prior to May 31, 2016 as they will not work after this date. Each year QuickBooks stops support of a desktop version for all types (Pro, Premier, Enterprise Solutions, Accountant Edition, and Mac) and 2013 is the version this year that will no longer be supported.
When you purchase QuickBooks 2016, you’ll received up to 60 minutes (can only use in one call) of technical support (which expires the earlier of 9/21/16 or 30 days after registration), and answers to frequently asked questions can be found at https://community.intuit.com/articles/1021133-frequently-asked-questions-about-installing-quickbooks.
In most cases, you can update QuickBooks and your company file in less than an hour. The larger your company file, the longer it takes. After you install QuickBooks 2016 or QuickBooks for Mac 2016, you will be prompted to register, which is required if you want to access any add-on services or live support while using QuickBooks 2016.
Continue reading “Add-On Services Discontinued For QuickBooks 2013”
Are you a small business owner trying to do it all including handling your own bookkeeping? Are you afraid it would take too much effort to get information to someone in order for them to help you? Technology makes it so easy to collaborate, allowing you to offload this task!
There are numerous ways your bookkeeper can help. If you need access to your QuickBooks® file, remote access into your computer is one option if you are currently using the desktop version. QuickBooks online is another way owner and bookkeeper can collaborate. Hosting the data file in a shared folder in the cloud is another. We use all of these options with our clients depending on their specific needs.
Continue reading “Technology Makes it so Easy to Collaborate with your Bookkeeper!”
The states that must pay additional payroll taxes in the form of FUTA credit reductions have been announced by the Department of Labor. A state is a credit reduction state if it has taken loans from the federal government to meet its state unemployment benefits liabilities and has not repaid the loans within the allowable time frame. Continue reading “Payroll Credit Reductions Announced for 2015”
If you are a business owner, you may be entitled to some (or all) of the following deductions. Talk to your CPA to see which of these may apply to you to reduce your tax liability and make any adjustments prior to year end.
If you use your home office for business purposes, you may take the home office deduction, but the area must exclusively be for business (using a laptop on the kitchen table doesn’t qualify). This also applies to employees who work from their home office for the convenience of their employer. Continue reading “Business Tax Deductions You May Be Able To Use”
An increasing number of U.S. employees are creating supplemental income by becoming entrepreneurs while also working a full or part-time job, a trend known as “moonlighting.” The e-commerce platform Bigcommerce.com analyzed data over a three-month period in 2013 and found an unusually large amount of work being completed by “indie” online retailers outside of regular office hours. Continue reading “More Americans Moonlighting with E-commerce Jobs”