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Understanding Your Potential Write-Offs

If you are like most small business owners, you might be in the dark regarding the taxes you have to pay and the ones that you don't. Write offs and tax codes can be difficult to understand, which is why it is so crucial to work with the right accountants. When I started working with an accountant, it was amazing to see the difference that it made. Overnight, my books made more sense and my accounts were simple to figure out. This blog is all about understanding your potential write offs, and avoiding issues with tax liabilities, mistakes, and audits.

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4 Accounting Tips To Keep In Mind As You Start An At-Home Retail Arbitrage Business

Posted on 26 April 2016

Retail arbitrage, the process of purchasing retail items at a discount and selling them online, can be a very lucrative business if you set everything up correctly. If you are in the process of setting up an at-home retail arbitrage business, you need to make sure that you have your accounting set up properly and your eventual tax returns in mind. Here are four accounting tips to keep in mind as you start up your retail arbitrage business. [Read More]

What Every Small Business Owner Should Know About Payroll Mistakes

Posted on 18 April 2016

Dealing with personnel issues can be complicated, particularly when it comes to employee pay. Whether you're contracting a payroll service or handling it on your own, there's always a chance of mistakes happening. Understanding this risk and being prepared to deal with mistakes will help you maintain control over your company's finances and ensure payroll accuracy. Here's a look at what you should know about dealing with payroll mistakes. What Kinds Of Things Cause Payroll Mistakes? [Read More]

Automating And Streamlining Your Business Accounting Services

Posted on 5 April 2016

Automating your day-to-day business operations -- including your accounting -- is one of the best and most effective ways to reduce your overall administrative costs. There are many ways that you can streamline your accounting system so that less work needs to be done by your accountants and bookkeepers. This has the additional benefit of improving the timeliness and accuracy of your books.  Tie Your Point-of-Sale System Into Your Bookkeeping System [Read More]

Adopting A Child? 5 Ways The New Addition Reduces Your Taxes

Posted on 30 March 2016

Adopting a child is a thrilling time for any family. It also means lots of changes in your life. Since it's estimated that it can cost an average of $241,080 to raise a child, one of the biggest changes will be a financial one. Fortunately, there are some ways in which your tax return can help offset these new costs. Here's a handy guide to the 5 main ways your adoption affects your taxes for the better. [Read More]