Neglecting a mid-year review can lead to missed opportunities, unpleasant tax surprises, and preventable cash flow crunches. Taking a proactive look now gives you time to correct course, plan smarter, and make sure your money is working for you—not against you. A thorough mid-year bookkeeping review can help you: Catch mistakes before they snowball […]
Category Archives: Bookkeeping
Running a small business means wearing many hats — sales, service, operations, and yes, bookkeeping. Unfortunately, bookkeeping often lands at the bottom of the to-do list, leading to costly mistakes that quietly drain profits and create tax-time chaos. Below, we break down the top 10 bookkeeping mistakes small business owners make, why they’re expensive, […]
When was the last time you actually looked at your business budget? Most business owners create a budget at the start of the year, feel a sense of relief that “it’s done,” and then don’t look at it again until tax time. But the truth is — if you’re not reviewing your budget regularly, […]
It’s that time of year again, almost the end of summer, where school is about to start up and suddenly everyone’s schedules have changed and everything seems to be moving a million miles a minute. Now’s the time to get back into the swing of things! Here are several tips (both personal and business) […]
The word “audit” is one of the things that scares business owners the most. I’ve compiled 10 warning signs for an IRS audit that you should watch out for: Big deductions for meals and travel. If you have minimal business expenses in other areas but are claiming a significant deduction on “meals and travel”, you […]
Small businesses should be looking to improve their cash flow by starting with these simple but effective steps: Get clear on money coming in and out. One way to do this is by connecting all the apps you use for payroll, expenses, and generating revenue to a central system that gives you a snapshot of […]
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In-house bookkeeping is the traditional form of business bookkeeping, but companies are increasingly turning to outsourced bookkeeping solutions because of the advances in technology and a growing economy. While each of the two options comes with pros and cons, we’ve laid out the differences between the two. Outsourced bookkeeping services often provide higher quality and […]
Many times as business owners are just glad someone likes to deal with “the numbers” other than themselves. That being the case, do you have a way to check their work? Is there anyone else you can call to look at your books to make sure errors will not end up costing you […]