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 […]
Category Archives: Bookkeeping
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 […]