Which Financial Reports Should I Look At As A Business Owner?
The reports that I would recommend looking at, and the main report that you’re going to want to use on a day-to-day basis is a Profit and Loss statement (P&L).
I Just Started a Company. What Should I Do Now?
I get asked this question all the time, and the answer is – it depends. Let’s say you just started a company and you are not making any money, yet. First
Which Tax Deductions Can I Take As a W-2 Employee?
As a W-2 employee, there is pretty much nothing deductible. The laws changed in 2018, and there were things that you could deduct prior to that such as unreimbursed mileage
Can I Hire A Bookkeeper Remotely?
Absolutely. And that is recommended. I am all about efficiency, simplicity, and saving the rain forest… When you hire someone remotely these days, you can have Zoom meetings, phone calls,
How do I get forgiveness on the PPP loan?
Recently, the PPP loans have been kind of “a big deal”, and have been one of the main questions asked of me, and I’ve been researching constantly. I have been
Do I Have To Pay Payroll?
That depends on your business tax structure. If you are a sole proprietor or an LLC, you don’t have to pay payroll unless you start hiring people to work for
What Are Some Deductions I Might Be Missing?
Business owners sometimes forget to deduct many business expenses. If you work from home for instance, and currently a lot of people do, you can take home-office deductions. A home
Should I Incorporate?
That depends on where you are at with your business. If you just started a company, you don’t need to worry about that, yet. If you have made $5,000 from
