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Deciding whether to have a bookkeeper look at your books can help you catch errors, stay compliant, and make smarter financial decisions. Yes, absolutely. One-hundred percent. If you do your own books because you are not ready to hire a bookkeeper or because you like...
Many business owners wonder whether bookkeepers file taxes, and understanding the role of bookkeeping versus tax filing can help you avoid errors and compliance issues. Some bookkeepers file taxes. Some bookkeeping firms file taxes. On my team, I have a certified tax...
Many small business owners ask if they need to own QuickBooks, and the answer depends on your bookkeeping needs, transaction volume, and financial management approach. QuickBooks is a popular accounting software that helps track income, expenses, invoices, and...
Many small business owners discover they actually save money hiring a bookkeeper because accurate records prevent costly mistakes and wasted time. I believe that you would. A bookkeeper is going to be able to get things done a lot faster and more accurately than you...
I always think that a business owner's time is worth thousands of dollars an hour in potential income. Now, this, of course, depends on where you are with your company. If you just started your company yesterday, you might not be ready to hire a bookkeeper. You do...
Choosing the best software for bookkeeping depends on your business size, reporting needs, and how much automation you want in your financial process. I might be a little biased because I'm QuickBooks ProAdvisor certified, but I think that QuickBooks Online is the...
When hiring a bookkeeper, it’s important to look for someone with experience, strong attention to detail, and clear communication about your financial records. I personally have been doing bookkeeping for over 15 years. There are certain things that I would look for...
When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are required to issue them a 1099 by Jan 31 of the following year.1099s have various federal and state guidelines. For instance, California has...
Every business owner should know which financial reports a business owner should look at to monitor cash flow, profitability, and overall financial health. The reports that I would recommend looking at, and the main report that you're going to want to use on a...
After starting a business, many owners overlook bookkeeping and financial systems, which can lead to problems as the company begins to grow. If you’re unsure what to do after starting a business, the first step is getting your finances, bookkeeping, and structure set...