Category: Tax Strategy

Accounting

Maximizing Your Extension

For business owners, staying organized with financials is about more than spreadsheets lining up nicely or thoroughly reconciled accounts (although both are important). It’s about the crucial role organized bookkeeping plays in the actual tax filing process. Simply, organized records both save time and reduce errors during tax preparation. For those who filed an extension this year, this means getting organized now, as those due dates are quickly approaching.

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tax reporting
Accounting

New Tax Reporting Rule Impacts Venmo, CashApp, and PayPal Users

Changes to the tax laws are nothing new. In fact, you can generally count on them with as much regularity as the change of seasons. Often, these changes are obscure, affecting different groups for different reasons. This year, one of the primary changes will impact millions, as it reflects a nearly universal increased use of third-party payment networks for business and day-to-day transactions.

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Accounting

Personal vs. Business Budgeting

As an entrepreneur, it is essential to know how to properly manage both your personal finances and your business finances. At its simplest form, budgeting is the creation of a spending plan to determine in advance your income and outgoing

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Accounting

Understanding Roles: Bookkeeper vs Accountant vs CPA

Accounting nomenclatures often get thrown around like accountant, bookkeeper and CPA without an understanding for their true meaning and differences. As a business owner who has lots of solid business acumen, you may (or may not) understand the contrast between

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Bookkeeping

Time + Taxes Wait For No One

When we round the corner of the third quarter, it seems like hours turn into seconds and days into minutes. Why does the end of the year always seem to sneak up on us? The complexity in the answer to

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