by Candy | Feb 17, 2015 | Bookkeeping, Business, Featured
Late last year the IRS announced the new federal per diem travel rates for Fiscal Year 2015, which spans from October 1, 2014 to September 30, 2015. Usually the per diem rates are increased only by a dollar or two however, this year the high-cost area rate was...
by Candy | Jan 30, 2015 | Bookkeeping
Does your business accept customer prepayments or retainers? Perhaps you sell gift certificates or packages of services to be used over a certain period of time or number of sessions. Are you aware that this money is not to be counted as income until the services...
by Candy | Jan 23, 2015 | About Us, Bookkeeping, Featured
If you are not regularly having your bookkeeping completed, now is the time to do so. In order to be prepared make sure to gather the following information for your bookkeeper: Bank statements Check register or check stubs Paid invoices Deposit information Sales...
by Candy | Jan 13, 2015 | Bookkeeping, Business
Of the 230 million plus tax returns expected to be filed each year, about 16 million returns result in audits for small businesses and sole proprietorships. The root cause is often times traced to improper reporting of profits and losses on Form 1040. Incorrect...
by Candy | Oct 28, 2014 | Bookkeeping, Featured
Imagine that you are ready to do your bookkeeping, you try to open your file and find that your data file is corrupt or lost. What would you do? Unfortunately this can happen, and merely assuming that the online backup plan you have in place (if you have one) will...
by Candy | Sep 16, 2014 | Bookkeeping, News
In the last two posts, Understanding Assets on the Balance Sheet and Understanding Liabilities and Equity on the Balance Sheet, I explained the different types of accounts that appear on the Balance Sheet. This report shows the health of the business at a single...
