Contact Governor Brown to Veto AB 1897

The California Chamber of Commerce is urging all businesses to send a letter to Governor Edmund G. Brown Jr. asking that he veto AB 1897, a “job killer” bill that imposes new liabilities on innocent businesses. “AB 1897 would expose virtually every employer in the...

Understanding How Accounts Affect the Balance Sheet

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...

Understanding Assets on the Balance Sheet

As a bookkeeper, I provide reports to clients for them to know the health of their businesses.  Two of the main reports are the Profit and Loss (also known as the Income Statement) and Balance Sheet. Sometimes clients don’t understand what each type of account...

Don’t Pay Less in Tax Than You Really Owe

None of us like having to pay taxes, but don’t try to finagle the numbers to pay less. If you are audited and didn’t pay all that was due, you will end up owing quite a bit more than the tax balance. There are many different types of audits. Most well...

Don’t Try to Cheat on Your Taxes!

None of us like having to pay taxes. We don’t like sales tax, payroll tax or income tax. We don’t want to see how much we earned, and then look at what is left over after the government takes their portion. But don’t try to finagle the numbers to pay...

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