What Triggers an IRS Audit and How Can You Lower Your Tax Audit Odds?
Discover what IRS audit triggers could increase your chances of your business being audited. Learn how to lower your tax audit odds and protect your company.
Navigating the Corporate Transparency Act for Small Businesses: Essential Guide to Beneficial Ownership Information
The U.S. Corporate Transparency Act (CTA) represents a significant shift towards greater transparency for business owners, aiming to combat illicit activities such as money laundering and fraud. As of January 1, 2024, many small businesses must disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This blog explores what beneficial ownership information (BOI) entails for small business owners, its importance in business operations, and the implications of noncompliance. Discover how these new requirements can enhance trust and mitigate risks for your small business.
Important Tax Planning Strategies for Small Business Owners
Discover essential tax planning strategies for small business owners to minimize tax liability. Learn how to lower your business taxes now and in the future.
How are Employee Fringe Benefits Taxed? A Guide for Employers
Discover how employee fringe benefits are taxed with common taxable and nontaxable examples. Understand their impact on bookkeeping for employers.
Should I Get a Business Loan? Factors to Consider
Considering a business loan? Explore key factors to determine if a small business loan is right for you. Get informed before you apply for funding!
7 Questions to Ask Before You Hire a Bookkeeper
Looking to hire a bookkeeper to handle the accounting for your business? Here are 7 questions to ask to find the best fit for your bookkeeping needs.
What is Cash Flow and How Do You Manage It?
Learn what cash flow is, how to manage it effectively, and why it's crucial for your business's financial health. Understand the importance of cash flow statements.
LLC vs Corporation Payroll Rules: How Should You Pay Yourself?
Discover the differences in payroll rules between LLCs and corporations to determine the best way to pay yourself. Learn about key advantages and limitations.
Gusto Payroll Software: A Bookkeeper's Review
Discover how Gusto's payroll software can simplify your small business payroll process. Learn about pricing and features in this accountant's review of the software and company.
5 Tips to Help Therapists and Dentists Avoid Burnout
Avoid burnout and exhaustion by following these 5 tips for therapists and dentists. Learn how to prevent burnout, a state of mental and physical exhaustion.
Keeping Receipts for Taxes: Tips for Therapists and Dentists
Learn essential tips for therapists and dentists on keeping receipts for taxes. Discover which records to retain for IRS purposes and maximize your tax refund.
Bookkeeping Tips for Dentists: Financial Tools for a Dental Practice
Expert bookkeeping tips for dentists to ensure the financial health and efficiency of your dental practice. Simplify your accounting with these essential tips.
A Small Business Tax Preparation Checklist for Therapists and Dentists in Private Practice
Prepare your business for tax season with our small business tax preparation checklist. Stay organized and maximize deductions with our tips.
Common Tax & Bookkeeping Mistakes Small Business Owners Make
Learn how to avoid common tax & bookkeeping mistakes that small business owners make. Save time, money, and keep your business successful.
6 Bookkeeping Tips for Small Businesses
Learn essential bookkeeping tips for small businesses in the therapy and dental industries. Stay in control of your finances and ensure long term success.
When Should You Convert Your LLC or Sole Proprietorship to an S-Corp?
Considering converting your business from a Sole Proprietorship or LLC to an S-Corp? Find out the right time to make the switch for tax and financial benefits.
What is the Difference Between Bookkeepers and Accountants?
Confused about differences between bookkeepers and accountants? From day-to-day operations to higher-level financial analysis, here's what to know before hiring one.
Understanding the Difference Between an Enrolled Agent (EA) and a CPA
Discover the distinctions between an Enrolled Agent (EA) and a Certified Public Accountant (CPA) in the realm of tax professionals. Learn about the roles and benefits of working with each.