Already Launched Your Business? 3 Ways A CPA Can Help Now

Many entrepreneurs start their own small business informally, often doing all the work themselves or relying on friends and family to fill in any gaps. But once you get your enterprise off its feet, is it too late to seek out professional assistance in key areas? Not at all. In fact, once you're comfortable in your operation, you can take the time to consult with an accountant. Here's why.  1. You Know Your Business [Read More]

How Undergoing Training Can Help You Use Quickbooks More Effectively

Quickbooks is one of the most popular types of financial software that businesses will use. However, it is a somewhat complicated piece of software, and individuals will want to consider undergoing a Quickbooks training course so that they will be able to make full use of this financial software solution. What Are The Benefits To Completing Quickbooks Training Programs? While many of the features of Quickbooks will be relatively straightforward for individuals to use, there are many other settings and functions that can allow you to more completely incorporate the Quickbooks software into your business's operations. [Read More]

3 Year-Round Habits That Make Business Tax Preparation A Breeze

As a small business owner, tax time will be easier and less expensive if you think about taxes a little throughout the year. How can you do this? The answer may not be as complicated as you think. In fact, it may simply be a matter of developing a few good practices. Here are five that can help any business.  1. Schedule Tax Planning Appointments Rather than wait until March or April to make a single tax appointment, consider adding one or two tax planning appointments with your preparer at different times of the year. [Read More]

Has The IRS Classified Your Business As A Hobby? 3 Things You Can Do

It seems like almost everyone has a side gig these days. Online marketplaces that allow people to sell anything and everything have made it possible for people to turn their hobbies into a viable business. The sale of any item is subject to taxation, but the IRS treats hobby sales and business sales very differently. Most people want to be classified as a business so that they can claim deductions to reduce their tax burden. [Read More]