Category Archives: Accounting

Business Meals with Tax Reform

In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This is very good news indeed. Under this new IRS guidance, you may deduct 50 percent of … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Taxes, Business Tips, General Tips & Tricks, Individual Taxes | Leave a comment

How to Cut Costs with Fixed Assets Management

Fixed assets are special kind of assets in your business. They include land, buildings, equipment, furniture, and vehicles that your company owns. While we frequently look at expenses to cut costs, fixed asset management is another place we can look … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Taxes, Business Tips, General Tips & Tricks, Management Tips | Leave a comment

5 Tips on Bringing Home the Bacon

Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business. Here are five tips related to managing and getting the most out of your business cash. 1-      … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, General Tips & Tricks | Leave a comment

Cool Apps: Accounting System Add-ons

Accounting software continues to evolve decade after decade. It started out as one big massive complicated set of programs that only large companies could afford. Today, cloud accounting is the modern solution, and today’s accounting systems are designed to meet … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Decision-Making Tips, General Tips & Tricks, Management Tips, QuickBooks Software | Leave a comment

How to Read Your Income Statement

The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, General Tips & Tricks, Management Tips, QuickBooks Help | Leave a comment

Boost Your Accounting Know-How with These Terms

The field of accounting has its own vocabulary, which can sound like a foreign language to some people. Your financial savvy will increase by learning a few new accounting terms. You’ll be “speaking accounting-ese” in no time, and you’ll become … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Decision-Making Tips, General Tips & Tricks, Management Tips | Leave a comment

How to Evaluate Your Marketing Spend

One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new customers and sales. The challenge for small … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Development, Business Tips, Cost-Savings Tips | Leave a comment

Boost Your Accounting Know-How with These Terms

Outsmart your accountant and other financial friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31. Some companies use a different year for reporting, and that’s called a … Continue reading

Posted in Accounting, General Tips & Tricks | Leave a comment

Get Finance-Savvy with 10 Accounting Terms

It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review. Asset: Essentially, assets are what you own. These include your bank accounts, business equipment, and even the amounts that customers owe … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, General Tips & Tricks, Management Tips | Leave a comment

Three Costly Accounting Mistakes to Avoid

Small business owners have a lot on their plates, and time simply does not allow you to become an expert in all the areas required for running a business. Here are a couple of common mistakes that we see all … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Decision-Making Tips, Expense Reduction Tips, General Tips & Tricks, Profitability Tips | Leave a comment