A Good Foundation is Healthy Financials!
The foundation of a growing company is having accurate and up to date financials that give you a clear picture of what’s happening in your business. From setting up your…
5 Tips When Hiring a Bookkeeper
As a small business owner, especially a start-up, you wear a lot of hats – one of those is probably bookkeeper. With all the things you have to do to start…
TRUST ACCOUNTS: WHAT ATTORNEYS SHOULD KNOW
Client trust accounts come with stipulations, and small business attorneys need to stay compliant with certain requirements. These accounts hold money or property safely and separately from the firm or…
2023 IRS Business Mileage Increase Announced!
Internal Revenue Service announced an increase in the optional standard mileage rate beginning January 1, 2023. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of…
Bookkeeping Tips: Understanding Your Chart of Accounts
Understanding your Chart of Accounts is key to creating accurate financials statements. Your Chart of Accounts is a complete list of the ledger accounts you will use to record transactions…
What is the Difference between an S corp and an LLC?
I own a small business and I am confused. Which would be best for my company? Here are some things to consider: LLCs can have an unlimited number of members;…