Retirement Savings Tips for Small Business Owners

Posted on 15. Dec, 2020 by in Retirement Accounts, Small Business Tips

As an owner of a small business, you’ve proven that you’re a self-starter by operating a successful private enterprise. Of equal importance is applying your skills towards saving for your future. Here are some of the most popular tax-advantaged retirement vehicles for small business owners in 2020 and some tips on saving for retirement. Options […]

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Finding Midsummer Inspiration

Posted on 15. Aug, 2018 by in Misc. Articles, Small Business Tips

GUEST POST: By Andrea Novakowski, MBA It’s time to talk about your Word of the Year, the tool my clients use to summarize their intentions for the year to come. What? It’s August! Summer is in full swing. It might seem strange to be talking about your Word of the Year right now. But I see it […]

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How to Write Your Mission Statement

Posted on 27. Feb, 2018 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

Mission statements are not just for large corporations. As an owner of a small business, you can benefit from going through the exercise of writing your mission statement. It can not only re-connect you with your “why,” it can also communicate an important part of your business to all of your stakeholders. What Is a […]

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Are Your Workers Contractors or Employees?

Posted on 19. Feb, 2018 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

If you have workers in your business, you likely made a decision when you hired them as to whether they should be an employee or a contractor.  If all you hire is employees, then you have nothing to worry about.  But if you hire contractors, there may be some financial risk you may taking that […]

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Your New Life as a Pass-Through Entity Owner

Posted on 12. Feb, 2018 by in Bookkeeping Articles, Small Business Tips

An initial look at the new business deduction Know your businesses’ QBI QBI stands for qualified business income, which is generally your business net income other than income in the way of wage compensation. QBI is the basic figure you need to determine how much of the 20 percent reduction you get. It excludes business […]

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Three Popular Tax Breaks are Gone

Posted on 10. Apr, 2017 by in Bookkeeping Articles, Small Business Tips, Tax Updates

As you make plans for the 2017 tax year, take note that three popular tax breaks expired last year and won’t be available unless Congress acts to extend them. Tuition and fees deduction. You used to be able to deduct as much as $4,000 in college tuition and fees as an adjustment to taxable income. […]

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Happy Tax Filing Month!

Posted on 03. Apr, 2017 by in Bookkeeping Articles, Small Business Tips, Tax Updates

Happy tax filing month! To help celebrate, this month’s newsletter includes a tax quiz exploring the history of taxation in the United States. Also included is a reminder to help your favorite charitable organizations retain their nonprofit status, a simple four-step household budget building process and a reminder of some popular tax breaks that are […]

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Stop Doing Shoebox Bookkeeping and Start Taking Charge of Your Financial Records

Posted on 20. Dec, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Some small business owners have the mistaken belief that as long as they have all their paperwork together in one box that they’re doing a good job with their finances.  Nothing could be further from the truth.  In bookkeeping circles this is known as “shoebox bookkeeping” and many times it’s a bookkeepers worst nightmare at […]

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When is Bookkeeping Help Needed?

Posted on 06. Jul, 2016 by in Bookkeeping Articles, Small Business Tips

Do you find yourself wishing you had some bookkeeping help for your business? The job requirements of bookkeepers are enormous and it really takes a lot of knowledge, training and experience to do the job correctly. You should not assign these responsibilities to just any employee because you cannot afford any errors. Mistakes could mean […]

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