Set your business up for financial success in 2025
It’s time to set yourself up for financial success in 2025! Start the year strong by evaluating your 2024 financial performance and using that data to create a solid roadmap for the year ahead. If this is your first time going through this process, no worries—I’ve got you covered. Here’s a checklist to help you […]
5 Bookkeeping Tasks to Tackle in 2025
As 2024 comes to a close, it’s time to reflect on your business’s financial health and prepare for the upcoming year. Tackling these critical bookkeeping tasks now can save you time, money, and stress as you head into 2025. Here’s how you can start the year on the right foot. Switch Payroll Providers Now!If your […]
December To-Do List for Business Owners
As the year winds down, December is a critical month for business owners to tackle essential tasks that will set the tone for a strong start in the new year. Use this checklist to help you close out 2024 with confidence and prepare for a prosperous 2025. 1.Plan for Year-End BonusesIf you’re considering holiday bonuses, […]
How to Know Who Needs to Be Issued a 1099 and What Information to Collect
Issuing accurate 1099 forms is a key responsibility for any business that hires contractors, freelancers, or other service providers. However, knowing who qualifies for a 1099 and gathering the right information can sometimes feel overwhelming. Here’s a straightforward guide to help you ensure compliance and avoid IRS penalties. Who Needs a 1099? In general, if […]
I’m Going to Owe Taxes – Is There Anything I Can Do Now to Reduce My Liability?
The end of the year is approaching, and if you’re concerned about a looming tax bill, there are still several strategies available to help minimize your liability. Whether you’re a business owner or simply looking to reduce your personal tax burden, taking proactive steps now can make a meaningful difference. Strategies for Business Owners Strategies […]
Dreading the Upcoming Tax Season? Here Are 4 Strategies to Get Ready
If the thought of the upcoming tax season fills you with dread because your books have fallen behind, you’re not alone. Small business bookkeeping can be a struggle for owners who have to run their business AND manage their books throughout the year. However, there’s still time to catch up and avoid unnecessary stress. Here […]
Common Bookkeeping Mistakes Made by Small Businesses
Bookkeeping for small businesses is crucial for long term success and fiscal management, but it’s also an area where many business owners make mistakes that can impact their bottom line. Here are some of the most common bookkeeping mistakes made by small businesses and how to avoid them. 1. Mixing Personal and Business ExpensesOne of […]
5 Tips for Keeping Receipts for Taxes
When it comes to preparing for tax season, keeping track of your receipts is essential—especially if you’re a small business owner. Properly organizing and retaining your receipts can help you claim deductions, avoid audits, and ensure that your tax return is accurate. Here are some helpful tips for keeping receipts for taxes and managing your […]
LLC vs. Corporation Payroll Rules: How You Pay Yourself
When you start a business, one of the most important decisions is choosing the right structure for your company—whether that’s an LLC or a corporation. One key difference between these business types is how you, as an owner, get paid. Understanding each payroll rule can help you manage your income effectively and avoid tax complications. […]
