We know that no one is excited about taxes (even accountants) but if you are going to build a strong successful business you have to have some understanding of taxes and what they mean in your business. The person who has all answers is your CPA. You should like and feel comfortable talking to them […]

Bookkeepers work hand-in-hand with Certified Public Accountants (CPAs). But they fill different roles, so we thought we’d break it down for y’all here! What’s In a Name? A CPA and a bookkeeper are both accounting professionals. A CPA is certified (it’s right there in the name!) and has to complete continuing education and keep up […]

We feel like a broken record telling everyone and their sister to use Quickbooks, but it is truly the only way you will be able to have a FULL picture of your finances. (Yes, there are other kinds of accounting software, but Quickbooks Online beats them all!) Also, CPAs prefer Quickbooks to other software.  OHHH […]

 LET’S TALK ABOUT WRITE-OFFS.  WHAT THEY ARE AND HOW CAN WE GET MORE OF THEM. (also, remember you pay for it) The Basics  tax deduction / taks dih-duhk-shuhn / noun : Buying something “ordinary and necessary” for your business and then using that amount to lower the income you have made. Click here to see what the IRS […]

P&L shows your income and expenses. What it doesn’t show are things like – how much money is in your bank account or how much money you owe. Now, we’ll introduce you to her BFF, the Balance Sheet! She’s a little less well known, but just as important.  STEP 1: GET YOUR BOOKS IN SHAPE […]

Let’s keep this short and sweet, since your Profit & Loss (or P&L) is basically the lifeblood of your business you HAVE to be able to read it correctly.