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Keep checking back for frequent updates to common bookkeeping and accounting questions specific to small businesses. Have any suggestions for topics? Please reach out with your questions.

EIDL, COVID-19 and Bookkeeping

EIDL, COVID-19 and Bookkeeping

What is the EIDL Loan? Have you found yourself and your business affected by recent economic hardships? Unfortunately, a lot of businesses, specifically small businesses, were greatly affected by the COVID-19 pandemic.   As a response, many were able to apply for an...

Taxes 101: Deductions- Standard vs. Itemized

Taxes 101: Deductions- Standard vs. Itemized

As we learned in our previous post Taxes 101: Definitions (miss it? No worries; check it out here!), a deduction is used to help lower a person’s taxable income by making their adjusted gross income (AGI) lower than their gross income.  Everyone will need to decide is...

Taxes 101- Definitions

Taxes 101- Definitions

  Still scratching your head trying to figure out why your tax return was so much smaller, or why you even may have, *gasp*, owed? Since the U.S. education systems fails miserably in teaching us all about taxes and how the system works, we’re going to break it...

5 Tax Tips for Newlyweds

5 Tax Tips for Newlyweds

Wedding Plans Should Include Tax Plans If you’re getting married this year, congratulations! There are a lot of details in planning a wedding, but I'm sure your first tax return as a married couple wasn't on your list, but it most definitely should be!! The IRS has...

Which accounting software is right for me?

Which accounting software is right for me?

With all the choices for online accounting software, which cloud-based platform is best? It may leave you wondering which accounting software is right for me? I'll compare the most popular options so you can decide. Wave Accounting www.waveapps.com Price-Free! Pros...

Which accounting software is better online or desktop?

Which accounting software is better online or desktop?

People often ask which is better online (also called cloud-based) accounting software, or traditional desktop software? While you may like the idea of "owning" your software and only paying for it once, it simply isn't what I recommend. Why an online accounting system...

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