Choosing the Right US Business Type: A Simple Guide
Starting a business in the US involves making some big decisions, and the first one is picking the right business type. This choice affects how you’ll be taxed, how much risk you’ll take on, and how you’ll run things. Let’s break down the different options in plain language. 1. Sole Proprietorship What’s Important: This is like […]
How to Know: Is That Business Expense Tax Deductible?
Hey there, hardworking tradesmen! We know you’re busy fixing pipes and keeping HVAC systems running smoothly. But amidst your daily grind, you must understand which business expense you can deduct from your taxes. Let’s unravel the mystery of tax deductions and help you maximize your hard-earned money! Make sure your expenses are ordinary and necessary for your […]
Take advantage of the S-Corp transformation
Welcome, fellow entrepreneurs and visionary adventurers, to a journey where we unravel the hidden gems of the business world! Today, we dive into the captivating realm of LLCs and their enchanting transformation into S-Corps. Prepare to be inspired as we embark on a quest to unlock the advantages of electing to be an S-Corp as an […]
Why Setting Money Aside Now Will Give You a Better Winter Season
t can be easy to get pulled into the excitement of the busy season. Your schedule is getting filled up, as is your bank account. You and your crews are all over the place, doing estimates, setting up jobs, completing jobs, and all the fun stuff that comes from a busy summer. It’s so easy […]
Adding Personal Accounts to QBO: Why it’s Best to Avoid
As a small business owner, you might start off using your personal accounts in your business. Naturally, you add these to your Quickbooks Online. However, this can lead to a number of problems down the road. In this blog post, we’ll take a look at why it’s a bad idea to add personal bank and credit […]
The Amazing Benefits of Having a Bookkeeper
As a business owner, you have a lot on your plate. You’re managing employees, overseeing operations, and making critical decisions that impact the success of your business. However, one area that’s often overlooked is bookkeeping. Having a bookkeeper can make a significant difference in the success of your business, and here are some key differences between […]
Is a Bookkeeper Important for Your Business?
When thinking about hiring new staff, the primary focus often falls on those who can directly drive sales. This is especially true when scaling your business. However, it’s essential to ask yourself some critical questions: Can you afford to hire an employee? Do you know which sales stream is the most efficient? A bookkeeper can […]
Quickbooks Desktop or Online: Which is Better?
Your business has reached the point that you need to move off of Excel spreadsheet tracking. Quickbooks is the most popular choice, but which do you choose: Desktop or Online? What are the differences between the two? Does it matter which one you pick? Let’s take a look at some things that might help you […]
What Value Does a Bookkeeper Bring to the Table?
The value of a bookkeeper is not always clear. Business owners hire bookkeepers for different reasons and at different stages in their business. It all comes down to what is causing your pain or what you find the most difficult. You may also just want to stay in compliance with the IRS to protect your business. Here […]
Hate Your Bookkeeping? Here’s Four Reasons Why
Most business owners hate doing the bookkeeping work. Each of us have our own kind of talents and weaknesses. This is what makes our world a beautiful place. That’s why in business it’s always best to outsource the things that you are least talented in. For me, that was my website. But for you, it […]