When you own and run a small business, it may seem like all of your spare time is gobbled up with odds and ends that must be completed to keep the business running. While it can be incredibly gratifying to know that you have done everything on your own, it may be well worth the…
All businesses require accurate financial records that are kept to ensure the health and success of the business. Unfortunately, many new or small businesses will skip hiring a pro in an effort to save some cash. Where this alone can be a big mistake, there are many bookkeeping mistakes that are quite common. With this…
We live in a world where identity theft is something that you need to be concerned about. There are many ways that someone can steal your identity and take advantage of it. One way that many people don’t think about has to do with taxes. While most of the time, people will apply for credit…
When you are running a business you have to start somewhere. You want to start up a business that is something you believe in or has a product you love. This makes running the business better for most. You want to do all that you can to offer your business services to others because you…
There is nothing quite as stressful as losing your employment. Knowing that you don’t have the means that you used to that provide your quality of life is unnerving. Luckily, there are programs that are put in place to help you get through this hard time. However, it can leave people wondering what that may…
Who doesn’t want to feel the appreciation that comes with a bonus after a job well done? While it can make you feel appreciated for sure, you may feel some frustration and surprise when you see how much of that bonus is gobbled up in taxes. If you haven’t ever gotten a bonus, you may…
There is a reason that so many people simply dread tax season. Compiling all the documents you need, worrying about how much money you are going to owe the IRS, and the list goes on. There are some things that you can do to make the tax season go off without a hitch this year…
When it comes to business, bookkeeping is the art of systematically organizing and recording all the financial transactions. Bookkeeping keeps the relevant financial information correct comprehensive and up to date. Small businesses may need professional bookkeeping services at certain stages of their operations. There are some stages down the line where it is more pertinent,…
While many people are aware that we have different tax brackets in our country, they aren’t completely sure how they work. In the United States, we have a progressive tax system that uses tax brackets. When you hear the word progressive, you may think about liberal thinking and ideals. It isn’t the case when it…
There are two ways that the IRS categorizes your taxes, ordinary and capital gains. These two types of taxes are incredibly different from one another and it is important that you understand what each of them are. Getting a good understanding of these two types of taxes can help you prepare appropriately for tax season.…
