Adjusting Your Service-Based Business Pricing for Inflation
For the last few years, we have been living in inflationary times. This past June 2022, the U.S. Bureau of Labor and Statistics reported...
top of page
Stephanie Peterson
Aug 4, 20223 min read
Key Elements Every Invoice Should Include
An invoice is an important document a business uses to help collect payments from a client. They include the cost of the products...
46 views0 comments
Stephanie Peterson
Jul 21, 20223 min read
5 Bookkeeping Errors that are Costing Your Business
Due to a lack of knowledge of proper accounting procedures and regulations, many small business owners often make costly bookkeeping...
71 views0 comments
Stephanie Peterson
Jul 20, 20224 min read
How to Close Your Business with the IRS
Let's face it; many businesses will come and go. The U.S. Bureau of Labor Statistics estimates that 1 in 5 U.S. businesses fail within...
14 views0 comments
Stephanie Peterson
Jul 5, 20222 min read
7 Great Reasons to Switch to QuickBooks Online
A change in software or business procedures can be frightening for some people. For example, if you are currently using a QuickBooks...
42 views0 comments
Stephanie Peterson
Jul 4, 20222 min read
Top 3 Reasons to Outsource Work to Domestic Contractors
In today's busy world, many small business owners are seeking to outsource work. It is an excellent option for entrepreneurs who want to...
63 views0 comments
Stephanie Peterson
Jun 24, 20222 min read
Preparing a Service-Based Business for Recession
Recessions are a natural part of the economic cycle and are unavoidable. On average, they typically last about a year but can cause...
39 views0 comments
Stephanie Peterson
Jun 23, 20222 min read
Independent Contractor Status vs. Employee
One of the most common errors a business can make is not having the correct status for a worker. The IRS is clear on what differentiates...
46 views0 comments
Stephanie Peterson
Jun 14, 20221 min read
The IRS Increases the Business Mileage Rate for 2022
Due to the rapidly rising cost of fuel, the IRS just raised the business mileage rate from 58.5 cents per mile to 62.5 cents per mile for...
28 views0 comments
Stephanie Peterson
Mar 12, 20222 min read
Business Survival During Tough Economic Times
Just as people need to watch their blood pressure, weight, and cholesterol, which are vital health indicators, business owners also need...
38 views0 comments
Stephanie Peterson
Mar 8, 20223 min read
Important Tax Changes for 2022
The Standard Tax Deduction Rises in 2022 All taxpayers are eligible to take the standard tax deduction unless they elect to itemize their...
35 views0 comments
Stephanie Peterson
Feb 17, 20222 min read
New Tax Laws for 2022 - Venmo, PayPal, Cash App, Etc.
Due to the American Rescue Plan, which was established last year, payment app providers like Venmo, PayPal, CashApp, etc. are all now...
38 views0 comments
Stephanie Peterson
Feb 13, 20223 min read
Important Cryptocurrency Tax Rules (Bitcoin & Etc.)
Do you own any cryptocurrencies? If so, it is wise to stay on top of tax laws and regulations that may impact your crypto investments....
35 views0 comments
Stephanie Peterson
Feb 9, 20222 min read
Is Your Business in Need of an Accountable Plan?
It is essential to reimburse yourself and your employees the right way. Having an accountable plan in place that follows IRS regulations...
15 views0 comments
Stephanie Peterson
Nov 14, 20212 min read
3 Signs Your Books Aren't Ready for Tax Season
You Have Transactions Not Categorized If your books contain uncategorized transactions, your financial reports will not be accurate. ...
67 views0 comments
Stephanie Peterson
Sep 21, 20212 min read
5 Common Bookkeeping Mistakes You Must Avoid
Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not...
44 views0 comments
Stephanie Peterson
Sep 15, 20212 min read
Would Being an S Corporation Benefit Your Business?
It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small...
14 views0 comments
Stephanie Peterson
Sep 13, 20212 min read
How to Avoid the Pitfalls of Messy Bookkeeping
Is your bookkeeping disorganized? Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By...
34 views0 comments
Stephanie Peterson
Sep 9, 20213 min read
What Vendors Should You Send 1099-NEC & 1099-Misc Forms To? (2021)
Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS...
70 views0 comments
Stephanie Peterson
Sep 8, 20212 min read
Information Bookkeepers Need to be Efficient and Effective
It is vital to provide your bookkeeper with all the necessary information and documents they need; so they can adequately record...
42 views0 comments
bottom of page