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20 04, 2017

Do You Really Need To Pay So Much in Taxes?

By | 2017-04-20T15:00:24+00:00 April 20th, 2017|Blog, Tax|Comments Off on Do You Really Need To Pay So Much in Taxes?

Tax season is coming to a close in the next few weeks or so. While many people have already completed their returns, there are others who are waiting until the last minute to get things done. Either they don't feel like filling out their taxes, or they're way too busy to get things done. Either [...]

19 04, 2017

Are You Memorizing Transactions? Should You Be?

By | 2017-04-19T14:21:56+00:00 April 19th, 2017|Blog, Monthly GAB, new business owner, QuickBooks|Comments Off on Are You Memorizing Transactions? Should You Be?

You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll checks and submit payroll taxes. Some of the time, you only fill out those transaction forms once. [...]

19 04, 2017

Tax Implications of Crowdfunding

By | 2017-04-19T13:30:28+00:00 April 19th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Tax Implications of Crowdfunding

Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees ranging from 5 to 9%, including GoFundMe, Kickstarter, and Indiegogo. Each site specifies its own charges, limitations, and withdrawal processes. Whether the money raised is taxable depends upon the purpose of [...]

13 04, 2017

What’s The Difference Between Independent Contractors and Employees?

By | 2017-04-13T15:44:49+00:00 April 13th, 2017|Blog, Tax|Comments Off on What’s The Difference Between Independent Contractors and Employees?

As your business grows over time you will probably want to expand and hire people for different roles. Luckily there are many options available for companies who need to find talented workers. As an employer, there are two main types of workers: employees and independent contractors. What's the difference you ask? For a new business, [...]

7 04, 2017

Don’t Overlook Tax Deductions for Home Ownership

By | 2017-04-07T12:59:15+00:00 April 7th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Don’t Overlook Tax Deductions for Home Ownership

Whether you already own a home or are considering buying one, you should be aware of the many tax benefits that go along with home ownership. There are plenty of reasons for owning a home, including the potential for capital appreciation and the fact that many of the costs are tax deductible, while rent is [...]

7 04, 2017

Estimated Tax Payments Are Not Just for the Self-Employed

By | 2017-04-07T12:51:38+00:00 April 7th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Estimated Tax Payments Are Not Just for the Self-Employed

Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making quarterly estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings for the year and pay taxes on a quarterly basis [...]

6 04, 2017

The Benefits of Making a Business Plan with Forward Focused Financials During the Startup Phase

By | 2017-04-06T15:27:23+00:00 April 6th, 2017|Blog, Business Advice, Financial|Comments Off on The Benefits of Making a Business Plan with Forward Focused Financials During the Startup Phase

As an entrepreneur you have to juggle many responsibilities, especially when you are trying to start the business. From marketing to product development, it's important to make sure everything goes smoothly as a founder. Although it may be tempting to just focus on other things, there are many advantages to making a business plan with [...]

30 03, 2017

If You Have a New Business, Here Are Things You Need to Know About Taxes You May Not Have Thought Of

By | 2017-03-30T13:59:21+00:00 March 30th, 2017|Blog, Business Advice, Starting a new business|1 Comment

You think you're ready. You may feel confident you're ready to start your new business, but first, here are some things about taxes you need to know and may not have thought of. Make Sure You Keep Good Records Before You File Your Federal Taxes Many new small business owners make the mistake of stuffing [...]

23 03, 2017

QuickBooks Online Accounting, Why Do I Need It? It Provides Transparency

By | 2017-03-23T17:26:42+00:00 March 23rd, 2017|Accounting, Blog|Comments Off on QuickBooks Online Accounting, Why Do I Need It? It Provides Transparency

It you've ever wondered why you need Quickbooks Online Accounting, one of the most important reasons is it provides transparency. This is important, because greater transparency creates greater employee loyalty and trust and inspires employees to work harder to achieve business goals. Transparency is especially important to your younger employees. Transparency to Your Employees is [...]

16 03, 2017

QuickBooks Online Accounting, Why do I need it? To Save Time

By | 2017-03-16T17:46:53+00:00 March 16th, 2017|Blog|Comments Off on QuickBooks Online Accounting, Why do I need it? To Save Time

If you're a small business owner, you're no doubt strapped for time, because you have to do so many things. You're so busy, you no doubt need to save time to get everything done, and you can automate some of the more routine or mundane tasks with specialized software, such as the specialized accounting software, [...]