Are you self-employed? Do you really know what you are doing when it comes to handling the income and expenses associated with your business? Tax laws can be very hard to follow making tax time treacherous. Do you know if you can claim home office expenses as a deduction on your taxes? What does it take to qualify for home office deductions? You may be surprised at what you can actually write off. My site will answer all of your questions about self-employment and taxes. Hopefully, the information included can assist you in reducing your tax bill and avoiding the dreaded audit.
Posted on: 3 September 2020
If you are in the process of starting up a business, you need to make sure that you spend just as much time setting up the financial side of your business as you do setting up and developing the idea behind your business. Taking care of the accounting side of your business is necessary if you want your business to thrive. Accounting Startup Tip #1: Get Up to Date on the Law [Read More]
Posted on: 7 January 2020
As an artist running a small business, it is not uncommon to always feel like you are busy, which is why you need to really prioritize how you spend your time. If finances are not your strong point, you should outsource your bookkeeping to a professional bookkeeper. This will give you some of your time back and allow you to focus on creating the art needed to keep your small operation afloat. [Read More]
Posted on: 26 July 2019
As you move forward with your plans to start your small business, you know one thing for sure — you want to be paid. However, how you structure your payments and accounting practices is also important, so you have to choose between an accrual or cash system. Learn how each of these accounting structures is different so that you can determine which option is the best for your business. Accrual [Read More]
Posted on: 26 July 2019
Taking care of your business finances can be an overwhelming chore. When you already have enough daily tasks to worry about, it may feel impossible to keep up with all of your accounting needs. The great news is there are professional business accounting firms that can step in and help you out. They can take care of all your financial matters so your business can continue to run smoothly. Check out these reasons to hire a business accounting firm: [Read More]