If you’ve been in business for any amount of time, you’ve probably heard something about keeping your receipts. And we’ve heard some good myths about when and when you don’t have to keep them. We’re here to set the record straight and tell you exactly when you need to keep receipts. First, let me explain …
“My bank says I have $5000, but my Profit and Loss says I made $10,000… huh?!” Ever asked this question? With this post, let’s dive into one of the most mis-understood and under-used reports that you have in your accounting software arsenal: Statement of Cash Flows (aka Cash Flow Statement). This statement will answer the …
Having the ability to process your accounting, payroll, CRM, etc., on any computer (PC or Mac) is all within reach now for any business starting out. And since we’ve helped many businesses setup cloud-based processes, naturally we’ve done a lot of trial and error on what applications work. These are many out there, but we’ve …
Here at iAccounting Solutions, Xero is our first choice in helping small businesses keep better track of of their finances. That’s why when Xero announced the Business Performance Dashboard, we were pretty excited. What Is It? In short, the Performance Dashboard is a simple way to check the health of your business. By using simple …
Xero’s Business Performance Dashboard And How To Use It Read More »
If you’re in the personal service business, then you know that keeping your clients happy is how you’re going to pay your bills. Whether you’re an accountant, personal trainer, therapist, or any other like-business, you depend on them. We’ve put together the top 3 ways (that we’ve found) that keep your clients coming back, and …
Ok, you’re a personal trainer, and it’s tax time. Does your tax bill hit you like a ton of bricks? Chances are you’ve experienced this pain. But, there are ways you can plan so that your not working for “Uncle Sam” and paying too much of your heard earned money! The first thing to consider …
Personal Trainers: The In’s and Out’s of Your Taxes Read More »
Whether you’re budgeting for your business, organization, or a department you’re in charge of, it can be a daunting task! But believe it or not, the nuts of bolts of how to create, manage, and execute a budget is the easy part. Most often, the challenge is to train ourselves how to treat the funds …
Whether you you have 1 or 30 employees, payroll is often synonymous with big costs and lots of headaches. And rightfully so. For a small business, payroll is often the #1 expense, and if you’ve ever tried to run and file payroll returns your self, you know how complex it can be. In the last …
Cloud Payroll Services: How It Can Benefit Your Business Read More »
April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay late. Here are eight facts …
If you run a small business, then chances are you maybe required to file 1099’s. These are probably one of the most misunderstood forms business owners file. Here’s the scoop: What are they for? Form 1099 is used to report money paid to individuals who are not your employees. The IRS …