HOME OFFICE TAX DEDUCTIONS

HOME OFFICE TAX DEDUCTIONS

Home Office Deduction   You have a home office, and you wonder what deductions you can use. The answer is it depends on how much of a home office you have and if you have a home office. Most small businesses are working from their homes. There are many benefits from...
TRACK FINANCIAL TRANSACTIONS

TRACK FINANCIAL TRANSACTIONS

Once your accounting system is set up it is time to track your financial transactions. Keeping track of your businesses financial transactions tells the whole story of your business. There are so many things you can tell by just looking at your business reports. Some...
RECEIPT MANAGEMENT

RECEIPT MANAGEMENT

What do I do with the receipts I have? Should I keep them? YES! You are responsible for producing receipts if you are ever audited. Not your Accountant, Bookkeeper, Tax Prepare, Financial Advisor but YOU. It is ok to seek organization tips from those professionals but...
ANALYZE YOUR BUSINESS TRANSACTIONS

ANALYZE YOUR BUSINESS TRANSACTIONS

This is one of the most important steps in maintaining your financial records. This is one of the very first steps that should be taken when planning out your business. If you have already done financial forecasting for your business then this was done at that time....
ACCOUNTING SYSTEM

ACCOUNTING SYSTEM

WHY DO I NEED AN ACCOUNTING SYSTEM? To keep your financial transactions organized you need an accounting system. It does not matter what type of system you have as long as you can understand it. Your accounting system may be a collection of excel workbooks and that is...