Gearing Up for Tax Season: An Individual’s Guide

Gearing Up for Tax Season: An Individual’s Guide Most people look forward to ringing in the new year. It’s a time to create new goals, better yourself, and make new memories. However, a new year also marks the kickoff of tax season, which most people aren’t celebrating. Tax season can be a burden for many,…

Proof of Purchase Does not Prove Expense

Proof of Purchase Does not Prove Expense As business owners, you are able to take expenses and deductions that reduce your taxable income, but what happens if you are audited? You may be thinking that the possibility of your business being audited is low, but the IRS has set a goal to audit 50% more…

The Difference Between a Bookkeeper and an Accountant

The Difference Between a Bookkeeper and an Accountant Although these two professions have many similarities in their goals and objectives, the job role of a bookkeeper and accountant are different. Having worked for a variety of companies and entrepreneurs, I discovered that it was something that they found really unclear. I have often seen these…

Year-End Payroll Advice for Small Business Owners

Year-End Payroll Advice for Small Business Owners Tax season is nearly upon us. Year-end payroll can be a stressful time of year for many businesses. It is a time to prepare all the necessary paperwork for your tax accountant and get your finances in order as you prepare for a new year. It can be…