A client asked me last week: “I paid my insurance in full in October. Why is the whole amount not showing in my expenses?”
Fair question. Honestly, this is one of the most common things business owners ask me.
Here’s how I explained it. When you pay for a full year of insurance,...
A designer asked me: “I only send invoices. Do I really need a bookkeeper?”
Fair question. Most designers think bookkeeping is only for big companies.
But the moment you take client money, you run a business.
Say you earned 60,000 this year. It feels like profit. Now look closer:
...
Over two dozen states are talking about cutting or straight up killing property taxes.
Older folks with paid off houses saying they feel like renters in their own home and bills are up about 25% since 2019.
should you still owe property tax?
I was talking to a prospective client for my bookkeeping business.
She asked what are the key benefits of hiring a bookkeeper. I was semi-prepared with an answer:
1. Saves Time - frees you from daily data entry, reconciliations, and invoice tracking so you can focus on growing...
Liquidity or Tax Saving
Which is best for a company owner?
Recently, I worked on a file where a business owner could save $450,000 in taxes.
But in the letter, she explained that she didn’t want to lose liquidity in her business.
In accounting, we know what liquidity means.
So,...