How To Avoid Being Audited By the IRS
As a new business owner, you'll probably agree that there was a lot that you had to learn especially as your business begins to expand, and filing taxes for your business is one of them. Many small businesses face many challenges, including the risk of an IRS audit....
5 Things You Need To Know Before Hiring A Bookkeeper
Hiring a bookkeeper is essential to the growth of any business. Maintaining accurate bookkeeping can provide businesses with insights into their financial health, such as cash flow, revenue, and expenses. In fact, it is no secret that accurate bookkeeping can help...
5 Reasons Why You Need A Certified Professional Bookkeeper
So, you've successfully launched your business and things seem to be going well. How do you really know how well your business is doing? What next? Well, as a business owner, you need to always keep precise, accurate, and organized records of business transactions....
When To Outsource Bookkeeping For My Business?
Are you considering whether you should outsource bookkeeping for your business? Bookkeeping is an essential but often tedious task for small businesses and companies. As a business owner, you should know the importance of keeping accurate records of all financial...
When is tax deadline 2023?
The 2023 tax season is upon us. Nearly all taxpayers will submit their taxes electronically in 2023. Are you one of them? Consider this your quick guide to filing your IRS and State 2023 tax returns before the tax deadline. When does the IRS start accepting returns in...
Achieving Business Growth Without Borrowing
As a startup, taking out a business loan may be your first plan of action for financing business growth. But there are excellent reasons to consider other options for finding capital to expand your business. For one, it can be very difficult for a small business to...
Organize your QuickBooks
Hello everyone, Bobbie Witt here, with Bookkeeping Confidential. We are a full-service virtual bookkeeping firm here to assist small businesses such as yours to create profit in your business and understand your numbers. If at any time you have questions regarding...
Temporary 100% Food and Beverages Deductions for Small Businesses
The Internal Revenue Service and National Treasury Department have announced an increase in food and beverages deductions that businesses can claim up until 2023. The agencies have outlined which expenses would qualify for temporary 100% food and beverages deductions...
7 Questions To Ask When Hiring a Virtual Bookkeeping Firm
Hiring a bookkeeper is very essential when running a business. A bookkeeper keeps a record of the financial affairs of a business. Outsourcing a virtual bookkeeping firm is cost-efficient, energy-saving, and convenient, especially in the current global climate. How...
QuickBooks Tip of Chart Accounts
Hi everyone, Bobbie Witt here with Bookkeeping Confidential again. I want to talk to you today about the Chart of Accounts, which is the map of your business. When you first open QuickBooks, this is going to be your dashboard. Then you’re going to go over to...