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Mileage Reimbursement Rate Increases Starting July 1

Mileage Reimbursement Rate Increases Starting July 1

by Kimone Johnson | Jun 14, 2022 | Bookkeeping for Business, Business Tips, Tax Tip

The Internal Revenue Services (IRS) has recently announced that there will be an increase in the mileage reimbursement rate come July 1, 2022. Below, we explain what exactly this rate is, the increased amount and how to apply it. What is the Mileage Reimbursement...
Achieving Business Growth Without Borrowing

Achieving Business Growth Without Borrowing

by Bobbie Witt | May 24, 2021 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business

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

Organize your QuickBooks

by Bobbie Witt | May 19, 2021 | Bookkeeping for Business, Bookkeeping for Law Firms, Business Tips, Profit First, Small Business, Tax Filing, Tax Help, Tax Tips

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

Temporary 100% Food and Beverages Deductions for Small Businesses

by Bobbie Witt | May 17, 2021 | Bookkeeping for Business, Bookkeeping for Law Firms, Business Tips, Profit First, Small Business, Tax Filing, Tax Help, Tax Tips

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

7 Questions To Ask When Hiring a Virtual Bookkeeping Firm

by Bobbie Witt | May 12, 2021 | Bookkeeping for Business, Bookkeeping for Law Firms, Business Tips, Profit First, Small Business, Tax Filing, Tax Help

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...
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