The home office tax deduction is for self-employed individuals who use part of their home exclusively for business activities. Unfortunately, W-2 employees who work from home full time are not able to take advantage of this tax deduction. Prior to…
Now that the Holiday Season is firmly behind us, and you’ve probably finalized financials for YR 2023, how's your financial workflow shaping up? Are your clients all caught up on paying outstanding invoices? Check out Open Invoices report (Reports |…
In just a few short days, it will be time to welcome in the New Year. The Holiday Season brings personal and professional obligations, but for retailers, it's also the busiest time of the year. Even if you're not in…
Obtaining a six-month extension to file is relatively easy process, and there are legitimate reasons one might want to do so; however, there are also a few downsides to be aware of. If you need more time to file your…
Usually, when people talk about habits, they’re trying to figure out ways to break bad ones. Oftentimes, it’s difficult to trace negative habits back to their point of origin. They’ve just become something habitual that we engage in ritualistically without…
As the current 30-year mortgage rate hovers around 8%, and the 10-year treasury approaches 5%, it's important to understand the implications of rising interest rates. Interest rates play a significant role in shaping the overall economic landscape and have a direct…
Running an e-commerce enterprise comes with its own set of unique challenges. One critical aspect is managing your finances effectively. Accurate bookkeeping/accounting is essential for staying on top of your overall cost structure, tracking inventory and sales, and ensuring compliance…
Bookkeeping is an essential task for properly organizing, classifying, and accounting for business finances. By managing the in-flows and out-flows of all company transactions, business owners can see exactly where their money is going. In doing so, they glean the…
Starting a business can seem like a daunting task to the would-be entrepreneur. A step-by-step plan to get started can alleviate some of that angst. The cost of getting started is one of the first considerations that should be taken…
Government grants are valuable sources of funding for various business initiatives, available at the federal, state, and local levels. Whether you are a non-profit organization, a small business enterprise, or an individual looking to pursue a specific goal, understanding how…
