Accounting, Bookkeeping, Invoicing Blog Posts

Education Tax Deduction For Businesses: What The New Stimulus Packages Means For Your Tax Deductions

In addition to these loans and grants, the government stimulus packages have also provided help through tax credits and deductions. These credits and deductions help cut tax liabilities and allow business owners to keep money in their businesses (and their pockets).

Feb 18, 2021 Filed under: Accounting, Bookkeeping, Invoicing, Small Business 0

Xero VS QuickBooks Online

Intuit has dominated the accounting software market for years. QuickBooks is a household name, with a reputation for reliability. It’s only relatively recently that the competition has begun to heat up – and it’s happening in the rapidly expanding field of cloud accounting software. Specifically, it’s happening with Xero.

Jul 1, 2020 Filed under: Accounting, Bookkeeping, Invoicing 0

What Is The Employee Retention Tax Credit?

One form of relief offered to small businesses is the Employee Retention Tax Credit. First introduced in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this tax credit could be claimed by eligible employers on quarterly tax returns. This program was expanded by the Consolidated Appropriations Act signed into law in December 2020, making the credit accessible to more employers.

Jan 19, 2021 Filed under: Accounting, Bookkeeping, Invoicing, Small Business 0

Filing Small Business Taxes For The First Time? Here’s Everything You Need To Know

Freelancers are self-employed individuals that work for themselves. Freelancers typically perform work for various clients. In some cases, freelancers may perform one-time services for clients, while other times they may work on longer-term or recurring projects. Freelancers may work for themselves full-time, or simply take on side gigs in addition to their traditional job.

Jan 4, 2021 Filed under: Accounting, Bookkeeping, Invoicing 2

Xero VS FreshBooks: Which Is Better For Your Business’s Accounting?

Xero’s advanced features, numerous integrations, and support for unlimited users make it a top choice for mid-to-large-sized businesses that are willing to put in the time and effort to learn the software. FreshBooks is a better fit for smaller businesses that want easy-to-use software equipped with basic features like invoicing.

Jan 4, 2021 Filed under: Accounting, Bookkeeping, Invoicing 0

The Complete Beginner’s Guide To Freelance Taxes

For many freelancers, tax time is a time of stress. It’s easy to let fear and panic take over. What are these forms you’re receiving in the mail? What forms do you file? Is the IRS going to take all of your hard-earned money? In this post for freelance taxes 101, we’re going to break it down for you.

Dec 10, 2020 Filed under: Accounting, Bookkeeping, Invoicing 0

How To Create A Budget For Your Small Business

A budget is nothing but a piece of paper (or spreadsheet) if you don’t stick to it. Watch out for overspending, cut costs where necessary, and adjust your budget as needed to account for any changes in your business.

Dec 7, 2020 Filed under: Accounting, Bookkeeping, Invoicing 0

What Are Business Grants & Are They Taxable?

There are business grants out there that give small business owners and entrepreneurs access to capital. However, it isn’t as easy as pulling out your credit card and receiving a magic list in your mailbox. It takes work to find grants that you qualify for, and even then, competition is pretty stiff. That doesn’t mean you should automatically write-off business grants, though.

Feb 11, 2021 Filed under: Accounting, Bookkeeping, Invoicing, Business Loans 2

Getting Paid With PayPal: How To Create & Send PayPal Invoices

PayPal invoicing allows you to create professional invoices in just minutes. There are no software downloads required, and you can create and send your invoices from your computer or mobile device.

Oct 22, 2020 Filed under: Accounting, Bookkeeping, Invoicing, Payment Gateways 0

QuickBooks Desktop 2021: Everything You Need To Know About Intuit’s Latest Release

QuickBooks Desktop 2021 now offers customer groups. With this feature, you can group customers based on set criteria such as location, customer status, or customer type. Once your groups are created, you can send automated statements, payment reminders, or create custom mailing lists.

Oct 20, 2020 Filed under: Accounting, Bookkeeping, Invoicing, News 5