Resources: Sole Proprietors and Single-Member LLCs: 2012 Schedule C, Profit or Loss from Business Instructions to 2012 Schedule C Multiple-Member LLCs, Partnerships, S-Corporations, C-Corporations: 2012
Why YOU Should Care: Including all the necessary information on your invoice will reduce the potential for conflict with clients over amounts due and dates
Resources: Instructions for 2012 Schedule C IRS Guide to Deducting Business Expenses Why YOU Should Care: If you pay fees in the course of maintaining
Resource: Breaking the Time Barrier by Mike McDerment and Donald Cowper Why YOU Should Care: One of the most-common questions I get as an accountant serving
Getting Started First, any business needs its own bank account. Open a separate checking account at your bank and devote it solely to the income
Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for the Freshbooks blog. If you give
I was recently interviewed about Freshbooks for CPA Practice Advisor. It’s crucial for small business owners to use a bookkeeping system to stay on top
Tax time is coming! While that may strike fear into your heart, there’s no need to put off your preparation. Here are some steps to
Resources: IRS Publication 463: Travel, Entertainment, Gift, and Car Expenses Why YOU Should Care If you entertain clients, prospective contacts, or employees you may be
If you sell products, you are required to collect sales tax and submit it to your state. The Basics Sales tax must be collected on
Don’t miss out on keeping more money in your pocket during tax time. Grab our cheatsheet and snag tips that will save you $$$!
