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What ARE cash and accrual accounting? The best for you is…
One of the first decisions every business owner faces is choosing how to track his or her finances. The two main methods —cash accounting and accrual accounting—offer very…
4 min read
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Now My Books Make Sense – How A Chart of Accounts Works For You
In this post we’ll learn how a chart of account works. A chart of accounts is a list of categories that every transaction fits into. If we’ve done…
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Should Have Hired a Bookkeeper
How do you know when you should have hired a bookkeeper? When you’re paying late fees on bills. Your accounts receivables are getting longer and longer time horizons.…
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4 Way to Depreciate an Asset for Unbelievable Tax Savings
There are different ways you can depreciate an asset. These methods can give you different results at different stages of the use of your business assets. Whichever method…
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How to Take Deductions on Every Major Asset by Capitalization
Depending on your business, you may need to make some large expenses and deduct asset costs. How are those treated as deductions? In this post, you’ll learn how…
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Maximize Your Home Office Deductions – Save Thousands Easily
In a previous post, we talked about deducting a part of your mortgage or rent on your taxes if you operate an office in your home exclusively for…
4 min read
