Bookkeeping and tax tips to help you understand your small business fi

Are My Workers Employees or Subcontractors?

Whether a worker is classified as an employee or a subcontractor depends on the nature of the work relationship.

What Steps Can I Take to Improve My Cash Flow?

There are a number of steps you can take to improve the cash flow of your business. Here are a few ideas...

Why Should I Use a Bookkeeping Service?

There are several reasons why a small business owner might benefit by hiring a bookkeeping service...

The Simplified Home Office Tax Deduction Explained

The simplified home office tax deduction, also known as the safe harbor home office tax deduction, is a method that individuals can use to claim the home office tax deduction.

What are Self Employment Taxes?

Self-employment taxes are taxes that are paid by self-employed individuals to fund Social Security and Medicare.

What are Payroll Taxes?

Payroll taxes are taxes that are withheld from an employee's paycheck and paid to the government by the employer.

Quarterly Estimated Income Tax Payments

Quarterly income tax payments are payments that individuals or businesses make to the government on a quarterly basis, rather than all at once at the end of the tax year.

How do I pay myself as a small business owner?

As a small business owner, it can be challenging to determine the best way to pay yourself. You want to ensure that you are able to meet your personal financial needs while also maintaining the financial health of your business.

Top ten questions to ask your Accountant

Starting and running a small business can be a daunting task, and seeking the advice and guidance of a professional accountant can be crucial to your success.