Are Entertainment Expenses Tax-Deductible?
3 MIN READ Remember the good old days when you could take a client out for a round of golf and then deduct the expense from your tax bill? Well those days are now a thing of the...
Recordkeeping: Setting the Record Straight
5 MIN READ As a business owner, recordkeeping is a non-negotiable necessity that can impact the success of your business. While you’re legally obligated to keep certain records,...
How to Determine Who Receives a 1099
When it comes to 1099s, many business owners find themselves in a guessing game, wondering what exactly the rules and requirements are. This is a dangerous game to play because...
Are You Paying Yourself Properly?
9 MIN READ As a business owner, you have a lot of responsibilities. Often times, especially in the early stages of your business, you’re both rowing the boat and steering the...
Employee versus Independent Contractor: What's the Difference?
5 MIN READ Employer misclassification of their employees as independent contractors is a widespread problem in the United States. The IRS estimates that employers have...
8 Bookkeeping Bad Habits to Kick to the Curb
*Estimated Read Time: 9 1/2 Minutes Being a business owner is hard work. You’re constantly working to grow your client base, market your services, finetune the work you do, adjust...
How Financial Advisors Should Prepare for Tax Season
Tax season is a busy time for advisors and their clients. You may be checking in with people, helping them get organized, and connecting with their CPA. However, just because...
Common Bookkeeping Mistakes Made by Financial Advisors
Financial advisors are well-versed in the art of holistic financial planning and investment management. But what happens when it comes to their own bookkeeping? Often times,...
Save Time with Automation
Automation is the name of the game when it comes to carving out more time in your business. By automating processes, you’re freeing up time that you usually spend doing admin...