If you plan to claim itemized deductions on your tax return, it’s important to have as much supporting documentation as possible to get your maximum refund. Receipts will help you determine whether you should take the standard deduction and how much you can gain from the itemized deduction, while also offering proof of expenses if …
Ask a group of small business owners what their biggest stressor is and most of them are going to point to their bookkeeping. Few business owners have the in-depth knowledge needed to manage their business’ daily financials, including cash flow, accounts receivable, invoicing, expense recording and more. And, even those with the skills to keep …
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The average person who thinks about bookkeeping and accounting probably assumes these are jobs with extremely similar functions that are performed by the same person. In actuality, these are very different financial tasks. While there are common goals in accounting and bookkeeping, these services will support business owners in different ways. Let’s take a look …
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One of the best things you can do as a small business owner to ensure the long-term financial health of your company is to make bookkeeping a priority. By prioritizing bookkeeping, you’ll be able to keep more accurate records of your company’s revenue and spending habits. Here are just a few examples of ways smart …
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