by cmehnert01 | May 30, 2023 | Bookkeeping Basics
When hiring workers, businesses have to choose between W2 employees and independent contractors. This is a crucial decision that affects the costs, benefits, risks, and opportunities for both the business and the worker. According to the Internal Revenue Service,... 
by cmehnert01 | May 10, 2023 | Bookkeeping Basics
If you care about your personal finances, you understand how crucial it is to monitor your budget and make informed judgments about your financial security and well-being. However, managing funds can be demanding and time-consuming, especially if you juggle multiple... 
by cmehnert01 | Apr 19, 2023 | Bookkeeping Basics
Are you tired of poring over confusing balance sheets and income statements just to understand your business finances? If so, cash accounting may be the simple solution you’re looking for. Cash accounting records revenues and expenses based on actual cash flows... 
by cmehnert01 | Apr 4, 2023 | Bookkeeping Basics
It may seem odd to think of the world as a small place. However, it is amazing how connected we are despite being separated by oceans and continents. Technology today has opened up a whole new world for business owners and entrepreneurs. This is especially true... 
by cmehnert01 | Mar 21, 2023 | Bookkeeping Basics
Budgeting is a way to organize one’s finances in order to know how much money is spent, how much will be saved, and how much debt has been accumulated. It helps in planning for future expenses and reducing debts. Budgeting can also help control spending...
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