by cmehnert01 | Sep 22, 2023 | Small business bookkeeping
You need to be aware of numerous financial obligations as an entrepreneur beginning your own small business. Budgets often feel constrained due to managing operational costs, paying personnel, and covering expenses. Knowing the major costs to anticipate will assist...
by cmehnert01 | Aug 23, 2023 | Small business bookkeeping
While starting a nonprofit can be gratifying, it also poses significant challenges. In this article, we will discuss specific bookkeeping strategies that can help your young nonprofit thrive. Use Good Accounting Software Different nonprofit organizations often require...
by cmehnert01 | Aug 10, 2023 | Small business bookkeeping
So, you’ve just started your Etsy shop, and you have a lot of finances to manage. You probably want to keep your business organized so that you know where every penny goes and how much stuff you need to produce based on profit. So how do you organize...
by cmehnert01 | Jul 26, 2023 | Small business bookkeeping
If you gain money that is not automatically taxed, including self-employment income, you may need to make estimated tax payments throughout the year. Estimated tax payments mean sending money to the IRS based on how much you think you’ll owe in taxes for the whole...
by cmehnert01 | Jul 11, 2023 | Small business bookkeeping
Generally Accepted Accounting Principles (GAAP) are the standard framework of guidelines for financial accounting used in the United States. These accounting standards, developed and maintained by the Financial Accounting Standards Board (FASB), provide the foundation...
by cmehnert01 | Jun 12, 2023 | Small business bookkeeping
Form 1099 is the form used to report payments to individuals not covered by a payroll tax or withholding program. “Contractors” or independent self-employed persons receive this report for their income. Companies must send a W2 to employees on the...
Recent Comments