We’re seven years beyond the date we were ‘promised’ flying cars, hoverboards, and strange extra-long-sleeve shirts from Marty McFly’s trip in Back to the Future. While the whole flying-car idea might be reserved only for Sci-Fi films, we at least have stumbled into a world where invoicing for small-businesses is quick, easy, and user-friendly.
Continue reading...Bookkeeping
How Do I Avoid an Audit?
Ah, the age-old question. Perhaps nearly as old as time itself, or at least, as old as the IRS. By the way, Abe Lincoln formed the IRS in the middle of the Civil War – 1862 to be exact.
What better way to knock your opponents into submission than instill a new method to track their profits and tax them accordingly? Okay, I’ll spare you the diatribe against “the man,” and hone in on why you’re here – to avoid an IRS audit!
Avoiding an audit isn’t an exact science – it involves managing risks
Continue reading...Quickbooks Review – Worth It?
Ah, Quickbooks – the crème de la crème, the final frontier, the seemingly only product out there for small-business owners, right?
Well, that’s at least what Intuit would like you to believe.
The truth is, there are a number of comparable products out there, with their own quirks, enhancements, and pitfalls when it comes to small-business bookkeeping.
Continue reading...LLC vs. Sole Proprietorship
It’s finally that time to decide on how you want to setup your business. Maybe this is your first rodeo, or maybe you’re a seasoned “sole prop” veteran who’s wondering what the real benefits would be to starting (or transitioning to) a Limited Liability Company.
First off, let’s break down that name: What does it mean to be “Limited Liability” ?
LLC’s have one real, solid benefit: Their debt is NOT your debt
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