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A job can look profitable in your accounting records and still produce less profit than expected when the project is complete. Missing labor hours, incorrectly assigned materials, delayed subcontractor bills,…

Payroll is a critical part of running a business, but managing it internally can quickly become time-consuming as a company grows. Calculating wages, processing deductions, managing payroll taxes, maintaining employee…

Hiring an in-house bookkeeper can seem like the obvious choice for a small business. You have someone on payroll who knows your accounts, handles reconciliations, records transactions, and keeps your…

Doing your own taxes can feel like the obvious way to save money. Tax software has made filing easier by guiding taxpayers through forms, performing calculations, and checking for some…

Outstanding accounts receivable can devastate a small business, even when the company’s sales are otherwise healthy. After all, the cash hasn’t actually been received and is still owed by your…

Bookkeeping is the lifeline of any small business, but it’s not the only thing on your to-do list. Running a business, dealing with customers and their needs, working with staff…

Finding a mistake after filing your tax return can be stressful. Many taxpayers worry that one wrong number or missing form will create bigger problems with the IRS.  The good…

Starting a nonprofit does not automatically make your organization tax-exempt. To receive official recognition from the IRS as a 501(c)(3) organization, most charitable organizations must submit IRS Form 1023 —…