Did you ever look for information online and just get frustrated on where to go and what to look for? There are so many reference blogs and sites on the Web that it can be overwhelming for a small business owner like yourself. Lucky for you, here are my favorite reference websites. Reference Websites for small businesses startups IRS.gov for updated information on tax and payroll information. Yes, I know, you may be thinking that the IRS site is too complicated to use. It has gotten a … [Read more...]
Small Business Bookkeeping Tips Archive Page
Welcome to our Small Business Bookkeeping Tips archive page to help you and your business streamline processes. Read the archive posts for bookkeeping tips to use in your business.
7 Ways to Speed Up Bookkeeping Tasks for Startup Solopreneurs
As startup solopreneurs, there are many tasks need completing in the new business. A lot of the to-dos are bookkeeping related, and not everyone loves to do bookkeeping tasks. But, if you don't set up a proper system now, you will most likely regret it later. So, lucky for you, I created a list of 7 ways to speed up your bookkeeping tasks. Do only a few at a time to help you speed up the process. Quick Steps to Speed Up Your Bookkeeping Tasks Make a list of all the bills you can schedule … [Read more...]
3 Important Things You Need To Know About Data Entry
I have offered bookkeeping services for about 10 years now and there are 3 important things you need to know about data entry when venturing into your new small business. You can get into real trouble if you don't have your bookkeeping in order. Here we go. ALWAYS start your business with a good bookkeeping application and process! Whether it is QuickBooks Pro, QuickBooks Online, Quicken, or any other software or online service, the application needs to be established. Spreadsheets are OK if … [Read more...]
Easy Ways to Track Mileage for Your Small Business
Whether you are tracking your small business mileage for tax purposes or tracking mileage to bill clients, it is important to keep good records. It's really frustrating and stressful at the end of the year, you are missing information because you didn't track it properly or consistently. Then, you have to run around tracking down all the information that should have been tracked all along. I know we have all been there. But, this year, let's vow to keep our mileage tracking more accurate by … [Read more...]
9 Ways To Market Your Business On a Budget
These days, a small business needs to be in front of people more frequently than ever before. There are so many distractions that may take the potential customer away from you. Though, as small business owners, we need to have strategies in place to be able to consistently market our small businesses on a regular basis with little money when necessary. Here are nine(9) tips to stay on budget while doing small business marketing. Write regular blog posts on your websites. Research other … [Read more...]
A Complete Guide to Home Office and Business Deductions
As a small business owner, you probably have lots of deductions for your business. But are you taking all the deductions? There are probably deductions you don't want to make because 1. you don't have the paperwork to support it or 2. You have paperwork, but it's so disorganized that you just don't have the time to sort them. To make your life a little easier this time of year, I created this post with business deductions tips to make this process simpler to manage. First, use a software like … [Read more...]
Easy Tips For Small Business Owners Retirement Plans
If you think you can't save for retirement because you are self-employed think again. Recently, there was a BMO Wealth Management study that surveyed 400 small business owners, and the results were eye-opening. When asked how much they have saved for retirement, 75% of them said less than $100,000. But, this doesn't have to be this way. My goal here is to introduce you to the type of accounts and what is available so you can be more informed and be able to ask questions … [Read more...]
Tips On How Long I Should Keep Business Records
How long do you keep your business files? Do you keep them forever or do you get rid of them after a certain length of time? Keeping files for a business is different from keeping your personal files. There are many different types of files that need to be kept at different lengths of time. Over the years small business owners have asked me these questions. To be honest, the IRS doesn't have a clear, across the board answer to this question so here is what I suggest. If you wish to visit the … [Read more...]
Make Bookkeeping A Priority
I work with plenty of small business owners that feel bookkeeping frustrates them. They don't want to do it. They don't even understand the importance of it. I'm here to tell you that it is important and it most is done properly to be effective. Make Bookkeeping A Priority First, you will need to understand the benefits of having an efficient bookkeeping system: Making sure your cash flow has a system. By using a budget and tracking specific transactions over time will get you see areas that … [Read more...]
