Author: Ben Szweda
July 30, 2021
Small Businesses and Estimated Taxes in 2021
You may have heard about a recent tax deadline or about estimated taxes payment and weren’t quite sure if this applied to you or not. In this blog, we’ll explore who this pertains to and how to go about making payments. What are Estimated Taxes Estimated income taxes are just that - estimates of […]
July 29, 2021
Tips on How to Utilize Small Business Credit Cards Properly (2021)
As a small business owner, if you plan to tap credit, you need a small business credit card dedicated for business use only. There are many different credit cards that small business owners can use. However, if you want to maximize your savings, find a card with a good cashback rate or rewards focused on […]
July 10, 2021
How to Perform Interim Financial Statement Check-up
Mid-year is an excellent time for a check-up of your accounting records. Reviewing your finances can help you stay on top of potential red flags before they become a problem. This is also good to do before you consult your tax accountant about potential estimated tax responsibility. Review your balance sheet Most business […]
July 10, 2021
Simple Tips to Maintain Good Record Keeping in The Office
Are you an office manager, intern, or other non-accountant professional responsible for bookkeeping in your company? There are many things to keep track of while managing your company's books, which can often seem complicated. However, there are simple record keeping best practices you can follow to ensure you maintain good record keeping in the office. […]
July 1, 2021
Why Do Credit Scores Matter and How to Fix Them
Everyone knows the importance of good credit scores when it comes to personal finance. A low credit score can raise your interest rate on a home mortgage, and for some people, can even prevent you from being eligible for a mortgage at all. Unfortunately, as many small business owners have found, a low credit score can […]
May 14, 2021
Reader Question: How Do Business Owners Pay Themselves
Reader question: "When should I start to pay for my time as a bookkeeper or my husband’s time as a tech? We have a full-time tech, but sometimes one of us needs to help out. Is there a way to account for the payment without actually taking pay? Trying to keep money in business." Marsha […]
May 3, 2021
App Review: Stripe|PayPal|Square Sync - Business Payments by CloudBusiness
Stripe is a robust and developer-friendly software platform for handling online customer payments. While the software is customizable Stripe itself did not create a sync feature with QuickBooks Online. That is where my current favorite app comes into play. “Stripe|PayPal|Square sync - Business Payments” is an app created by CloudBusiness. This app provides an easy […]
April 15, 2021
Account Reconciliation
Why They Matter, and How to do them in QuickBooks Online Account reconciliation is a basic, if not mundane, task to complete in QBO. However, it is vitally important. It’s so important that Szweda Consulting will not do a business tax return without first checking to ensure that the business’ cash accounts have been reconciled. […]
March 31, 2021
Tax Time Preparedness: Individuals
Whether you are a new or returning client, or just searching the Internet for helpful advice, here are the initial items that all clients will need to provide in order to have their individual taxes done. There may be other items specific to your tax situation, but this is a good starting list to cut […]
January 28, 2021
QuickBooks How To: Customer Pays Your Vendor
It's not a frequent occurrence, but it's happened to me three times in the past year among my various clients. The scenario is my client has an open invoice and an open bill recorded in their QuickBooks. My client's customer, instead of paying my client directly instead sends the payment to my client's vendor. So […]
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