Tag: Blog Post
January 2, 2021
Top Mistakes Cleveland Business Owners make on their Taxes
Top Mistakes Cleveland Business Owners make on their Taxes Business taxes can be incredibly complicated, and mistakes on your tax return can lead to potential issues with the Internal Revenue Service (IRS) or even worse, unnecessarily inflate your tax liability. Wondering if you’re completing your tax return correctly? To get an idea of how accurate […]
January 2, 2021
What You Need to Know About Picking The Best Cleveland Accountant
What You Need to Know About Picking The Best Cleveland Accountant Everyone wants the best accountant. But how can you determine which of the accounting firms in Cleveland actually have the best accountant or the best bookkeeper? As with many professional services, it’s all about doing your research. Here’s what you need to know. Make […]
January 2, 2021
Who Gets Tax Notices and Correspondence?
Who Gets Tax Notices and Correspondence? Tax notices only go to, you, the client. Even if an accountant e-filed your return and even if the “may discuss this return with preparer” box was ticked, notices only go to you. Similarly, with payroll. Even if you have a payroll company or an accountant processing payroll for […]
January 2, 2021
Top 5 Benefits of Outsourcing in 2021
Top 5 Benefits of Outsourcing in 2021 Covid-19 may be to blame for speeding up the outsourcing trend, but the transition to a non-traditional workforce had begun well before the onset of this virus. First, it became common for the employee sitting next to you at work to have been with the company for only […]
January 2, 2021
Tax Write Off Guide for Home Office Deductions & Expenses
Tax Write Off Guide for Home Office Deductions & Expenses If you run a business out of your home, you can attempt to reduce the amount of self-employment tax you’ll pay by calculating the business use of your home. As long as you’ve had a net profit on your business, you can take advantage of […]
January 2, 2021
How To Record Multiple Income Types in QuickBooks
How To Record Multiple Income Types in QuickBooks It’s important to properly record multiple income types in QuickBooks correctly. The P&L (Profit/Loss Statement) often grows longer than necessary because clients do not realize there are other ways to see detail on customers and income types, but rest assured there are. The income section of the […]
January 2, 2021
Top 5 Reasons Every Business Needs an Accountant
Top 5 Reasons Every Business Needs an Accountant Whether you have a just-opened single owner sole proprietorship or a family business that has been passed down for generations, having access to professional accounting services and advice can add significant value to your business. From saving you time and money to partnering with you to help […]
January 2, 2021
QuickBooks – What Account Type To Select?
QuickBooks – What Account Type To Select? Cost of Goods Sold? Expense? Other Expense? How to Choose. When creating new accounts in QuickBooks Online you are faced with a decision – what Account Type to select. Sometimes the decision is obvious, but for many transactions there can appear to be more than one correct answer. […]
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