Poor financial management is the number one reason businesses fail. Bookkeeping and accounting are absolutely essential for every business, and in today’s modern world, your bookkeeper and accountant could be on the other side of the country. Virtual bookkeeping is an extremely convenient, cost effective way for small businesses to get their books done. Having […]
Bookkeeping and accounting are two different things, who knew? To most, the two functions appear to be the same profession. Today, we are breaking down the main differences between bookkeeping and accounting. While there are some similarities between the two, you will come to find they are most definitely two separate functions. Let’s start with bookkeeping!
Last year we talked about ways your small business could give back. Now, you have made a commitment as a business owner to give to your favorite cause, organization, or initiative, congratulations because that is awesome! But now that you are actively giving back as a business, you will want to record and write off your charitable contributions. Why you might ask? First off, that’s good practice, and second, tax breaks! We are sharing seven tips and tricks for recording and deducting charitable donations.
Earlier this year, I collaborated with Brittany Griggs, of Simply for Creatives, and Amy Northard the CPA for Creatives to offer The Creative Finance Academy. The Academy was a four month program that offered financial coaching in the areas of bookkeeping basics, taxes, and charging for your products and/or services. We provided a Facebook group, […]
Photo by Jasmine Star from The Rising Tide Summit As a small business owner, you’re awarded the freedom to run your business the way you want. You get to define your priorities, goals, and plans for the future. When you take a step back and look at your business overall, is a desire to give […]
I’ve talked a bit before about how important the team at Steadfast Bookkeeping is to me, and today I want you to get to know some of our MVP’s just a little better! Steadfast has a team of three amazing bookkeepers:: Noel, Sarah, and Jessica. I (Stephanie) oversee and manage each of the client accounts […]
A solid bookkeeping system provides many benefits to your business such as accurate records and reports that lead to the ability to make sound business decisions. Without a bookkeeping system in place you are not able to provide the required information to the IRS about your business nor are you able to get solid financial […]
So, we made it through tax season! How did you do? Anything you hope to improve for 2017? If you found yourself with a giant bill at the end of the year, there may be a way to fix this. A common misstep small business owners make is not paying 1040-ES quarterly estimated income tax. […]
Once just a niche for comedy and tech nerds, podcasts are getting more and more popular and mainstream. With the success of Serial, This American Life, S-Town, and interview shows with hosts like comedian Marc Maron, Ana Faris, and Alec Baldwin, they’ve definitely found their place as a treadmill or road trip staple when you’re […]
When you’re a small business owner, it might seem like every day is packed to the brim with tasks. It’s never ending, right? I know it’s tough to carve out time for your bookkeeping, but if you let it pile up, it will take so much longer to straighten out. Here are five 10 minute […]