What is Multi Factor Authentication? Bank feeds (also known as extractors) are what connect banks to various accounting platforms. These data exchanges provide accountants, lenders, as well as other applications within the financial technology (Fin Tech) sector with valuable consumer information. But what protects your personal data from falling into the wrong hands? Multi Factor Authentication. [...]
Among all the decisions and actions a small business may need to take before the end of the year, one of the more important is deciding whether to incorporate or form an LLC. Here’s a great guide to help your clients decide if it’s time to incorporate or form an LLC. January 1 is the most [...]
Form 1099-MISC is the most common tax form used to submit information for income paid to independent contractors. Failure to file this form can result in significant fines from the Internal Revenue Service (IRS). To determine whether you need to file a 1099 form, there are a number of questions to ask about the relationship [...]
It’s hard to believe that the holiday season is already upon us and the year will be coming to a close soon! Now is a great time to make some end of season tax moves to help lower your tax bill and increase your tax refund come tax time. Once the year ends, so do most [...]
Deducting the cost of meals at restaurants is one of the more delicious parts of running a business. But as a bookkeeping services provider for many small businesses, I get a lot of questions about how to go about deducting these expenses in the proper way. Generally speaking, you can deduct 50% of the cost [...]
Bookkeepers are an integral part of any business - they can either make or break your business. Making sure you take the time to hire the right person for the role is crucial. So how do you achieve this? Here are five things to look for when hiring the right business bookkeeper. 1. Organized, process [...]
Most everyone is guilty of these three common bookkeeping mistakes. Being you're own bookkeeper can be tough. Business financials are a source of stress to many, but they don't need to be. If you face your books with the same determination you face your competition, you will be in great shape! 1. Not [...]