August 3, 2018

Quick summary: Manafort's bookkeeper & tax preparer testify, GAO says one in five people will underwithhold this year, and states rush to address Supreme Court sales tax decision.

On Thursday, the court overseeing Paul Manafort's trial heard from Manafort's bookkeeper a...

August 1, 2018

Being self-employed is many peoples' dream. It allows them to create their own work schedules, choose their customers, and control other elements of their lives that traditional employment does not allow for. Self-employment also presents several unique opportunities a...

August 1, 2018

Whether we like it or not, the world is rapidly changing around us. Technology is advancing at an unprecedented rate, disrupting many establishments, creating opportunity, and generally changing the face of the world. And try as they may, no business owner can continue...

July 28, 2018

On June 21st, 2018, the United States Supreme Court delivered it's ruling on South Dakota vs. Wayfair, Inc . Ruling in favor of South Dakota, the court effectively overturned  the 1992 "Quill Corp vs. North Dakota" case which held that states could not collect sales ta...

July 21, 2018

1) Save Time At Tax Season

A well-maintained set of financials is key to making sure your taxes are done in a timely and accurate fashion. By providing tax prepares with all the correct financials and supporting schedules ahead of time, a bookkeeper reduces, the number...

July 20, 2018

1. More Time to Focus on Clients and Sales

Unless you know the ins and outs of the accounting system, it can be a time consuming task. Processing receipts, vendor invoices, payments, credit card and bank reconciliations, and tracking particular job expenses are all jus...

July 17, 2018

While common law, the Fair Labor Standards Act, and the IRS have each helped define the difference between an employee vs a independent contractor, it is not as easy as you might think and could have some costly consequences to both parties (See “Employee vs. Contracto...

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