Find Out If You Need to File at All
The first thing to understand is that most people don't need to file, ever. The only people who have to file are those with earnings...
Category: Accountant Guides
Put Together Your Net Income
Put together your net income for the year. If you had some big expenses, like a car or a home, be sure to include them.Now...
The Easiest Way to Do Your Taxes Is to Have a Simple Individual Tax Return
A simple individual tax return is one that lists all your income and expenses, but where you don't have to calculate anything. Instead the government...
Manage Your Money Better by Keeping Track of Where It Goes
Keeping track of where your money goes is a useful discipline. Sometimes it will reveal ways to save money; sometimes it will alert you to ways...
Liquidation of a Business Under Common Accounting Methods
Liquidation of a business under common accounting methods involves many arbitrary estimates, judgements and assumptions. If the business is being liquidated by a receiver, an...
Interview Your Accountant
Your accountant is the person most likely to know your business backward and forward. He is also the person least likely to tell you what...
Discuss Outsourcing Vs. In-House Bookkeeping.
I think it is clear that outsourcing bookkeeping is more efficient than doing it in-house. The people who would do the accounting in-house are probably...
Set Up an Easy to Use Bookkeeping System That Will Track Everything You Need
Set up a good, easy to use bookkeeping system. It will eventually pay for itself many times over, and it's a lot easier than trying...
Why You Should Outsource Your Accounting and Administrative Work
A lot of small businesses hire people to handle their payroll and other administrative tasks. I don't think it's a good idea. Most companies that...
How to Strategize an Accounting and Bookkeeping System for Your Small Business
Strategizing an accounting and bookkeeping system for your small business requires a different approach than setting up one for personal use. The complexity of the...