Managing Payroll for a Remote Workforce: Tom’s Challenge Imagine you’re Tom, the only payroll administrator in a company that has gone fully remote. Your employer has adopted an “anyone, anywhere” hiring policy, allowing employees to live and work wherever they want. Sounds great, right? But now you’re grappling with payroll registrations across 15 different states,...
Why Payroll software providers like Gusto Don't Mark Final Returns
We'll guide you on how to customize your chart of accounts to get the most out of your freelance accounting software.
9 cannabis business ideas to open next to a cannabis retail store: Food-related businesses Includes bakeries, pizza shops, taco trucks, cereal bars, and munchies spots. Why this cannabis business idea is hot: Food businesses are a natural fit for cannabis retail, capitalizing on the well-known “munchies” effect. The synergy between cannabis and food is undeniable,...
Small business tax deduction mistakes. What not to deduct on taxes
Discover the pros and cons of using transaction date vs. posted date in accounting. Learn best practices for consistent record-keeping and how to handle various scenarios.
Why Seller's Discretionary Earnings (SDE) is Used Over EBITDA
5 Steps You Don't Want To Miss when Buying a Cash Business
So, you’ve taken the plunge into the bustling world of Amazon selling. Congrats! But now comes the not-so-glamorous part—keeping track of your finances. If the thought of manually reconciling sales data sends shivers down your spine, you’re not alone. Integrating Amazon accounting software can feel like navigating a maze without a map. But fear not!...
A comprehensive Quality of Earnings (QoE) report is essential when considering the purchase of a temporary staffing agency, as it provides a detailed analysis of the company's financial performance and sustainability.
Problem: You’re using FreshBooks to track time and expenses, and you want to invoice your clients without showing them every linked expense and vendor. Instead, you want to present a clean invoice that summarizes labor and materials costs. The good news? You can absolutely do this in FreshBooks by customizing your invoices. Simplify Your Invoicing...
The Challenges of Small Business Bookkeeping: Why You Can’t Afford to Get it Wrong Starting your own business is an exciting adventure, but keeping your books in order is often a daunting task. Many entrepreneurs are tempted to handle bookkeeping on their own to save money. However, without a strong grasp of accounting principles, this approach can lead to serious financial mistakes.
Proper bookkeeping is the foundation of your small business's financial health, and avoiding common mistakes like mixing personal and business finances, neglecting regular account reconciliation, and failing to use accounting software can save you from costly errors and set your business up for long-term success.
The Bookkeeping Bonanza: A Comedy of Errors
What are the tax deductions for LLC ? By maintaining clean, accurate books year-round, you'll be in the best position to take advantage of every possible tax deduction
CentsIQ is a bookkeeping and financial services provider. We serve businesses in Seattle WA (Bellevue, Redmond, Kirkland, Renton, Kent, Maple Valley, Covington) , Portland OR, Memphis TN and beyond.
