Treasury stopped minting pennies in 2026. Washington and other states now have cash-rounding rules. What businesses that take cash need to do.
Small Business Trends just ranked the top bookkeeping software for sole proprietors. Here's what the list gets right, and what software alone can't fix.
Scheduling mistakes cost money. Every time you overstaff a slow shift or scramble to cover a no-show, you’re paying for a problem that software solved years ago. Workforce management software handles the repetitive work of scheduling, time tracking, and labor forecasting so you can focus on running your business instead of building spreadsheets. What Is...
Running a winery means your money is tied up in barrels for years before you see a dime of revenue. The grapes you crushed last fall won’t generate income until 2027—but the bills for labor, barrels, and storage keep arriving every month. Winery bookkeeping tracks inventory through production stages, calculates true cost per bottle, and...
Travel nursing comes with a unique tax situation: part of your income is taxable, and part can be tax-free, but only if you follow IRS rules carefully. Get it wrong, and you could owe thousands more than expected. This guide covers how travel nurse taxes work, what qualifies as a tax home, the 12-month rule,...
Picking the wrong accounting software costs more than just money—switching mid-year means migrating data, retraining staff, and rebuilding reports. With dozens of cloud accounting platforms competing for your business, the decision deserves more than a quick Google search. This guide compares the top cloud accounting software options for 2026 so you can make an informed...
Running a laundromat means dealing with quarters, cash collections, and utility bills that would make most business owners’ heads spin. Cash-heavy businesses like laundromats face higher IRS audit scrutiny, which makes accurate record-keeping more than just good practice. This guide covers everything from choosing the right accounting method to setting up your chart of accounts,...
Many solopreneurs manage finances on their own to save money, but is DIY accounting always the best choice? This leads to a critical comparison of bookkeeper vs. DIY accounting for solopreneurs. Time versus cost. The time you spend bookkeeping is time not spent on billable work. If hiring a bookkeeper frees up hours you can...
Freelancers love the freedom to set their own hours, but many struggle with accounting. Here are five common mistakes and simple solutions: Mixing personal and business funds. Opening a separate business bank account makes it easier to track income and expenses and simplifies tax filing. Ignoring receipts. Keep digital copies of every expense, no matter...
Non‑profits often work with tight budgets and multiple funding sources. Keeping track of donations and grants can be challenging. QuickBooks Online (QBO) offers tools to simplify nonprofit accounting. Set up your chart of accounts. Start by creating categories that reflect your programs and funding sources. For example, separate income accounts for donations, grants and membership...
Running a small business in Seattle means juggling sales, customer service and paperwork. When the year is ending, it’s easy to feel overwhelmed by tax prep. This checklist is a step‑by‑step guide to help you close your books and get ready for tax season. Reconcile every account. Start by matching your bank and credit‑card statements...
A former bookkeeper at Highgate Medical Group in Amherst recently pleaded guilty to embezzling over $1.8 million from the medical practice, highlighting the critical importance of proper financial oversight and professional bookkeeping services for small businesses. This incident raises alarms about the vulnerability of companies to internal fraud, emphasizing the necessity for robust financial protocols...
When facing QuickBooks Online accrual basis cleanup with numerous outstanding checks, start by creating a comprehensive list of all uncleared transactions, use systematic color-coding or sorting methods to track timing differences, and focus on matching transaction dates to when expenses were actually incurred rather than when checks were cashed. The key is understanding that in accrual...
A seasoned CFO recently shared his frustration: His company had chosen an S-Corp structure to save on taxes, only to find itself trapped in a rigid system that still left them overpaying. “We split profits evenly at around $80k each, but the ‘reasonable salary’ requirements eat into our flexibility,” he explained. This story isn’t unique—it’s...
As a business owner, payroll tax compliance can feel like navigating a maze blindfolded. One wrong turn—like mismatching your Form W-3 and tax return—could lead to IRS penalties, delayed refunds, or even an audit. If you’re wondering, “What line on the W-3 for wages has to match the tax return? Is it Box 5?” you’re not alone....