The IRS Business Tax Account got new Summer 2026 features: EIN verification letters, digital notices, and payments. Why small businesses should use it.
(425) 465-8239
contact@centsiq.com
NewsJuly 15, 2026
The Penny Is Going Away — Here’s How Your Cash Register (and Your Sales Tax) Should Handle It
Treasury stopped minting pennies in 2026. Washington and other states now have cash-rounding rules. What businesses that take cash need to do.
The IRS is replacing First-Time Abate with automatic penalty relief for businesses with a clean 3-year filing history. Here's how it works.
NewsJuly 3, 2026
The New Crop of Bookkeeping Software for Sole Proprietors — and Where It Still Falls Short
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.
Industry-Specific BookkeepingFebruary 27, 2026
Winery Bookkeeping: Complete Guide to Accounting for Wineries
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...
Bookkeeping FundamentalsFebruary 27, 2026
Travel Nurse Taxes: Complete Guide to Stipends, Tax Homes, and Multi-State Filing
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,...
Running a business is expensive enough without paying $30 or more each month just to track where your money goes. Free bookkeeping software handles the basics—expense tracking, invoicing, and financial reports—without the subscription fees, which makes it a practical starting point for small businesses watching their overhead. The catch is that “free” doesn’t mean “all...
Bookkeeping FundamentalsAugust 5, 2025
How to choose between cash and accrual accounting for your restaurant
Restaurant owners have to make countless decisions, from menu creation to staffing. One choice that often gets overlooked is which accounting method to use. Cash and accrual accounting each have pros and cons, and the right fit depends on your restaurant’s size and goals, including the decision of using accrual accounting for your restaurant. Cash...
Bookkeeping FundamentalsJuly 30, 2025
Top five bookkeeping mistakes freelancers make and how to avoid them
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...
QuickBooks Online ExpertiseJuly 29, 2025
How to use QuickBooks Online: a guide for non‑profits in Portland and Seattle
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...
Local Business ResourcesJuly 29, 2025
Seattle small‑business bookkeeping checklist for 2025 year‑end taxes
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...
QuickBooks Online ExpertiseJune 28, 2025
Mastering QuickBooks Online Accrual Basis Cleanup: A Professional Guide to Bank Reconciliation Challenges
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...
QuickBooks Online (QBO) users are primarily frustrated with the forced subscription model, significant price increases, performance issues, and feature limitations compared to Desktop versions. Many users report a 400-600% cost increase while experiencing reduced functionality. Solutions include exploring alternatives like Xero or Zoho Books, working with Certified ProAdvisors, and implementing specific workarounds for missing features....
Small Business Financial ManagementApril 1, 2025
S Corp Tax Benefits: Maximizing Savings While Understanding the Trade-offs
Are you considering filing as an S Corporation to save on taxes? While the potential tax savings can be significant, it’s important to understand both the benefits and the hidden costs before making this decision for your business. The Alluring Tax Benefits of S Corporations “File as an S Corp! You can save SO MUCH...