Accounting

The Glove Box Guide to Uber/Lyft Tax Deductions

The sharing community has become an industry all its own.  With the introduction of companies such as Uber, Lyft, AirBnB, Turo and many others, Americans can rent and share almost all the conveniences modern life. Uber is a car transportation and food delivery mobile app company started in 2009 by Travis Kalanick and Garrett Camp.  Uber operates in […]

Don’t let late payment happen to your business

As a small business owner, you’ve experienced getting paid late. You are not alone experiencing this key cash flow challenge. 40 percent of invoices are paid late on average of 48 days. 80 percent of small businesses experience the fear of their sustainability when invoices are paid late. Getting paid late slows business growth, reduces […]

Most Important Day to Remember in May!

Here is a list of all of the holidays in May, including one very important day! (Yes these are all real…surprisingly) May 1st: Loyalty Day May 2nd: Scurvy Awareness Day May 3rd: Hug Your Cat Day May 4th: Star Wars Day May 5th: Cinco De Mayo May 6th: National Nurses Day May 9th: National Lost […]

QuickBooks Online – Billing Your Customers for Expenses

Many companies will incur expenses that they need to charge their customer for. In QuickBooks Online this is an easy task. For example, an IT company has recently set up a new server at their client’s office. They purchased the server ahead of time and need to bill the customer for it. When you enter […]

Why Don’t Accountants Have Reality TV Shows?

Random Rant #RR I know you read that headline and said “Dan is completely crazy!  Accountants are boring!”  Well you’re right, I am completely crazy and many accountants are boring.  However, trust me on this – accountants needs to have a reality TV show. What makes a good reality TV show!? Drama Important people (or […]

Why You Need Financial Statements

We’ve all heard that “cash is king” and it is when it comes to running your business. You need to make sure you have enough to pay your payroll and your suppliers. As I mentioned in a previous post, you need to manage your cash to remain a successful business. But, just as important as […]

Who Ever Thought Accounting Could Be Beautiful?

Other than accountants, that is. We at F5 Accounting are on the leading edge of “beautiful accounting”!  We are proud to say that we have recently become one of the first firms locally to become Xero certified consultants. What is Xero and why is it beautiful? We are firm believers in cloud based technology.  In […]