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 […]

Changing your withholding on your W-2s and How to do it.

W-2 withholding. If you aren’t sure what I’m talking about yet or you’ve never had the privilege of filling out a W-4, let me set the scene. – You just started a new job, you walk into HR and the person behind the desk hands you a bunch of legal paperwork to fill out and […]

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 […]

Don’t Fall for an IRS Scam

The IRS issued another warning recently that they do not initiate phone calls with taxpayers to collect tax information or payment. I have always told my clients to call me if they are contacted by the IRS before giving them any information or making a payment. As good as that information is I’m sure that […]

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 […]

What Is The Cloud? Part 2 of 2

WHAT IS THE CLOUD? Part 2 In part 1 of our post on “the cloud”, we discussed what the cloud is how many of us use it already.  Our second part will focus on safety issues and using the cloud for accounting. Is it safe? Security depends solely on how much money the company puts […]

What Is The Cloud? Part 1 of 2

In this first post, we will be discussing – One sentence to answer what the cloud is Elaborated answer on what the cloud is Do you use it already? Our second post will cover – Is it safe? Accounting and the cloud   The cloud in one sentence: The cloud is a server that you […]

TED Talk – The Way We Think About Charity is Dead Wrong

It is “that time” of the year again for most non-profits – budgets.  Creating next fiscal year’s budget is a stressful and difficult task.  What expenses can we increase?  What expenses can we decrease?  Are we going to get federal funding next year?  What about that giant grant we received last year, can we count […]

Wash Sales

When Lucy first saw those black and tan Jimmy Choo heels she knew she needed them.  “They would look so cute with my new purse,” she thought.  Without hesitation, she found her size, whipped out her credit card, and bought them on the spot.  Once Lucy got home, she immediately tried on her new heels.  […]