Small Business Accounting

Why Keep Receipts?

In business, it is important to have good records.  However, in the day-to-day dealings of running a business, some smaller things, like receipts for expenses, seem to move to the...
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Personal Use of Company Vehicles

If your employees are driving a company-owned vehicle, it is important that they keep detailed records of the miles driven for business and those driven for personal use. The breakdown...
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Selecting the Best CPA for your Business

Business owners are pulled in multiple directions every day.  Therefore, it is important to invest the time and energy into finding the right advisors to help you on your journey. ...
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Understanding Accrual vs. Cash Accounting

At least once per year, if not any other time, you’ll get asked whether or not you operate your business using accrual or cash-basis accounting.  Since this question typically arises...
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Employee vs. Contractor:Control and Relationship

Sometimes in small business, the idea of paying those who work for you as contractors sounds ideal.  But, how does a business owner know to correctly classify a worker as...
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1099s: Tips & Tricks

1099s are due January 31st - have yours been sent? If you have, have you sent them to all vendors and service providers who need one?  You might think that...
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New Mileage Rate for 2019!

It's a new year and the IRS has once again updated the mileage rate for 2019. Beginning January 1, 2019, the standard mileage rate increased  from 54.5 cents in 2018...
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