What We’re Seeing with PPP Loan Forgiveness
For all the businesses that received PPP funds, and an EIDL Advance this year, we are seeing many ways to handle this revenue. We have been booking everything as a current liability. Then, as they are
Continue reading7 Business Tax Deductions That Might Surprise You
Since we are wholeheartedly barrelling toward the end of 2020 and the start of 2021, it’s time to think about taxes. When you own a small business, it can feel as if taxes have only one purpose: to rapidly
Continue readingDo I Need to Follow GAAP Rules for My Small Business?
Reliable and transparent bookkeeping and accounting practices are crucial for any size of business. But for small business owners trying to do it alone, all of the terminologies can be confusing. And in
Continue readingWhy and When Do You Need Outsourced Bookkeeping Services?
As a small business owner, if you are handling all of your company’s money flow, you may start feeling overwhelmed. Even with robust systems in place, your business bookkeeping needs can outgrow
Continue readingTime to Prep a Soft Close for Your Bookkeeping Records
For many businesses, 2020 has felt like it’s lasted eight years already. But we’re officially in the home stretch now as we approach the final quarter. September is the perfect time to prepare a soft
Continue readingGetting SBA Money in Response to COVID-19
SBA Economic Injury Disaster Loan (EIDL) (you know it’s true government when there are loads of acronyms, amiright?) Overview This program is a loan directly from the US Department of the Treasury,
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