Why I Don’t Want to See Miscellaneous on Your Financials
Written on March 12, 2012 at 8:31 pm, by monique
It’s not that I have anything against Miscellaneous. My life so far has been a collection of Miscellany. However, it’s not a tax deductible expense. Look, I’ve seen a lot of tax returns. And nowhere on a tax return is there a line item for Miscellaneous. Or Uncategorized Expenses, the default QB account. It doesn’t [...]
Preparing for Year End: Things To Do
Written on December 15, 2011 at 8:04 pm, by monique
Year end is approaching fast, so make sure you’re reconciled!
Preparing for Year End: The 1099 Situation
Written on November 23, 2011 at 2:40 am, by monique
I don’t know about you, but the end of the year always gets here before I’m ready for it. And whether we’re ready or not, it will be here anyway, so I try to prepare in December, if not sooner, so I at least have a chance at starting 2012 at an advantage. 1099’s are [...]
Do you need a bookkeeper?
Written on November 11, 2011 at 1:09 am, by monique
If your business has grown enough that you’re pulling your hair out trying to do your own books, you may be wondering what your next step is. There comes a time when you realize that by doing it all yourself, you’re shortchanging your business by not devoting yourself to what you do best. But before [...]
Meals and Entertainment
Written on November 11, 2011 at 1:08 am, by monique
Isn’t it cool that we can take meals and entertainment as a business expense? I mean, it’s like getting paid to eat! Running your own business has so many tax advantages! Alas, this isn’t really one of them. People often think it is, but that would be wishful thinking. There are times when meals are [...]