The Future of Accounting: Info for Individuals and Small-Business Owners

About Me
The Future of Accounting: Info for Individuals and Small-Business Owners

Every year, the tax code seems to change, and in my opinion, as the number of self-employed people or telecommuters continues to grow, the tax code will have to be modified to keep up. Hi, my name is Jen, and as a former business student, I love to ponder things like taxes. Currently, I work part-time at a coffee shop and spend the rest of the time being a proud stay-at-home mum to my little daughters. This blog is a place for me to get back to my intellectual roots while helping others. I hope you enjoy these posts and that they truly help you -- if they do, feel free to share them in any way you like. Best wishes and enjoy!

Why Hiring Bookkeeping Services is a Smart Move for Your Business

5 October 2023
 Categories: , Blog

Running a business isn't all about the big ideas and exciting deals. Sometimes, it's about the nitty-gritty details like bookkeeping. You might be wondering if you should hire bookkeeping services. The reality is no business owner or manager can do it all, and your finances are not something to take lightly. You should consider hiring a bookkeeping professional. Here's why that's a savvy move. Reason 1: They'll Save You Time Read More …

What Are Some of the Most Commonly Missed Tax Deductions?

24 March 2023
 Categories: , Blog

When tax time rolls around, it's important to have your taxes filed properly, even if it can be daunting. However, many taxpayers may overlook some common deductions when filling out their returns which could cost them some hard cash. So, to make sure that you do not fall into this trap, what do you need to bear in mind as you sharpen your pencil? Medical Expenses Medical expenses are one of the most commonly missed deductions when it comes to filing taxes. Read More …

2 Bookkeeping Tasks You Should Outsource

24 August 2022
 Categories: , Blog

When it comes to bookkeeping, there are certain tasks you can easily outsource. By outsourcing these tasks, you can save time and energy and ensure that your books are accurate and up-to-date. Here are two bookkeeping tasks that you should consider outsourcing. Bank Feeds Management A bank feed is a real-time or near real-time stream of transactions that flow into your accounting software directly from your bank account. This data includes all transactions posted to your account on any given day. Read More …

Why Is Your Business Spending So Much on Accounting?

28 February 2022
 Categories: , Blog

On average, most small businesses spend between $1000 and $5000 on accounting. But others have reported spending way higher than that. If you notice that you're spending so much time and money on accounting, the following reasons might be why: You Are Using an Internal Accounting Team Many business owners think that entrusting their accounting operations to in-house teams is an easy way to save a few hundred dollars each month. Read More …

Why Good Accounting Is Key If You Ever Want to Sell Your Business

1 November 2021
 Categories: , Blog

If you want to sell your business as a going concern, you need to do two things. Firstly, you need to ensure that it is in a healthy condition, and secondly, you need to convince somebody to give you what you are looking for. To help you achieve both of these goals, you must ensure that your accounting records and strategies are in order, but what are some of the key factors to think about as you plan your exit? Read More …