Will Technology Replace Accountants?
While technology is changing the industry, it's actually creating more opportunities for accountants and bookkeepers to use their unique skills to help small businesses thrive. One way technology is helping accountants is by automating tedious manual tasks like data entry, freeing up time for more important...
FREELANCE MOVEMENT COMES WITH TAX AND BOOKKEEPING CHALLENGES
If it seems like more and more employees are turning to freelance work these days, you're not imagining things. According to one recent study, there are currently 73.3 million freelancers in the United States alone. The fast-paced mobile era that we're now living in, coupled...
The Future of Your Bookkeeping: Emerging Technologies and Trends to Watch Out For…
I am constantly on the lookout for emerging technologies and trends that could shape the future of the industry. In recent years, there have been significant advancements in technology that are revolutionizing the way bookkeeping is done. Let's talk about some key technologies and trends...
What Can AI DO For My Small Business?
Artificial intelligence (AI) is revolutionizing the way businesses operate across various industries. Small business owners can particularly benefit from using AI technology to increase their client conversion rates. In this post, let's explore some ways that AI can help small business owners convert clients. Personalized Customer...
What You Need to Know About Deducting Medical and Dental Expenses
If you, your spouse, or dependents had significant medical or dental costs in 2023, you may be able to deduct those expenses when you file your tax return this year. Here's what you need to know about medical and dental expenses and other benefits:💲 You Must...
5 Top Challenges Small Business Owners Face in 2023
Small businesses have always faced unique challenges, but in 2023, the landscape is changing rapidly. As a result, small business owners are facing new and evolving challenges that will require flexibility and adaptability. The following are the top challenges our small business owners face in...
20 MOST USEFUL TAX QUESTIONS ANSWERED
Navigating the labyrinth of tax terminology can be daunting, especially when tax season rolls around. As a small business owner or an individual filer, you might find yourself grappling with questions like, "What exactly is my filing status?" or "How do tax credits and deductions...
DO YOU KNOW THE INDIVIDUAL TAX CHANGES FOR 2023?
Article Highlights: Required Minimum Distributions (RMD) Excess Accumulation Penalty Military Spouse Retirement Plan Participation Clean Vehicle Credit Credit For Previously Owned Clean Vehicles Early Distribution Penalty Exceptions Credit For Energy Efficient Home Modifications Home Solar Energy Credit Credit For Small Employer Pension Plan Startup Costs Nanny Retirement Contributions Qualified Charitable Distributions Two recently passed pieces of tax...
The Truth Behind Commonly Asked Tax Questions
Article Highlights: What is Filing Status? When is One Required To File? What is AGI? Which is Better, Itemized Deductions or the Standard Deduction? What is a Tax Write-Off? How is Taxable Income Determined? What is the Difference Between the Graduated Tax Rates and the Tax Brackets? What is a Tax Credit? Which is...
Here’s The Truth About Bookkeeping
If you had to make a list of all the things that most business owners hate, taking care of accounting and other financial matters is probably right at the top. Yet at the same time, a lot of those same business owners are struggling. Maybe...