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If you claim the depreciation of company vehicles as a tax write-off, beware. Tax laws regarding vehicle depreciation have changed drastically. Many business owners have dedicated company vehicles. This has historically been a good decision because it streamlines the...
If you are working with multiple credit cards that have one parent account, here is a setup option to make things much easier and cleaner for reconciliations. Steps: Open chart of accounts Create a parent credit card account Create a sub credit card account called...
The easiest way for a beginner to learn QuickBooks desktop is tips and tricks on YouTube. There are 1000’s of videos and we picked out the top 5 that we like. The basics of accounting by Lynda.com is a great primer for the small business owner who is not a trained...
Have a Gmail account? As a business owner, keeping everything organized can be challenging. Thankfully Google has dozens of options to help make staying organized much easier. Here are a few different tools that I find very helpful. Google Drive – Did you know...
Gas for my daily car trips to work? Parking ticket? A taxi to grandma’s house? Many small business owners do not realize that sometimes what they think is a business expense, is not. The mileage or gas cost of commuting to and from work is not, unless you make...