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How Many Bank Accounts Should I Have for my Business?
The beauty of modern accounting is that physical separation isn't always necessary for financial clarity.

Rusty Hodgkin
Jun 133 min read
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PayPal for Business, Pros and Cons
In this article we’ll take a look at the benefits and draw backs to using PayPal for business.

Rusty Hodgkin
Oct 1, 20244 min read
30 views
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Separating Business and Personal Finances, Is it Really Necessary?
In this article we’ll explore the benefits of segregating business expenses from personal ones and discuss whether it's a worthwhile practic

Rusty Hodgkin
Sep 24, 20244 min read
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What is Tax Planning and How Can It Save Me Money?
Tax planning is a subject on which many business owners do not have a full grasp. In this article we will explore what tax planning is,...

Rusty Hodgkin
Aug 21, 20233 min read
95 views
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Choosing the Right Accounting Software for your Business
Choosing the right accounting software for your business is an important decision. The right software can help you save time, automate...

Rusty Hodgkin
Mar 27, 20233 min read
42 views
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How Detailed Should My Chart of Accounts Be?
Should you put all advertising under advertising? Should you have separate categories for social media ads vs. direct marketing? Or...

Rusty Hodgkin
Mar 9, 20235 min read
125 views
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How To Read Your Profit & Loss Report
There are 3 major reports used to determine the financial health of a business. This article will take an in-depth look at one of them. A...

Rusty Hodgkin
Jul 19, 20224 min read
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Bookkeeping: In-House or Outsource?
If you are like many business owners, you're wondered if you should keep your company's bookkeeping in-house or hire...

Rusty Hodgkin
Jun 10, 20226 min read
59 views
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Cash Basis Accounting Vs. Accrual
What is the difference between Cash and Accrual basis accounting? Does one provide more benefits than the other?

Rusty Hodgkin
Feb 9, 20223 min read
96 views
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The Skinny on Sales Tax
Is your business obligated to collect sales tax? Is the product or service you’re offering even subject to sales tax? In which states are...

Rusty Hodgkin
Jan 19, 20224 min read
83 views
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Should I Save All My Business Receipts?
Many small business owners wonder if keeping that shoe box or accordion file is really necessary. If you’re wondering too, you’re not...

Rusty Hodgkin
Jan 13, 20223 min read
99 views
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What is a Journal Entry?
You may have heard this term thrown around by your accountant or your bookkeeper from time to time, but what is a Journal Entry and why...

Rusty Hodgkin
Dec 10, 20212 min read
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W-2, W-4, W-9 – Which is for What?
Tax forms can be confusing but as an employer you’re expected to know everything. Here are a few quick tips to help you keep some of...

Rusty Hodgkin
Dec 8, 20213 min read
134 views
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Employee Vs. Independent Contractor
For many employers the line between employees and independent contractors can get blurry. Are there clear-cut rules to delineate? Does...

Rusty Hodgkin
Oct 13, 20213 min read
124 views
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What Does a Bookkeeper Do?
All bookkeepers are not created equal. A common misconception regarding bookkeepers is that they all offer the same services. Another one...

Rusty Hodgkin
Jun 9, 20213 min read
103 views
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The Truth of a Transaction: How to Resolve a Confusion in Your Business Finances
It can be a challenge to sort out a confusion, especially when it pertains to your finances. We’ve all asked ourselves at one time or...

Rusty Hodgkin
May 26, 20213 min read
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Expense Vs. Depreciation
What types of business purchases should you expense and which one should be depreciated? What is the difference between expensing and...

Rusty Hodgkin
May 14, 20213 min read
357 views
0 comments


Do I Need a CPA for That?
There are certain things only a CPA can help you with and there are other, related things you can use a bookkeeper for. How do you know...

Rusty Hodgkin
May 14, 20214 min read
119 views
1 comment
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