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...
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Rusty Hodgkin
- Jun 10, 2022
- 6 min
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...
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Rusty Hodgkin
- Feb 9, 2022
- 3 min
Cash Basis Accounting Vs. Accrual
What is the difference between Cash and Accrual basis accounting? Does one provide more benefits than the other?
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Rusty Hodgkin
- Jan 19, 2022
- 4 min
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...
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Rusty Hodgkin
- Jan 13, 2022
- 3 min
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...
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Rusty Hodgkin
- Dec 10, 2021
- 2 min
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...
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Rusty Hodgkin
- Dec 8, 2021
- 3 min
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...
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Rusty Hodgkin
- Oct 13, 2021
- 3 min
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...
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Rusty Hodgkin
- Jun 9, 2021
- 3 min
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...
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Rusty Hodgkin
- May 26, 2021
- 3 min
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...
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Rusty Hodgkin
- May 14, 2021
- 3 min
Expense Vs. Depreciation
What types of business purchases should you expense and which one should be depreciated? What is the difference between expensing and...
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Rusty Hodgkin
- May 14, 2021
- 4 min
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...
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