As a business owner, you likely already have a few purposes for using crypto wallets. You may use them to store payments from customers, as a way to store and transfer company funds, or to manage employee payroll. But did you know that some crypto wallets will make your business’ accounting easier down the road? … Read more
As a serious, profitable artist and entrepreneur, you know that it’s essential to keep track of your finances. But this can be tricky to do, especially if you’re not used to dealing with numbers. Not to mention, doing your own accounting can be intimidating when you’re not familiar with what all is involved. Below, I’ll … Read more
You’ve probably used Venmo to split a dinner bill with friends or pay rent, but did you know that you can also use it to manage your small business payments and receive your tax refund? When it comes to your tax refund, you have several options for receiving it. One option is to have the … Read more
It’s no secret that cryptocurrencies have been a hot topic in the news lately. So, what do people mean when they talk about “cryptocurrency”? Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, or not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, … Read more
In the past few months, there has been a lot of talk about how the IRS will treat payment apps like Venmo and CashApp. Unfortunately, there has also been plenty of misunderstanding and intentional misinformation spread about the changes to the tax code impacting payments made with those apps. Understandably, a lot of entrepreneurs have … Read more
Choosing an accounting and bookkeeping firm for your small business is an important step. The right accounting firm can protect and improve your business. Whoever you choose can be your partner in all things money, from payroll and cash receipts to sales tax and internal audits. So how do you know when you’ve found the … Read more
Hiring staff – whether salaried or contracted – is a huge growth moment for a business owner. Not only does it prove your business’ resilience (you can afford to pay your overhead, yourself, and someone else!) it also signals your enterprise’s maturity. However, every hiring decision can be a make it or break it decision, … Read more
Recently, changes were made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can receive it even if you don’t owe the IRS) May be … Read more
Missing deadlines happens. Even for responsible business owners. However, some deadlines missed – those issued by the IRS for example – can cost you greater than others. That’s where a handy dandy business tax extension will improve both your status with the IRS and how much you owe in penalty payments. Are there times when … Read more
We have finally reached the end of an extremely challenging year for everyone on the planet. So now, what do you need to know to make sure that your business is ready to go into the new year ready to live its best life? Here are some valuable tidbits to help you plan your accounts, … Read more
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