Value pricing is a hot topic in the consulting world, and for good reason. One of the highest ROI moves you can make is switching to value-based fees. bookkeeping for consultants There are many different ways to price your various consulting offers. We’ll get started with some of our key findings from this year’s study. […]
When businesses struggle to maintain organized financial records, catch up bookkeeping becomes essential. Disorganized documentation, including scattered receipts, invoices, and bank statements, can hinder accurate financial reporting and decision-making. Businesses may realize the need for catch up bookkeeping when they encounter difficulties in accessing or interpreting financial data. Further, keeping the business’s accounts payable and […]
Amid the COVID-19 downturn, the majority of startup entrepreneurs indicated they had less than six months of funds left, otherwise known as the “runway red zone.” Burn rate and cash runway are directly related; a higher burn rate will lead to a shorter cash runway, and a lower burn rate will lead accounting services for […]
With its intuitive design and variety of human support options, TurboTax is, in many ways, the standard for the do-it-yourself tax-prep industry. However, its products come at a price, and confident filers might find that similar offerings from competitors provide a better value. Questions are phrased simply, and tax jargon is kept to a minimum. […]
If your rig weighs over 55,000 pounds, you are required to file a Form 2290 for tax purposes. Regardless of what type of business structure you choose, the next step is to get an EIN for tax purposes. You can apply online through the IRS website, but if you do this on your own, be sure […]
The debit or credit balance that would be expected in a specific account in the general ledger. For example, asset accounts and expense accounts normally have debit balances. Revenues, liabilities, and stockholders’ Navigating Financial Growth: Leveraging Bookkeeping and Accounting Services for Startups equity accounts normally have credit balances. In budgeting and forecasting, normal balances serve […]
If you have more than one job at a time or are married filing jointly and have a working spouse, you should fill out the Multiple Jobs Worksheet. Taxable income is the portion of your gross income that the IRS uses to determine the taxes you owe in a given year. One likely cause is […]
By inputting key criteria, you can quickly create a job posting that resonates with the right candidates. The tool ensures that no critical details are missed, enabling you to communicate expectations, culture, and the unique benefits of joining your team effectively. As a full charge bookkeeper, there are certain experience and qualifications that are essential […]