Author Archives: Holly Neitzel
What is a Chart of Accounts?
As small businesses we each have different needs. The accounting systems we choose may be different, the specific reports we use to make decisions may be different, even how often we do our accounting may be different. But at the … read full post
What is Bad Debt?
Bad Debt When it comes to running a business we know by now it isn’t all fun and games (unless you are one of those lucky video game testers…than maybe it IS all fun and games!). Invoicing and receiving payments … read full post
Hiring Freelancers and Contractors 101
I am at the point in my business where I either need to start turning away clients or bring in some help to get the work done. I know that I do NOT want to turn away clients, so it … read full post
Form 1099 and Why It Matters
Most of us are familiar with the typical income reporting tax returns that we are required to submit to the IRS. But, there are also ‘informational’ returns that may be required. One such informational return is the 1099-misc. Wisegeek.com describes … read full post
What is IRS form W-9?
During tax season there are so many IRS form names and numbers flying around: 1099, W-2, 1040, Schedule C, W-9…how are we to know who needs what?! In hopes of clearing up some of the confusion, today we will look … read full post
Cash v. Accrual Accounting: An Overview
The accounting system you use for your business is greatly personal. The software, the tracking and the frequency can (and should!) all be adjusted and tweaked to work for you and your business. Another choice that must be made when … read full post
How does Depreciation Work?
Depreciation is one of those ‘off the wall’ accounting concepts. It is useful to your business, but many business owners don’t know what it means or how to account for it. Let’s take a good look at what depreciation is … read full post