Category Archives: Accounting
Accounting for Crowd Funding: What You Need to Know Before Starting a Kickstarter Campaign
Crowd funding, through sites like Kickstarter, can seem like the easiest way to find money for unusual projects — like building two 10-story tall Tesla coils — as well as for more common projects that are just hard to finance, … read full post
Automating Your 1099′s: Outright’s Advice
It’s that time again, friends. You have until Jan. 31 to file your 1099s. As in they must be at least postmarked and sent to recipients by that time to avoid penalties. Who has to deal with 1099′s? If you … read full post
The PayPal 1099 FAQ
The new Form 1099-K will report the money merchants received through the credit card company for all of 2011. read full post
5 Warning Sign You’ve Hired an Unscrupulous Accountant
A great number of self-employed individuals will depend on outside accounting and financial professionals to help them with managing their finances and preparing tax returns. Here are five warning signs your accountant may not be looking out for your best interest. read full post
Got Passive Income? Stay Out of Trouble with the IRS
There are plenty of people out there, ready to sell you some sort of product that guarantees that you can create a passive income stream — you can just kick back and collect money. No matter whether you’re convinced that … read full post
CPA, Enrolled Agent, Bookkeeper What’s the Difference?
You may hear the terms accountant or bookkeeper thrown around quite a bit, especially around tax time. I want to help you understand some of the distinction between the terms Certified Public Accountant (CPA), Enrolled Agent (EA) and bookkeeper. read full post
You Can, but Should You? Small Business Accounting Ethical Dilemmas
You also do not have to be the size of Enron to face accounting ethics and unfortunately the ‘right” answer is not always as obvious as you would think. Here are three of the more common dilemmas I see faced by small business owners when it comes to accounting ethics. read full post
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
Putting a value on a small business
As a business owner, being able to tell just how much your business is worth comes in handy. The most obvious case is if you want to sell your business — after all, you have to know how much you … 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