A seasoned accountant can help form the correct business structure Forming a business can be a daunting task. From the initial concept to the early stages of getting a business rolling along, there can be countless hours of decision-making and strategic planning. One of the earliest...
Bookkeeping is an accounting task that requires an eye for detail One of the biggest parts of basic accounting is the bookkeeping process. Recording transactions such as sales, payments and other business-related purchases may seem basic in nature but can require a detailed eye from a bookkeeper...
Daily accounting tips for entrepreneurs and startups It is to be said that developing daily habits can lead to great success over time. The cumulative effect of disciplined behavior yields results in many scenarios. Whether it be your physical health, mental health or what you do every day,...
What are the tax consequences of Alimony and what qualifies as Alimony? Alimony payments are deducted by the payer and included in income by the recipient. The payer deducts alimony paid on Form 1040, line 31a. The payer must also enter the recipient’s Social Security number...
Bookkeeping, accounting and tax preparation tips for freelancers In Murfreesboro and the Nashville area, freelancers and self employed individuals in many fields are entering the workplace at a steady pace. While this employment status is non-traditional in nature, it is becoming more common everyday. With that...
Can I pay my child to work for the summer in my business and not withhold payroll taxes? Summer is just around the corner and for many businesses that can signal many things as people will have more leisure time on their hands. School will be...
Proper accounting and bookkeeping practices go a long way for startups In Middle Tennessee, new businesses are forming everyday and bookkeeping practices should be a cornerstone in their origination. When beginning a new business, there are many hurdles you will face so you should not add your...
Practicing proper bookkeeping is essential for businesses of all sizes Managing the day-to-day operations of a business can be daunting task. Whether you are a startup company with few employees or a mid to major business with numerous employees and business transactions, proper bookkeeping is essential....
I provide support to my adult child. Can I claim them on my tax return? During tax season, there are many questions that circle around certain areas of a tax return. With young adults in college or starting on their own path, many may not understand the...
Are You Memorizing Transactions in QuickBooks? Should You Be? You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll...