Hopefully, in the next few days, you receive a paycheck protection program loan, or PPP loan. Good job for getting that done. Seriously. Your … [Read more...] about PPP Loan Accounting: Tips to Do It Right
People are confused about how the paycheck protection loan formula works. And no wonder. Simple on the surface, the formula gets complicated once … [Read more...] about Paycheck Protection Loan Formula Explained and Illustrated
Some bad news for Washington state QuickBooks Online users who need to report and pay Washington state sales tax. The bookkeeping requires some… well, … [Read more...] about How to Record Washington State Sales Tax in QuickBooks Online
If you’re a small business owner, you want an accurate balance sheet for your small business. You really do. An accurate balance sheet delivers … [Read more...] about Why You Want an Accurate Balance Sheet for Your Small Business
Do you own or do the accounting for an S corporation? If so, you want to make sure you take care of handful of year-end S corporation accounting tasks … [Read more...] about Year-end S Corporation Accounting Checklist
Peter Theil, in his provocative book Zero to One, talks about the power law dynamics you want to get “going” if you’re an entrepreneur working in … [Read more...] about Small Business Power Law Dynamics: Secret to Jacking Profitability?
Taxpayers always wonder about whether or not they can deduct expenses when they don't have a receipt. Generally, yes, you can... but you want to … [Read more...] about Tax Deduction Receipts
You can have a great career in accounting. And you can have tons of fun! But in order to really hit the deck running, you really want to be prepared. … [Read more...] about Career in Accounting: How to Prepare
Should you use QuickBooks Self-employed? It’s a great question to ask if you run a small business and you’re wondering which version of QuickBooks to … [Read more...] about Should You Use QuickBooks Self-Employed?
A client asked me the other day about the accounting rules one needs to use for Washington State household employees and independent … [Read more...] about Washington State Household Employees and Independent Contractors