We're excited to introduce a few new voices with the first in a series of guest posts. The tips and advice they share are a great addition to our blog! All business owners are well-intentioned, but we're also busy. Sometimes, the biggest invoicing mistakes stem from a lack of time. You might forget to send the invoice on time, insufficiently describe the services or products you're billing for, … [Read more...]
How to Pay yourself as an S-Corp
If your business is set up as an S-Corp (or an LLC with an S-Election), you are technically both an employee and a shareholder. Which means you should be paying yourself a salary as an employee, but you're also able to accept distributions as a shareholder, easing a bit of the employment tax burden. (That's one of the benefits of filing as an S-Corp, after all!) Paying a Salary As an employee … [Read more...]
Estimated Quarterly Taxes Due Soon!
It's that time! The deadline to pay your fourth estimated tax payment for 2018 is Tuesday, January 15th. That's just four days away! Are you tired of worrying about your own bookkeeping and staying on top of these deadlines? Give us a call about our friendly, virtual bookkeeping services for consultants and coaches. We'll take care of the books (and the deadlines!) so you can take care of … [Read more...]
Budgeting for 2019
Many small businesses miss one of the most important parts of building a financially stable business: budgeting. Budgeting may not be sexy, but understanding what income and expenses you can expect in the near future is essential to your business, especially if you find yourself struggling with cash flow. It's time to start budgeting for 2019 and it's best to begin by taking a look at the … [Read more...]
The Curse of Monthly Subscriptions
Monthly subscriptions are a great option when you're trying a new service, or you can't afford to pay for an entire year upfront - but they can end up being a curse if you don't stay on top of them! Many of us sign up for monthly subscriptions that we don't actually need, then we forget to cancel and end up paying fees month after month after month. So what's the best way to manage those … [Read more...]