The IRS looks for accounting mistakes and errors that are blatant and contrary to GAAP principles—misreported income and misclassifications.
Articles: Accounting Services
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Straight talk on tax planning, accounting, and financial strategies your company needs to grow fast and smart.
What is Accounts Payable?
Make strategic decisions about when to pay suppliers and optimize cash flow with streatmlined accounts payabale practices.
Small Business Accounting Mistakes: Consequences & Prevention
This week, I want to revisit some accounting mistakes that are easy to make and difficult to correct. For each one, ask yourself, “Do we have a process for this?”
What Are The Benefits Of A Professional QuickBooks Setup?
Optimize bookkeeping and accounting for business performance insights and boost tax savings with a professional QuickBooks setup.
Top Accounting Practices of 2024: How to Stay Ahead of the Curve
See my updated yearly guide for news on the latest accounting and financial practices, including developments in aaccounting software and AI.
What is an Accounting Cycle?
Learn the basics of the accounting cycle and get practical advice you can use now to create accurate and tax-efficient accounting processes.
What Is GAAP in Accounting? The Importance of Financial Reporting Standards.
What is GAAP in accounting? It’s the first thing investors and buyers will look for when you show them your books. Get the details here.
How to Account for Intangible Assets
Intangible assets deliver five times more value than tangible assets for S&P 500 companies. Here’s what small businesses can do to catch up.
What Is Accounts Receivable?
Get this critical piece of your business’s balance sheet squared away for better visibility over cash flow metrics that fuel business growth.
Six Critical Business Decisions to Take to Your CPA
Business owners know how to make critical business decisions when it comes to operations. What about the tax and financial consequences?
Seven Essential Small Business Accounting Tips
If you want to save on your tax bill, follow the essential accounting tips I’ve outlined in detail in this article.
Your Bookkeeping Clean-up Checklist for 2024
Clean up your bookkeeping, save on taxes, and plot a more efficient growth trajectory.
How to Pay Yourself as a Business Owner
Get the basics on how to pay yourself as a business owner if you own a partnership, s-corporation, or c-corporation.
What Is the “Safe Harbor” Rule?
So, what is the safe harbor rule? It gives property owners the choice to take tax savings from depreciable property all at once. Details here.
What Does a CPA Do For a Small Business?
Business owners want to know what they get for what they spend, and CPAs are no exception. Here are the high-impact benefits and outcomes of hiring a quality CPA. Is it worth the cost? You decide.
How to Keep Track of Business Expenses
How to keep track of business expenses at scale? I asked a CEO and bookkeeper about habits and processes. Surprise! It’s actually simple.
When to Change Your Accountant
Here are four criteria small business owners can use to evaluate their CPA’s performance post tax season.
Proactive or Not? Five Questions to Ask a CPA
Do you want a serious, proactive CPA or a person with a license and an office? Make an informed hire with five questions only good CPAs can answer.
Why Your Business Needs A Fort Worth CPA
If you want winning tax and financial strategies that align with your business objectives, it's time to adjust your thinking when it comes to hiring...
What is Bookkeeping: The Complete Guide for Business Owners
Bookkeeping is the act of recording and classifying an organization’s financial transactions. To understand bookkeeping for small businesses, we’ll...
Bookkeeping vs. Accounting: What’s the Difference?
Bookkeeping vs. accounting — every business owner wonders, at some point, “What’s the difference?” I’m a CPA, and here’s a short explainer.