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2022 Standard Deduction Amounts - What You Need to Know About Inflation Adjustments
The IRS released the new tax brackets and standard deduction amounts for the 2022 tax year. All Americans are facing a long list of new...
Jan 5, 20222 min read


IRS Home Office Tax Deduction for Small Business Owners - Help you Reduce Tax Bill
Has the coronavirus led you to start a business or become your own boss this year? If you are a small-business owner and use part of your...
Jan 5, 20225 min read


How to Create a Chart of Accounts for Construction Companies and Contractors
Keeping track of all money moving in and out of your construction business can be challenging and time-consuming, that is why you need to...
Dec 19, 202110 min read


What is Accounts Payable? How to Record Accounts Payable Properly
When your company purchases goods on credit that need to be paid back in a short time, it is known as accounts payable. As a business...
Dec 19, 20216 min read


Successful Construction Bookkeeping Tips That Save You Countless Hours
Bookkeeping can be one of the most daunting processes when you’re running your own business. Maintaining accurate records of financial...
Dec 15, 20216 min read


Cash and Accrual Accounting: Which Is Best for Your Small Business?
As a small business owner, you may be passionate about all aspects of developing your business, but it may not include accounting. There...
Dec 13, 20213 min read


Law Firm Bookkeeping and Accounting: A Complete Guide
The Completed Guide To Better Law Firm Bookkeeping and Accounting Practices!
Dec 2, 20219 min read


5 Considerations for Law Firm Accounting
While you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about law firm bookkeeping or...
Nov 26, 20213 min read


What are IOLTA accounts? Common Mistakes To Avoid
Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
Nov 25, 20214 min read


How to Perform A Three Way Reconciliation
A three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno
Nov 23, 20212 min read


What is the difference between revenue and income?
Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...
Nov 22, 20212 min read


Construction Job Costing: What To Know & How It Affects Your Business
If you’re running a construction company, regardless of whether it is a general contractor subcontractor or something in between, you...
Nov 19, 20214 min read
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