This month, we would like to highlight an awesome client of ours, PDL Cosmetics. Founded by Patricia de Leon and Steve Chester, they are a makeup company serving vibrant shades of lip-wear that does not bleed onto masks--a Covid must--to individuals globally. PDL Cosmetics, Patricia, and Steve are dedicated to igniting confidence in women everywhere!
We receive a lot of interesting questions about deductions. Recently, the deductibility of a pet was a topic of conversation. The scenario is a dog who “works” alongside his person who happens to be a truck driver. The dog (named Clutch) is outfitted in company gear and takes his job of protecting the driver very seriously. Clutch is also in charge of client relations and makes sure to woo all customers with his adorable demeanor. Despite his clear value in company operations, Clutch’s expenses are unfortunately not considered deducible by the IRS.
Please meet one of our interesting clients, Century Chimney Sweep Inc. They are a member of the National Chimney Sweeps Guild, who provides exceptional chimney sweep and repair services to homes in Cuyahoga, Medina, Lorain, Lake, Geauga, and Summit counties. Owner Gary Spolar believes that the most important aspect of his business is the people. They are widely recognized for their amazing work, and we cannot recommend them enough.
Sometimes bookkeeping for small businesses can be frustrating--both for you as an entrepreneur and for your bookkeeper. They slow you down by asking questions about things that you would rather not deal with, like:
We want you to get to know a client of ours, Homewatch CareGivers. They provide kind, compassionate and qualified care to their homebound clients, tailored to their unique needs and in their preferred surroundings. Two of their main objectives are high-quality care and interpersonal relationships. We hear over and over how the team at Homewatch provides the much-needed care for families and friends that can’t take care of themselves. We can’t recommend them highly enough.
Need polished reports for your banker, directors, or investors? The Management Reports feature is a simple, yet powerful feature in QuickBooks Online (QBO).
In short, yes. It is recommended that small businesses reconcile their accounts at least monthly, although some small businesses reconcile daily for cash flow reasons. This step-by-step video shows how to reconcile your bank account using QuickBooks.
The process of comparing your balance (known as the book balance) to the bank’s records (bank balance) is important for the following reasons:
Meet Maximum Value Partners, LLC, a company dedicated to helping small businesses grow. As a dynamic duo, Adam Sonnhalter and Jack Mencini work together to provide high-value coaching to business owners. At BudgetEase, we have seen their coaching in action with our clients. Their results are impressive.
Bookkeepers are an integral part of your financial process. They do the heaving lifting to keep your financial information up to date and correct.
When hiring new employees, it is important to consider all the steps and pieces of your business that will be impacted by the human resource investment. Not only are you paying the hourly wage or salary, but you're also potentially paying: