BudgetEase Blog - Making YOU Profitable™

    Never Hire Again

    Imagine how nice it would be not to have to hire a bookkeeper ever again. In addition to saving you time, an outsourced bookkeeping team will also save you money. Below are a few of the benefits of having an expert perform your bookkeeping.

    Still a Thankful Bookkeeper

    This has been a challenging year. The knee jerk reaction is to think about the difficulties (and there have been many) that this year has brought us. It is also time to consider the things we are thankful for.

    The Malarkey Involved in E-Commerce Bookkeeping

    With more people shopping online, it’s a great time to be in the e-commerce business. If you’re like other e-commerce businesses, it’s likely that you need help with your bookkeeping. There are a lot of moving parts and managing them is no easy task. Hot topics in e-commerce bookkeeping are:

    The Fall Catch-Up Challenge

    This has been an unusual year with COVID-19 and the financial burden many businesses are facing. What has not changed is the calendar. The year ends on December 31st, and accountants will want to start preparing taxes between now and then.

    E-Commerce and Sales Tax

    If you’re an e-commerce business, you know the pain and suffering involved in managing sales tax. Each state, and in some cases different counties within a state, have differing tax laws. Taxes can vary depending on the county in which  you are selling!

    How to Make Your Small Business Profitable

    Every business owner is concerned with being profitable, particularly in this pandemic. Profit is not just the money you put in the bank. You need to cover the costs associated with being in business (rent, payroll, taxes, supplies, etc.). The amount left over is your profit margin. While there is no magic formula for making your small business profitable, there are several things you can do to increase your profit margin.

    Feeling the Burn - Burn Rates Explained

    The current economic environment has been challenging for all business, particularly small business. To that end, it’s important to know your Burn Rate and adjust spending accordingly.

    Managing Fixed Assets

    The question many of our small business owners have is how to manage fixed assets. Here we walk you through identifying which assets are fixed, and then an example of depreciating a vehicle.

    Bookkeepers Guide to Closing 2019

    Before you close the year in QuickBooks (more on that to follow), you need to ensure a few things are done.

    It’s Time for 1099’s

    With the holidays behind you and the beginning of a new year, your small business has an important deadline approaching. If you have paid $600.00 or more to individuals in the form of non-employee compensation you are required to provide a Form 1099 to those by individuals by January 31, 2020.

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