BudgetEase Blog - Making YOU Profitable™

    Are You Confused by the Commercial Activity Tax?

    Commercial Activity Tax (CAT) is a tax imposed for the privilege of doing business in Ohio. CAT is calculated on taxable gross receipts from most business activities in Ohio, or activities that benefit an Ohio-based business.

    Will Hiring More Employees Increase Bookkeeping Service Costs?

    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 also potentially:

    The 4th Quarter Stretch: How to Finish the Year Strong

    It’s that time of year, rounding out the fall season and sliding into the last few months of the year. We get lost in the day to day work and those unexpected events. Take a moment to take stock in what you and your business have right now and see where you are compared to where you started the year.

    5 Questions to Ask Yourself When Reviewing Your Company Budget

    As last year winded down and you looked toward this year, you probably had goals and dreams of where you would like your business to go and how to make it grow. You prepared what you thought to be a realistic budget. Preparing the budget is the first step; reviewing it at least monthly is as important to the success of your company. Don’t let your budget gather dust and never look at it again.

    Keeping Track of Travel Mileage as a Small Business

    Do you struggle with keeping track of your Travel Mileage at your small business or startup? Do you find keeping track of your mileage to be a tedious task? I do. At the end of every year, I go through my calendar, note all the business events that I drove to, calculate the mileage using Google Maps, add up the miles on an excel spreadsheet (and I don’t drive nearly as much as many of you), and after multiplying by the allotted mileage reimbursement, I have entered a tidy business expense.  

    How to Update Your QB File for Fixed Assets and Rental Property Improvements Using Your Tax Returns

    If your small business has fixed assets or property, how do you determine the amount of depreciation to be entered into QuickBooks? Best practice is to use your accountant’s depreciation schedule, adjusting journal entries or an accountant copy update file to bring your QB in line with the tax return. If none are available, use this approach:

    Pitfalls to Avoid When Setting up QuickBooks Online

     The selection process for deciding which bookkeeping tool is best for your business can be tedious and challenging to decipher in terms of features and benefits. If you've landed on QuickBooks®, congratulations! You've chosen what we at BudgetEase consider a necessary and highly effective tool to help make YOU more profitable!

    How Vacations Make YOU Profitable

    It is known that most Americans leave several days of vacation on the table each year, but what about the business owners? We rarely break away from our beloved business for evenings and weekends, let alone a few days or a week away. Pride and passion drive our vision, mission and ideally a strong bottom line.

    Here are few reasons why you should give yourself permission to vacation:

    How To: Organize Financial Information Without QuickBooks

    If you have a very small company with only a couple checking or credit card accounts (designated solely for your business) and don’t want to pay for QuickBooks, how can you keep track of your financial records?

    You can use an excel spreadsheet to record your sales and expenses.  

    Making YOU Profitable: The Importance of a Clean Balance Sheet

    Cash may be King but never underestimate the value of a clean balance sheet. What does clean mean and why is it important?

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