For small business owners, bookkeeping can often feel like a daunting task. However, it is crucial for the success of your business to keep accurate financial records. Here are some bookkeeping tips for small businesses that will help you keep your finances organized and make tax time less stressful. In conclusion, bookkeeping is an essential…
As of the latest guidelines, the IRS rules regarding the deductibility of meals and entertainment expenses as business expenditures have been shaped significantly by the Tax Cuts and Jobs Act (TCJA) of 2017 and subsequent clarifications. Here are the key points: Meals: Entertainment: Recordkeeping: Proper documentation is essential to substantiate meal and entertainment expenses. Businesses…
We have transitioned to fixed rate pricing because we believe it is fairer and more transparent for our clients. This approach, inspired by the home services industry, ensures you know the total cost upfront, similar to when you hire a plumber, lawn care provider, mechanic, or appliance technician. With fixed rates, you can confidently plan…
Here is a short video that shows you how to add accounts to your Chart of Accounts (COA) within QuickBooks Online. The instructions works on all subscription levels: Solopreneur, Simple Start, Essentials, Plus, and Advanced.
Bookkeeping plays a pivotal role in any business, ensuring that financial transactions are meticulously recorded and organized to provide an accurate overview of its financial status. This article delves into the key best practices that facilitate effective bookkeeping, aiding businesses in maintaining precision in their financial records and optimizing their accounting procedures. Receipt Management: Central…
Payroll management is the heartbeat of any business, ensuring that employees are compensated accurately and on time. In today’s fast-paced world, leveraging efficient tools like QuickBooks Payroll can make all the difference. As a leading provider of modern accounting solutions, Sheldon Bookkeeping is here to share five indispensable tips for mastering QuickBooks Payroll: 1. Stay…
We added a new page: QuickBooks Time. As this website continues to evolve, this update gives some insight into the future. The QuickBooks Time Page by Sheldon Bookkeeping is more than just a tool; it’s a testament to the power of efficiency. By simplifying time management and maximizing productivity, it paves the way for a…
Sheldon Bookkeeping, like any efficient and scalable system, likely employs several key strategies: By incorporating these strategies, Sheldon Bookkeeping can optimize its operations, improve client satisfaction, and position itself for sustainable growth in the long term.
Facing a missed tax deadline can indeed induce stress, but there are constructive steps you can take to navigate this situation effectively. Let’s collaborate to reinstate your tax responsibilities and alleviate any concerns. Start by evaluating your tax status, pinpointing any overlooked filings or pending payments. Assemble all pertinent financial records such as income statements,…
Bookkeeper Arrested in Florida Charges were filed against a HOA bookkeeper who allegedly used her client’s funds to purchase bra’s and gynecologist visits, in addition to other items from Amazon. According to news story from WPLG, Local Channel 10, of Miami, Peggy Anne West is facing dozens of felony charges in the Florida Keys for…
Adopt Sheldon Bookkeeping’s six-point strategy to tackle your overdue tax filings and embrace proactive record-keeping to stay ahead of the game! Keeping your books updated regularly not only guarantees precision but also prevents year-end pandemonium. Don’t allow disarrayed records to impede your progress. Let’s get you up to speed while you pledge to maintain consistent…
Bookkeeping serves as the bedrock of financial management, providing businesses with a clear view of their fiscal health. From facilitating informed decision-making to ensuring compliance with tax regulations, accurate financial records are indispensable. In this article, we’ll explore some tried-and-tested best practices for bookkeeping, empowering businesses to maintain precision in their accounting processes. Keep Receipts:…
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