As a small business owner, it is extremely tempting to try to do everything ourselves, including accounting. When you first start or purchase a business, this is not necessarily a bad idea. You need to know how to at least do the basics and read the reports your accountant sends you to make sure they […]
The importance of accurate bookkeeping cannot be underestimated. It touches so many aspects of the business. Accounting and bookkeeping are critical components to managing your business properly, along with keeping these records for tax purposes. Maintaining accurate and up-to-date financial records for your operations will tip you off to cash flow and tax issues. Most […]
Michelle Elder is a CPA and joins me on Money 2.0 to share some great tax and accounting tips for small business owners. Michelle owns and operates Elder Accountancy and has just completed her 30th tax year (but please don’t mention this to her.) Michelle begins by sharing what piqued her interest in her field […]