Accounting is the process of recording, assessing, and communicating financial transactions which helps individuals and organizations understand their financial health. This work is done by keeping track of expenses, profits, and losses. Effective accountants ensure clients understand their legal obligations, financial performance, and that they can develop budgets and plan for their future. However, businessContinue reading “Common Accounting Terms Explained”
Category Archives: accounting
Is Accounting for Me?
Accounting is a lot of responsibility and can be monotonous. It is definitely not for everyone as accounting requires serious concentration, one small mistake can make for a huge error and possibly cost you your job. However, many individuals have all the important qualities that make for an amazing accountant. So if you wonder ifContinue reading “Is Accounting for Me?”
Top Payroll Processing Software for 2022
Business owners can take their company to the next level by simplifying employee payments, tax filing, and more when they choose the right payroll processing software. Your choice in payroll software should make it easy to manage your company’s payroll, benefits, human resources, etc. in an all-in-one modern platform. We have done the research onContinue reading “Top Payroll Processing Software for 2022”
Accounting for the Hospitality Industry
Accounting is an essential requirement for any business and the hospitality industry is no exception when it comes to this requirement. Accounting for the hospitality industry requires specialized accounting management skills to avoid an entire system of mismanagement and inefficiency. Even the basic principles of accounting can assist you in obtaining the information required toContinue reading “Accounting for the Hospitality Industry”
Accounting Software- Which one is the best?
While we did discuss tips and tricks for QuickBooks in our May blog post, there are other highly rated accounting softwares available. QuickBooks is the top-rated accounting software, but there are other names you may not recognize that also provide excellent features. Really the choice on softwares should be what suits your business the bestContinue reading “Accounting Software- Which one is the best?”
QuickBooks Tips and Tricks for the Non-Tech-Savvy
You are most likely to think of QuickBooks if someone mentions accounting software for small businesses as QuickBooks is servicing 4.5 million global customers online, per Intuit Investor Day 2019. Forty percent of that number are small businesses, out of which 30% are product-based businesses. Learning and becoming familiar with QuickBooks should definitely be onContinue reading “QuickBooks Tips and Tricks for the Non-Tech-Savvy”
Can Re-branding a Company be Easy?
Brand identity is extremely important when starting a new business. Branding should never be left to chance as any experienced business owner or entrepreneur can tell you; a business can build a strong brand identity only if it makes deliberate choices. Less experienced business owners and entrepreneurs can sometimes mistakenly believe that the brand identityContinue reading “Can Re-branding a Company be Easy?”
Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.
Organizing your personal belongings is one of the most tedious, put off and difficult tasks for people to do. From not knowing what items to hang on to and how to organize them, important information and documents tend to get lost in the mix. This can become particularly difficult during important times such as; buyingContinue reading “Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.”
How to pay taxes as a freelance worker or sole proprietor.
Becoming a freelancer or sole proprietor can be extremely rewarding, it gives you the freedom to structure your work to fit your schedule. You are able to work when and how you want and take on the clients you choose to work with. It can also be extremely scary that there is not set structureContinue reading “How to pay taxes as a freelance worker or sole proprietor.”
E-Commerce Tax Considerations
If you run an E-commerce business you’ve got to be prepared for the upcoming items. Payment Gateways Trademarks, copyrights & patents Possible shipping restrictions Specific lease requirements Sales tax laws can be very tricky since the are so different from state to state laws. This large variation in rules is mainly due to the factContinue reading “E-Commerce Tax Considerations”
TK Accounting & Consulting 