Stephanie Peterson

SEPTEMBER 21, 2021

Creating a separate bank account for your business will make it easier to identify the difference between personal and business expenses and help your case if the IRS ever audits your business. In order to establish a budget, all expenses should be audited, and any unnecessary expenses should be cut.

Petty cash 52

Petty cash Bookkeeping Virtual Bookkeeping QuickBooks 52

Remote Quality Bookkeeping

JUNE 24, 2024

If you are not careful, your numbers could be off come tax season and then your worst fear comes true: an audit! If you hire the wrong bookkeeping service, you could get into some trouble with the IRS which is not helpful to your business, to state the obvious again. Don’t wait any longer. Call us today.

Payroll 52

Payroll Bookkeeping Services Virtual Bookkeeping Bookkeeping 52

Stephanie Peterson

JULY 21, 2022

However, in case of an audit, you won't want to answer to the IRS without the proof to back up every penny spent on business-related purchases. At the same time, some might not find it to be a big deal and record transactions without receipts.

Bookkeeping 52

Bookkeeping Petty cash Virtual Bookkeeping QuickBooks 52

Future Firm

APRIL 4, 2022

My bookkeeping might not be totally accurate, but it’s just not a big priority for me. You: Seeing as you say your books not be fully accurate, how would it make you feel if the government audited your books? When you run a fully virtual bookkeeping business, honestly, there’s not much need for a phone.

Bookkeeping 98

Bookkeeping Bookkeeping Services XERO QuickBooks 98

Cloud Accounting Podcast

AUGUST 25, 2020

One out of three clients didn't know if their tax accountant provides audit protection services. Even if they're not gonna ever select it, they can see there that you offer audit support, that you offer legal services, that you offer financial planning, that you offer advisory type services. That way, they at least know that you do it.

Accounting 40

Accounting Accounting QuickBooks XERO 40