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Are you using QuickBooks effectively?

If you’re a business owner, it is very likely that you use an accounting software such as QuickBooks to handle your accounting needs. It is also likely that you, as a business owner, have been handling the bookkeeping of your business on your own rather than outsourcing it to someone else.

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Making taxes easier for business owners

It’s every business owner’s favorite time of year—tax season! Business taxes were due back in March, and you might have found yourself in a slight panic (or a major panic) trying to gather everything you needed to file.

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What gets measured gets managed

It’s a time-honored business saying with unknown origins: What gets measured gets managed. Though no one knows where it came from, it’s a well-known way of explaining a concept you need to know when you’re running your own company. If you don’t track things, you’ll lose track of them. You’ll lose sight of what you’re doing on a day-to-day basis, and you won’t be managing that business.

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Three steps to streamline your accounting system

As someone running a small business, it can be hard for you to stay on top of your accounting, especially if you don’t have training in bookkeeping or accounting methods. Often I’ve dealt with businesses that have very little idea of where their money comes from and where it goes. And you can forget about depreciating assets or anything more complicated than “money comes in, money goes out.”

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How a bookkeeper differs from a tax preparer

One of the big questions that we get asked all of the time is, “What is the difference between what you do and what a tax preparer does? Why shouldn’t I just hire a tax preparer? Isn’t what you do the same thing?”

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Do you need an assistant, a bookkeeper, or a system?

Technology has made it relatively easy and accessible to complete accounting tasks online using software like Quickbooks or other programs. With easier access to those programs, those accounting-like tasks sometimes get assigned to an office manager or assistant.

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Why EBITDA is important to your banker

EBIDTA is an accounting term that stands for Earnings Before Interest, Tax, Depreciation, and Amortization. The first three elements—earnings, interest, and tax—are relatively straightforward. Earnings are the money you bring in, or your revenue. Interest could be the interest on a mortgage payment or other debt. And we’re all pretty familiar with taxes.

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Why you need a tax preparer who specializes in real estate

When most people think about tax preparation, it feels complicated and daunting, but everybody needs it. In a perfect world, everybody wants a tax preparer who will do their job so well that they don’t have to pay any income tax. It’s not a perfect world, but the tax preparation market is all about finding ways to maximize tax savings.

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