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Top 5 Considerations When Hiring a Bookkeeping Firm for Your Business

When hiring a bookkeeping firm, business owners should prioritize expertise, reputation, technology, communication, and scalability to ensure a productive partnership that supports long-term growth. By carefully considering these factors, they can make informed decisions that positively impact the financial success and stability of their businesses.

By Andrew @ PlentyBooks

Bookkeeping Business

The Importance of Hiring a Competent Bookkeeper for Your Business

Hiring a competent bookkeeper is essential for the financial health of any business. From understanding depreciation to differentiating between owner's draws and compensation, asking the right questions ensures you find a bookkeeper who can navigate complex financial tasks with expertise and precision.

By Andrew @ PlentyBooks

Business Personal / Individual Tax Advice

Tax Document Checklist for 2023 Tax Returns

Whether you use us as your professional tax preparer or prepare your taxes on your own, we’re here to help you determine what documents you need to file your taxes. Use the tax checklist below to find the documents and forms you will need to upload

By Andrew @ PlentyBooks

Bookkeeping Business Non-Profit

Non-Profit: Deferred Revenue vs Temporarily Restricted Revenue

By Andrew @ PlentyBooks

Business Payroll Tax Advice Tax Credit Tax Planning

Employee Retention Tax Credit (ERC)

By Andrew @ PlentyBooks

Business IRS Audit Tax Advice

Mileage Log Survive an IRS Audit?

Do you have a mileage log that will survive an IRS audit? If so, good for you! If not, get ready to give up all (not some, but all) of your vehicle tax deductions for not just one year but three years, as you will

By Andrew @ PlentyBooks

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Employee Retention Tax Credit (ERC)

Take advantage of the COVID-19 Employee Retention Credit while it's still available! If your business has been affected by the pandemic you could qualify. The refundable tax credit is 50% of up to $10,000 in qualifying wages per employee paid by an eligible employer in 2020 and 70% of up to $10,000 in qualifying wages per employee for each qualifying quarter in 2021, whose business has been financially impacted by COVID-19. The credits can seriously add up!...

18 January, 2022 / No comment

“View Only” Bank Account Access

View only bank account access is one of the best controls you can use to make sure that your small business bookkeeper has access to your bank statements without having the power to perform unauthorized transactions....

18 June, 2021 / No comment

Accountant? Enrolled Agent? CPA? What you need to know!

The terms "accountant," "Enrolled Agent," and "CPA" are often used interchangeably. But they are not the same. These three professionals are very different in their scope of work, the tasks they perform, their licensing and professional status, and their standing with the Internal Revenue Service. When exploring hiring a professional to do your accounting or taxes it's important to know what each can do and when to hire one over the other....

03 August, 2020 / No comment