Understanding Accounting Terminology

Joining The Ranks Of The Self-Employed? Make Taxes Less Of A Headache With These Tips

When you finally leave salaried work to start working for yourself, you may feel relieved. However, that relief can turn to concern when you have to deal with tax issues as someone who is self-employed. To avoid headaches due to these issues, make everything simpler for yourself by using the tips here throughout the year. Get Separate Accounts for Work One of the biggest mistakes that newly self-employed people make is that there is not a clear distinction between their personal checking account and finances and their work expenses and invoices.   Read More...

When The Business Is In Trouble, Take These Steps

Whether you've just recently noticed a downturn in your profits or you've begun to worry about the financial future of your business, there are several steps that you can try to take to get your business back on the right track. Hire a New Accountant Sometimes putting a fresh pair of eyes on your finances is a great step to take when your business isn't doing well financially. A business accountant, like those at Broutman & Co.   Read More...

Keep These Receipts For Your Bookkeeper When You Run A Home-Based Business

When you run your own home-based business, it's vitally important to find a reputable bookkeeper who can help you with your finances. While a bookkeeper can certainly be an asset throughout the year, this professional becomes even more valuable around tax time. It can be challenging for the average entrepreneur to file his or her own income tax and end up paying as little in tax as possible. With proper bookkeping, you'll be able to write off a wide range of expenses that can help to lower your net income.   Read More...

3 BIG Reasons Freelance Writers Should Hire a CPA

Being a freelance writer has its perks for sure. You pretty much get the opportunity to accept only the projects you want and create your own work schedule, and being a freelance writer also puts you more in control of your own finances. However, being a freelance writer essentially means you are the owner, chief executive, and manager of your own business. Therefore, the financial aspects of your business as a whole can be a major headache.   Read More...

6 Cheap (Or Free) Ways To Get A Bigger Tax Refund

Just about everyone who files taxes is looking for ways to pay less or get a bigger refund. The good news is that with a little extra work or documentation, there are several ways you can do exactly that -- without changing how you live. Here are 6 of the highest grossing tips for boosting your refund. Check Your Filing Status. If you're married, compare the tax benefits of filing separately or together.   Read More...