by Juliya Moody | May 22, 2025 | Accounting, Bookkeeping
Running your business without tracking key performance indicators (KPIs) is like flying a plane with your eyes closed and hoping for the best. Sure, you might land safely, but odds are you’ll crash somewhere in the Pacific. What are KPIs anyway?They’re the numbers...
by Juliya Moody | May 22, 2025 | Accounting, Bookkeeping
Electing S-corp status for your LLC can be a tax-saving move. But with great savings comes great responsibility—mainly paying yourself a “reasonable salary.” That’s IRS-speak for: Don’t try to get cute. So, what’s a “reasonable” salary? It depends on your role and...
by Juliya Moody | May 21, 2025 | Accounting, Bookkeeping
If you use your vehicle for business, you may be driving right past deductions every day—literally. Mileage tracking is one of the simplest ways to reduce your tax bill, but only if you do it right. What qualifies as deductible mileage? Driving to client meetings...
by Juliya Moody | May 21, 2025 | Accounting, Bookkeeping
Ah, quarterly estimated taxes—the recurring nightmare of freelancers and business owners. Miss them and the IRS treats you like someone who skipped grandma’s birthday. Repeatedly. Who has to pay quarterly taxes? Sole proprietors, partners, S-corps, freelancers—anyone...
by Juliya Moody | May 21, 2025 | Accounting, Bookkeeping
Tax time can feel like trying to solve a riddle written by an evil wizard with a calculator. But knowing what deductions you can (and can’t) take turns that riddle into a roadmap—one that leads to less tax pain and maybe even a refund. Surprising deductions you can...
by Juliya Moody | May 20, 2025 | Accounting, Bookkeeping
Receipts: tiny pieces of paper that hold the power to save you thousands or ruin your tax season. Lose them, and you lose your deduction. Keep them, and you gain peace of mind (and maybe some extra money back). Why receipts matter: The IRS doesn’t believe in “honor...
