July 1, 2020

On Monday, The Internal Revenue Service said that they won’t further delay the tax filing and payment deadline past July 15th. Previously the tax filing & payment deadline that was originally due by April 15 was extended for three months which gave taxpayers more time...

June 29, 2020


In our previous video we went over the importance of reconciliation
, QuickBooks is not so quick especially if transactions are not recorded correctly resulting in inaccurate financial statements. Example, “Commingling Funds” is a common challenge while business owners...

June 26, 2020

With the current pandemic crisis, it is important for business owners to take charge of their cash flow position. What is your current cash flow for your business lately, do you know where you stand financially to know if your business will survive the next month? 

Whil...

Business owners or self-employed individuals (freelancers, independent contractors) are required to make quarterly payments based on their net earnings, especially if they have a balance above $1000. Unfortunately, most business owners often neglect the importance of m...

June 24, 2020

When it comes to tax season, it isn't uncommon that business owners (who file their taxes) tend to wait till the last minute to submit their tax returns. They may end up missing deductions resulting in overpaying taxes, and no one wants to overpay on anything. These mi...

In response to the COVID-19 outbreak, the Treasury Department and the Internal Revenue Service have provided special tax filing relief to individuals and businesses by extending the April 15th deadline to July 15th. While this relief has given taxpayers additional time...

June 16, 2020

 The pandemic crisis of the coronavirus (COVID-19) has left business owners into a constant state of anxiety and fear over what is going to happen next. However, many business owners see this as another obstacle in their path for further growth for them and their busin...

June 15, 2020

Have you noticed that many accounting software out there often say it'll keep bookkeeping simple and easy to use? What many don't know is that just because it is user-friendly doesn't mean it is that straight forward or easy to use.

From our experience, business owners...

June 12, 2020

The EIDL (Economic Injury Disaster Loan) is to provide financial assistance to small businesses or private non-profit org. that suffered economic injury, which in this case was the coronavirus (COVID-19) pandemic. Although many who have applied to the EIDL are not awar...

June 11, 2020

You are running a business and your vendor requires you to make a large prepayment for inventories you need to purchase for your customers. Do you know your cash flow position for your business today? 

It is extremely important to know your cash flow, especially during...

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Differences Between the Current SBA Loan and the Future SBA Loan

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