Practical articles for business owners and individuals. Clear explanations from our CPA and EA team.
Tips and insights on taxes, bookkeeping and running a business.
Your accounting software shows customers owe money. Before using that number to plan spending or follow up on collections, check whether the list reflects what customers actually owe. An accounts-receivable report can…
Read article →A customer pays before you finish a project. The money is in the bank, but the accounting question is not answered by the deposit alone. What does the payment cover, and what…
Read article →The sales dashboard reports one amount, but a smaller amount reaches the bank. That difference does not necessarily mean a customer failed to pay or that the sales report is wrong. Payment…
Read article →You bought equipment for your business, and the bank feed shows a payment. That entry is only the beginning of the accounting record. Your accountant also needs to understand what you acquired,…
Read article →Your bank account shows a monthly loan payment. Recording the full withdrawal as an expense may make the bank balance reconcile while leaving the loan balance and financial reports wrong. A payment…
Read article →An owner puts money into the company account. A month later, the company transfers money back. The bank describes both as transfers, but the accounting records need more information. Owner funding, borrowing,…
Read article →You paid a business invoice with your personal card because it was the quickest option. Later, the company reimbursed you. Without a clear trail, the books may miss the purchase or count…
Read article →Your new business has a bank account, a card and its first customers. Before long, the accounting software has imported a long list of transactions. The problem is that importing activity does…
Read article →A tax return describes a reporting period. It does not explain every change in how your business earns money, pays people or keeps records. When you work with a business accountant, that…
Read article →Choosing a tax preparer is about more than simply filing a return. A trusted and experienced professional can help you plan ahead, avoid costly mistakes, and feel confident when your finances become…
Read article →Form 1099-K generally reports payments received for goods or services through payment apps, online marketplaces, or payment-card transactions. For third-party settlement organizations, the current federal reporting threshold generally applies when payments exceed…
Read article →The IRS generally stopped issuing paper refund checks for individual taxpayers after September 30, 2025 and now uses electronic payment methods such as direct deposit in most cases. Limited exceptions remain when…
Read article →Articles provide general information, not advice for your specific situation. Check the publication date and current guidance before acting.
