Browse topics
Bookkeeping Tips

What is a Cash Book?

Every business must record all of its cash transactions in a cash book. A professional bookkeeper records these data and finds the difference between payments and receipts to determine the amount of available cash. So, how is a cash book prepared? More importantly, what is the importance of a cash book in accounting?  Read more

Carol Nachbaur
Tax Tips

Business vs. Hobby: How does the IRS decide?

A lot of us have a variety of hobbies that we enjoy. Your hobby might even be able to earn you some extra income. The question is, how do you know if your hobby is a business? Or can a business just be an expensive hobby? Learn all about the difference between a business and a hobby, and how it effects your taxes, in this guide. Read more

Carol Nachbaur
Accounting Tips

Accrual Accounting Vs. Cash Basis Accounting

Keeping accurate accounts as a small business takes two major forms; accrual accounting and cash basis accounting. Both account types have benefits for either long-term or short-term purposes. Learn the difference between the two here. Read more

Carol Nachbaur
Tax Tips

TurboTax Vs. H&R Block: Which Online Tax Software Is Best?

Filing taxes can be stressful, but there are a number of services available to ease the process. Among the most popular services are H&R Block and TurboTax. Learn the difference between the two, and which is best for you, in our guide. Read more

Carol Nachbaur
Business Tips

What is a Nonprofit?

A nonprofit organization or entity is a type of organization that doesn't earn profits for the owners. It's tax-exempted due to its societal role. Often, a nonprofit organization can be for religious, scientific, and educational purposes amongst others. Read more

Carol Nachbaur
Tax Tips

What is a Roth IRA?

As an unconventional retirement account, the Roth IRA is funded by after-tax income. Learn all about the Roth IRA, and when you should consider opening one in this guide. Read more

Carol Nachbaur
Tax Tips

US Citizens Living Abroad: Do you have to pay taxes?

Do you have to pay taxes as a US citizen even if you reside outside the states? Learn the ins and outs of paying American taxes as an expat living abroad. Read more

Carol Nachbaur
Financial Advice

How To Create a Business Budget - Essential Guide

Being a new small-business owner means you have to figure out a lot of things for the first time. The first of these is how to create a business budget. The creation and maintenance of a proper budget will be a critical component of your success. This guide will show you how to create a business budget step-by-step. Read more

Carol Nachbaur
Tax Tips

The Etsy Seller's Ultimate Guide to Taxes

Making a profit in your Etsy shop qualifies you as a business owner. And owning your own business comes with a less-than-fun side effect: taxes. Find out how to file taxes as an Etsy seller in our ultimate guide. Read more

Carol Nachbaur

Looking for accounting help?

Get the latest tips & tricks directly in your inbox