A sole trader is someone who is self-employed and only works by themselves. They don’t have a large company or employees of their own. You’ll have your own business and will handle everything yourself. However, you will want to consider hiring someone for your […]
You’re starting up a new business or becoming a sole trader. This is a great way to gain financial freedom, but you need to make sure all your finances are in order. You’ll be liable for all types of taxes and will need to […]
What is the IRS? They are a collection department for the Treasury Department. As collections agents, they only have one goal, get your dollars. When a tax return is selected to be audited, the IRS sends a scary letter. I have a copy of […]
Most of us are not using 100% of the power of the software at our fingertips. You probably use about 10% of Word’s functionality, maybe 15% of Excel if you’re experienced. If you are using Quickbooks, you may not know all the tricks, but […]
In Washington, filing L & I is required. In my past experience and confirming with clients who still use QB Payroll, they don’t file WA L & I, that’s a good reason alone not to use QB Payroll. But the bigger reason is that […]
Knowing the difference between cash and accrual is a good first step. Step two is knowing when it matters which one you use. Cash and accrual are accounting methods. They are used when you are reviewing your financial statements, and when you are reporting […]