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The latest in notary, Apostille, and business news from New York, NY.

Posts tagged accounting
The Top Invoicing Software for Small Businesses in 2023

If you’re a small business owner, it’s no secret how important invoicing is in keeping your cash flow flowing. But knowing which invoicing software to use can be tricky as the market is flooded with options. Luckily, we’ve researched for you and put together an up-to-date list of the best invoicing software for small business owners in 2023.

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3 Best Tips for Managing Your Business Cash Flow

There are lots of useful apps that can help you manage cash flow in your business. Then, when your venture grows, you might want to invest in an accountant to help you monitor your finances. If you don’t get paid on the spot, be sure to watch all money owed to you. Send out invoices for payments quickly and stay on top of collections. Again, various apps can help you send and receive invoices.

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The Big List of Small Business Tax Deductions (2022)

A tax deduction (or “tax write-off”) is an expense that you can deduct from your taxable income. You take the amount of the expense and subtract that from your taxable income. Essentially, tax write-offs allow you to pay a smaller tax bill. But the expense has to fit the IRS criteria of a tax deduction.

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3 Benefits of Hiring an Accountant Instead of Doing it Yourself

It’s worth noting that not all accountants hold the same qualifications. A Certified Public Accountant (CPA) is an accountant that has passed a specific exam and completed a range of coursework across a three-year course. As a result, if you hire a CPA, you can be assured that their work is up to a certain standard. Additionally, they are the only ones able to complete specific tasks, such as preparing an audited financial statement, so make sure to choose the right accountant for your needs.

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Last Minute Tax Advice for Home Office Deduction

Do you work from home? If so, others share your situation. The U.S. Small Business Administration says 60.1% of all firms without paid employees are home-based. The same ca be said for 23.3% of small employer firms, and 0.3% of large employer firms. Work from home? Determine whether to claim a home office deduction, which effectively transforms some personal expenses into business write-offs.

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