Profit and Income Know The Difference
The words Profit and Income can confuse some people as they may think these two words mean the same thing, but they don't. Profit refers...
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Rebecca Hurt
- Oct 14, 2022
- 3 min
Successful Setup Of Your Chart of Accounts
Chart of Accounts - What is it? What does it do? Why do I need it? How do I make it? The Chart of Accounts - What Is It? The Chart of...
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Rebecca Hurt
- Sep 23, 2022
- 2 min
Are Business Meals Tax Deductible In 2022?
Since we are headed into the 4th Quarter for 2022, you might be wondering if the IRS has changed the rules regarding the tax deduction...
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Rebecca Hurt
- Mar 30, 2022
- 2 min
Understanding Cash Flow Will Help Your Business
Cash flow is the total amount of money that comes in and out of a business. It is a key indicator of the financial health of your...
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Rebecca Hurt
- Mar 23, 2022
- 3 min
Miscellaneous and Uncategorized Are Bad Words!
There are a few words that an accounting professional like myself really, really doesn't like and two of those words are in the title of...
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Rebecca Hurt
- Mar 16, 2022
- 4 min
5 Reasons You Need To Hire A Professional Bookkeeper
As an accounting professional for over 25 years, I have had the pleasure of working with several business owners. As a business owner...
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Rebecca Hurt
- Mar 7, 2022
- 3 min
What Tax Deductions Can I Take As An Independent Representative Or Direct Marketing Representative?
If you are an Independent Representative for a direct selling company, you are a business owner. Many people forget this because in some...
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Rebecca Hurt
- Feb 26, 2022
- 3 min
What You Need To Know About Your Balance Sheet!
Most entrepreneurs have heard of a Balance Sheet. In this short post, I am going to share a few things you should know about this...
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Rebecca Hurt
- Feb 23, 2022
- 3 min
Six Things You Should Know About Your Profit & Loss Statement (aka Income Statement)
Most entrepreneurs have heard of a Profit and Loss Statement which is also known as an Income Statement. In this short post, I am going...
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Rebecca Hurt
- Feb 21, 2022
- 2 min
What Are Financial Statements?
The most common financial statements used are the Profit & Loss and the Balance Sheet. The Profit and Loss Statement shows if your...
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Rebecca Hurt
- Feb 18, 2022
- 3 min
Is My Business Expense Really A Tax Deduction?
Many business owners wonder just that; Is this business expense a tax deduction? The quick answer is MAYBE. I know that is not what most...
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Rebecca Hurt
- Feb 17, 2022
- 2 min
Why You Should Keep Your Business Expense Receipts!
Why are receipts of your expenses so important? Because they are the main paperwork (aka proof) of your business expenses. There are...
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Rebecca Hurt
- Oct 20, 2021
- 1 min
What Tax Deductions Can I Take In Direct Marketing Sales
Many people are using Direct Marketing companies to make a side income or a full time living but may be confused as to what tax...
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Rebecca Hurt
- Oct 13, 2020
- 2 min
Declutter Your Mind To Relieve Your Stress
One of the things you notice when you start decluttering is how so much of the clutter in your home reflects the clutter in your mind.
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Rebecca Hurt
- Oct 6, 2020
- 3 min
Why Business Owners and Entrepreneurs Need To Have Organized Financial Statements
Many business owners/entrepreneurs ask me why the financial statements for their business are so important. Honestly, that is a wonderful...
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Rebecca Hurt
- Sep 22, 2020
- 2 min
Self Care Tips For Working At Home
Working at home has many benefits. However, there is some downsides as well. Not the usual ones might think either.
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Rebecca Hurt
- Sep 1, 2020
- 5 min
8 Tips for Working at Home and Distance Learning
Many entrepreneurs work from home either by choice, or by necessity. Now, with the COVID-19 pandemic, several companies have their...
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Rebecca Hurt
- Aug 25, 2020
- 2 min
What is Owner's Equity and Owner's Draw In Bookkeeping?
If you own a business as a Sole Proprietor, you will probably have Owner's Equity. Often, to start a new business, the business owner...
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Rebecca Hurt
- Aug 18, 2020
- 2 min
Liabilities vs Expenses, What Is The Difference?
Many people get liabilities and expenses mixed up or think they are interchangeable in accounting. Technically speaking, that is incorrect..
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Rebecca Hurt
- Aug 11, 2020
- 3 min
8 Things You Should Know About Bank Feeds And Your Bookkeeping
Bookkeeping, in general, can be challenging for a business owner. Learning some bookkeeping terminology can help.
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