Profit on the P&L but no cash in the bank? How to tell whether QuickBooks is overstating income or missing expenses, or whether the profit is real but tied up in receivables, inventory, loans, or draws.
The extended deadline is close and the books are months behind. Here is what to fix first, what can wait, what to send your tax preparer, and your options if the books will not be ready in time.
Home care agencies run on payroll and slow reimbursements. Here is how to handle caregiver classification, overtime, payroll reconciliation, cash flow, margins, and tax planning.
Unapplied Cash Payment Income appears on cash basis reports when customer money is not linked to an invoice. Here is what causes it, how to clear it, and when it is not an error at all.
Undeposited Funds keeps growing because payments are recorded twice: once through invoices, once through the bank feed. Here is how to find the duplicates and clear the balance without breaking a filed year.
Most business owners never get their financials explained to them. A real case study of what a remote accounting and fractional CFO review found in a business that had run for ten years.
A 250-unit homeowners association, two bank accounts that had not reconciled since June, and a board that needed year-end numbers. Here is how the cleanup actually went.
Rule of thumb: 25 to 30 percent of net profit for federal taxes plus your state rate. Where the number comes from, how to apply it, and a simple monthly system.
No. You are taxed on profit, not the gross 1099 figure. Why the 1099-K from PayPal or Stripe is higher than your payouts, how to reconcile the difference step by step, and how creators reduce the tax legitimately.
Yes, YouTube AdSense and other platform payouts are taxable business income in the U.S. How it is reported, self-employment tax, 1099s, deductions, and quarterly payments.
