Archives for August 2013

5 REASONS NOT TO FIRE YOUR ACCOUNTANT – Cloud Accounting

Cloud accounting is getting more popular, especially with small businesses. A variety of services are available online, including monthly accounting, payroll, and invoicing. With all these choices, a business can be tempted to think they can replace their accountant with cloud accounting. In a recent blog post on Huffington Post, Kirk Simpson, the CEO and co-founder of … [Read more...]

HOW LONG DO I HAVE TO KEEP THIS STUFF? Part 2

Record Retention Guidelines for Individuals Record keeping is vital to keeping a household running smoothly. Between house records and tax returns and monthly bills, it is easy to get overwhelmed by paper. Knowing how long to store documents can save a lot of space and headaches. Carpenter, Evert and Associates has compiled a list of important household documents … [Read more...]

THE INTERNAL REVENUE SERVICE CAN BE YOUR FRIEND!

We often view the IRS as the bad guy, lurking in the shadows and waiting to jump out and spring a tax audit on us. Actually, the IRS can be quite helpful to businesses and individuals when it comes to tax information.  Their website, www.irs.gov, has a huge amount of information that can answer our tax questions in simple terms that we can understand.  All the information … [Read more...]