by Briana Cavanaugh | Apr 24, 2010 | accounting, audits, implementation, irs, organizing, taxes
Here’s a head’s up a recent IRS ruling about scanned documents. The gist is that you have to keep hard copies. So if you’re using Neat Receipts or some other software/hardware configuration, you are still responsible for all those hard copies and...
by Briana Cavanaugh | Apr 9, 2010 | accounting, articles, audits, irs, taxes
I’ve watched all manner of people and clients freak out about audits. This seems to get especially bad around tax time. One of my colleagues writes a great newsletter and I thought I’d share some of her wisdom to help get you get back to business.From: The...
by Briana Cavanaugh | Sep 4, 2009 | accounting, bookkeeping, math is hard, money, planning
Contrary to popular belief, accounting systems are not static. Nor are they the same for all businesses or even all businesses in the same industry. Those ideas imply that there is something about accounting that is required, but not useful – stiff, stifling,...
by Briana Cavanaugh | Aug 18, 2009 | accounting, mac, software, tools
I am always on the lookout for alternatives to the Intuit Empire. The makers of QuickBooks and Quicken sell a number of services and have become the lion’s share of the market. Yes it’s what most people are using.But it leaves a lot to the imagination....
by Briana Cavanaugh | Jun 8, 2009 | accounting, bookkeeping, business, money, resources
One of the bigest confusions I see in corporate bookkeeping is how you can take money out of the corporation. So I’ve complied a very basic list for us to refer to.(1) Repayment of a loan to the corporation. This is not taxable to the stockholder. The...
by Briana Cavanaugh | Feb 10, 2009 | accounting, bookkeeping, money
There were two specific terms that were challenging for me because them mean different things are different times – or so it seemed. You see a debit is an accounting entry which results in either an increase in assets or a decrease in liabilities or net worth....
