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Accounting Resources for Business Owners

Keeping you up to date on issues impacting your business

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Shelly Lingor

Recent Posts

Don't endure another painful tax season

BY Shelly Lingor ON May 30, 2019

Getting 2018 tax returns done was messy for so many taxpayers due to changes under the Tax Cuts and Jobs Act (TCJA). Many people were surprised by smaller-than-usual refunds or even ended up owing money unexpectedly. If you struggled through tax season, now is the time to make sure that doesn't happen again! After all, these changes aren't going away, and many of them were significant for...

Five Signs you're outgrowing your accounting processes

BY Shelly Lingor ON May 13, 2019

Like most other aspects of your business, your accounting needs change over time. If you started small, you likely used a basic spreadsheet to keep track of income and expenses before investing in a desktop or cloud-based software tool as things got more complex. For most businesses, doing it all in house (whether by the owner or an employee) eventually becomes unwieldy. Here are 5 signs it's...

Why you should lock down your books every month

BY Shelly Lingor ON May 1, 2019

If closing your books at year-end is key in preparing tax returns, then locking them down at month-end takes them to a whole new level. We all know the importance of having your Balance Sheet tied to the tax return after it’s filed, but do you wait until the end of the year to enter and adjust everything? The bigger question really is: should you?

Business meals and entertainment: What's deductible?

BY Shelly Lingor ON Mar 27, 2019

As you're working on your 2018 business tax return, you may have a surprise in store: business meals and entertainment expenses have new rules for deductions under the Tax Cuts and Jobs Act. If you had lots of meal and entertainment expenses last year, you'll want to look closely at the changes and see how you can improve your tax planning for 2019. Further, if these expenses were coded the...

Assets vs. Expenses: What's the difference?

BY Shelly Lingor ON Mar 18, 2019

In general business speak, there's a good chance you use the words asset and expense interchangeably. In accounting terms, however, assets and expenses are distinctly different. They're coded separately in your books and represented differently on your tax return. Understanding the difference will have important implications for your business taxes.

Are you making mistakes with your business expenses?

BY Shelly Lingor ON Mar 11, 2019

Tracking business expenses seems like a no-brainer, right? You need to know how much money your company is spending, whether you're profitable, and what you can deduct on your taxes. When it comes to bookkeeping, we see business owners making the same mistakes over and over with respect to expenses. To throw an additional wrench in the works, the Tax Cuts and Jobs Act made some significant...

Cloud Accounting Success Story + St. Pat's Day Fun

BY Shelly Lingor ON Mar 6, 2019

Main and Six is a small, five-barrel brewery based in Jacksonville’s historic Springfield neighborhood, started by home brewer Dennis Espinosa and his business-partner mother Cindy Lasky in 2017. Like many brewery owners, Dennis got his start brewing beer at home, and as his hobby grew, it quickly became a passion. After four years of making beer for friends and family, Dennis was ready to...

Payroll doesn't have to be painful

BY Shelly Lingor ON Jan 24, 2019

Is payroll a pain? Or maybe you're just getting started with employees and want to make sure you're doing everything on the up-and-up. Here's a quick guide to making your business payroll as pain-free as possible.

Your accounts payable process is slowing you down

BY Shelly Lingor ON Jan 18, 2019

If you're even barely awake in today's world, you've heard the constant admonitions to go paperless. It's better for the environment! You'll be more organized! You can reduce clutter and only keep the things that spark joy! We're pretty sure you don't need to read another post about the benefits of going paperless—you already know you need to do it. So why haven't you done it yet?

We're a Hubdoc Top 50 cloud accountant

BY Shelly Lingor ON Jan 14, 2019

As we work with clients to bring their accounting onto the cloud and provide cutting-edge business advisory services, we're always evaluating our tools, technology, and methodologies to make sure we're recommending the best possible solutions.