The Dear(ly) Diary
bookkeeping tips, demystified (plus, a good dose of friendly advice on profitable entrepreneurship!).
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How a Bookkeeper Makes tax season easier
The tax deadline is looming. How are you feeling? Stressed? Frustrated? Frantically trying to get your paperwork together so you can figure out how much you owe? I see you. And I get it — taxes are no fun, and it’s tempting to wait until the last minute. But procrastination hits hard when you’re trying to catch up on a whole year’s worth of paperwork in a couple of weeks. It doesn’t have to be this way. If you keep your books updated all year long, tax time is so much better. It might not be fun, but it is manageable. Plus, bookkeeping makes the rest of the year easier too, because you always know where your business finances stand. So let’s take a look at what a bookkeeper can do for you during tax season — and year-round.
recent posts
All right, business owners. Let’s get into it — how are your finances looking? I’m not talking about your revenue, expenses, or profits (find that discussion here) — I’m talking about your literal financial setup. That means your bank accounts! And the million-dollar question is … do you have separate bank accounts for your business […]
Be honest — are you using Venmo to pay contractors? I know, I know, Venmo is easy to use and it’s fun to explain your transactions with emojis. But it’s not an appropriate way to pay your contractors. Honestly? Pretty much any other payment option is a better choice than Venmo. So let’s talk about […]
Spend any time learning about business finances, and you’ll hear a LOT about the P&L. But what even is a P&L? Why do you need one? And how on earth do you read it? P&L stands for Profit & Loss. And that’s what this report shows — the financial gains and losses in your business. […]
