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
Hey there, friend! Budgeting for an online business can seem like a daunting task, but not today. Whether you’re a newbie or a seasoned entrepreneur, you’re about to discover an uncomplicated, no-fuss method to budget for your business. If we aren’t besties (yet!), I’m Madison from Madison Dearly Bookkeeping. Think of me as your financial […]
Raising your rates…let’s talk about it. I know that many business owners (myself included sometimes) don’t really want to talk about money. Especially when it comes to asking clients for MORE money. Yeeesh. Money in our culture is kind of a taboo topic. You’re not supposed to share what you make with your coworkers at […]
Running a business costs money — it’s just a fact. But all the money you spend on your business affects your profit. Remember, Profit = Revenue – Expenses. If you can trim those costs, you can keep more of your hard-earned income. But how do you know which expenses you can cut safely? You don’t […]
Got a baby on the way? Whether you’re due in a few months or planning ahead for a few years in the future, you’re probably wondering what maternity leave looks like if you’re a business owner. Can you even take time away at all? Absolutely! I’ve taken maternity leave, and I’ve helped several of my […]
What’s your revenue target for the year? Will it be enough to expand your team so you can take on more clients? What about giving yourself a raise? Or covering that new office chair? To answer those questions, you need a business budget. Without a budget, you don’t have a clear picture of your expenses. […]
This is one of the biggest questions we get from people: “How do I know if I can afford to invest in XYZ for my business?” Whether it’s a part-time employee, an expensive piece of equipment, a conference, a mastermind… expenses will always come up in business. You know you need to invest in your […]
Many of us have a personal household budget, but do you also have a budget for your business? We tend to forget that – just like with our luxury spending habits – our business spending habits should be tracked and approved to make sure that your business is optimized for profitability over time! It’s easy […]
