About Louise Pooley

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So far Louise Pooley has created 18 blog entries.

What’s the Difference Between a Bookkeeper, Accountant, CFO, and Controller and Which Do I Need?

At first glance, it may seem like all accounting professionals fit in the same box and offer the same skillset. In reality, it’s not that simple. So, how do you know who you should work with and what your company really needs? Let’s talk about four major roles and the differences between them.  Bookkeeper The [...]

What Paperwork Do I Need to Keep for Taxes?

When it comes to paperwork, most business owners fall into one of two extremes. There are those who have huge boxes full of every receipt, invoice, carbon copy, and cocktail napkin they’ve ever come across (“just in case”), and those who hold onto almost nothing.  So, what do you REALLY need to keep for taxes, [...]

The Major Risks of Mixing Business and Personal Funds

When you own a business, it’s easy to think of the assets of the business as your assets. And while this is true to a point, it can cause a lot of problems if you start treating the business’ money as your own, using business accounts for personal purchases and vice versa. This is called [...]

Can Your Accounting System Make it Easier to Run Your Business?

For many small business owners, bookkeeping and accounting can be summed up in one word… Compliance. You may have had another word in mind that I can’t share in this blog post. Either way, it comes down to your books being a necessary evil that you deal with as quickly and infrequently as possible. You [...]

Having an Accountant Set Up Quickbooks Online Positions Your Business for Success

We celebrated my mother’s birthday a few days ago and I couldn’t help but think of what she used to say every time she’d come into my disorganized bedroom: There’s a place for everything and everything has its place. Learning A Lesson The Hard Way This really rang true the other day when a real [...]

Home Office Deductions 101

Do you run your small business out of home?  If so, you may be entitled to a significant number of tax deductions that can save you a lot of money, but only if you properly track and record them. Let’s take a look at some of the most common deductions for home offices, how to [...]

Your Small Business Audit Risk Just Grew

The word “audit” makes many business owners shudder. No one likes the idea of the IRS digging into their books looking for mistakes and finding ways to increase their tax bill. But, historically, the rate of audits for small businesses has been so low that audits were almost unheard of. That’s about to change for [...]

Should I Hire an Accounting Firm, or Can I Do it Myself?

As a business owner, your decisions can mean the difference between financial success or stress and failure. In the past few years - especially since the onset of the COVID-19 pandemic - there have been two major trends growing for small and medium businesses: outsourcing services and DIY with online software. But which one is [...]

Five Things Your Accountant Needs For Tax Time

We’d all like tax season to go a little smoother. And no one wants that more than your tax preparer. So, why not get a head start this year and help your accountant help you by getting them everything they need exactly when they need it?  Here are the five most important things you can [...]

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