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 [...]
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 [...]
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 [...]
Regardless of the project, the business you choose to partner with must follow through on commitments. The following companies — including Pooley Accounting Services — were voted the most reliable in St. Louis.
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 [...]
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 [...]
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 [...]
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021. Below is a selection of highlights of the Act that we would like to share with you. As always, we recommend that you consult with your tax professional regarding specific items that may benefit your business. PPP Loan Changes Expenses paid [...]
Keep these dates handy for your 2021 Accounting needs.
Prepare for Tax Time: Get it together now to make taxes as painless as possible Tax season is always a little hectic. With the rollercoaster that was 2020, this year is bound to be even more challenging (especially if your business took advantage of the PPP or EIDL programs). But there’s no reason to panic. [...]