Tracking Business Expenses on the Go
Project accounting can be difficult to manage, especially if it includes tracking billable expenses on the go. When employees travel to a client's location to install software or equipment, transportation and living expenses are billed to the client. While the client [...]
5 Reasons to Leave QuickBooks to Professionals
When you first started your business, bookkeeping was 15 minutes at the end of the day. Maybe you updated a spreadsheet and tossed a few receipts in a drawer. When tax time came around, you sent the drawer of receipts [...]
Start a Retirement Plan in 2022 to Save Money, Lower Taxes
Financial advisors are continually recommending retirement plans to business owners. They often make that recommendation every tax year and wonder why the owners never do. When asked, about 40% of small business owners do not believe they have enough money to [...]
6 Reasons Construction Companies Need Accounting Professionals
It's been a long day. You were up at 6:00 and at the construction site by 7:00. It's 10:00 pm, and you're trying to pull together a proposal for a huge construction project that is due tomorrow. Somehow, the numbers [...]
How Well Are You Managing Your 1099s?
How are you managing your 1099s these days? Every business owner knows the importance of strong financials. Without a solid balance sheet, it's difficult to receive loans or attract investors. Yet, many companies fail to realize how accurate tax reporting [...]
Best Accounting Practices for General Contractors
At the end of a year-long project, the CEO of a construction company joked that he loved it when a plan came together. Although the CEO was pleased that the project went as planned, he felt that the success was due [...]
What’s the Difference between a Bookkeeper, Accountant, CFO, Controller?
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 [...]
Construction Industry Job Costing Software: Knowify & simPRO
Knowify and simPRO platforms are both a customer service management tool as well as a job cost and job tracking tool. Both offer an all-encompassing cloud-based platform that can handle contractor projects from start to finish. Each of these tools [...]
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 [...]
New in QuickBooks: 3 Features That Make Accounting Easier
At Pooley Accounting Services, we value the drive to continuing education. That is why all our employees participate in the QuickBooks Online Recertification. This is important to our company because we strive to give the best, and most effective, accounting [...]
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 [...]
How to Choose the Right Quickbooks Online Subscription For Your Company
Having the right Quickbooks Online subscription for your business is essential. You certainly don’t want to pay more than you need, nor do you want to cut yourself short. QBO subscriptions are available in a wide range of pricing, and [...]
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 [...]
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 [...]
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 [...]
Best Bookkeepers in St. Louis
Pooley Accounting Chosen as one of the TOP Picks for Best Bookkeepers in St. Louis Third Year in a Row by Expertise. How are bookkeepers chosen? Bookkeepers in the St Louis area are scored on more than [...]
Best in Reliability
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.
How to Structure Your Chart of Accounts
The most helpful item that QuickBooks has to offer is that it structures your Chart of Accounts in a way that greatly helps your accountant when it comes to tax time. But what is the Chart of Accounts? Well, it [...]
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 [...]
Third Party QBO Apps
Third-party applications can save you so much time and money when they are added to your QuickBooks file. But how do you know when it is worth it to add a third-party application? Well, let me ask you a few [...]
How Dext Prepare Can Save You Time and Money in 2021
Are you looking for new ways in 2021 to save time and money? Maybe you are looking to make your company greener or streamline processes? A great way to do all the above is with and integrated app called Dext [...]
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 [...]
QuickBooks App – Smart Receipt Capture
Are you consistently losing your receipts and bills? Do you long to have an easier way of keeping documents? Or do you hate the mounds of paperwork in your home and office? Intuit is, yet again, looking out for [...]
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 [...]
Quickbooks Mileage: Tracking Mileage in QuickBooks Online
Are you given messy or incomplete mileage logs from your employees or contractors? Are you afraid of missing out on deductions because you cannot find an accurate way to track mileage? The IRS requires awfully specific regulations for tracking mileage. [...]
Consolidated Appropriations Act 2021 – Update on PPP Loan Information
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 [...]
2021 Tax Calendar Deadlines – Federal, State, Local
Keep these dates handy for your 2021 Accounting needs.
How do I prepare for tax time?
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 [...]
Amazon Business and QuickBooks Online Integration
Do you use Amazon to purchase items for your business? Have trouble identifying those purchases within your QuickBooks Online to categorize them correctly? Intuit is looking out for you! They are consistently trying to make business owners’ lives easier, and [...]
Reap the Rewards of Great Bookkeeping: Grow Your Business with KPIs
If you want to grow your business, boost your performance, or even just survive an economic challenge like the one we’re currently facing with COVID-19, you need to measure your results. The old idiom “what gets measured gets improved” has [...]
5 Big Benefits of Filing Taxes Early
Are You Ready for Tax Season? Here are 5 Big Benefits of Filing Taxes Early We all know the saying about death and taxes. Death can be a bit unpredictable, but taxes pop up like clockwork every April. But that [...]
Changes to QuickBooks Desktop 2021 Set To Improve Business and Increase Productivity
QuickBooks Desktop is planning on releasing pivotal additions for 2021 that will improve your business. Not only will these additions make things easier, but it will also significantly decrease your workload in your day to day operations. QuickBooks Desktop 2021: [...]
Do These 7 Bookkeeping Tasks Monthly to Keep Your Small Business Healthy
Bookkeeping can be an overwhelming job if you let it pile up. The longer you wait, the more work builds, and the harder it is to complete it. Not only that but if your bookkeeping isn’t timely, you won’t have [...]
1099MISC Form 2020 – What You Need To Know
Changes to the 1099MISC Historically, the 1099MISC was used to report Nonemployee Compensation. In 2020, the Nonemployee Compensation Box is being removed and moved to its own form, 1099NEC. This form was discontinued in the 1980s, but is being resurrected [...]
Why Accounting Matters For Your Small Business
As a business owner, bookkeeping and accounting can often feel like a chore. A necessary evil that you put off until the last minute and spend as little time as possible. But there are several ways bookkeeping and accounting can [...]
Pooley Accounting Once Again Named Top Accounting Firm By Small Business Monthly
Press Release: Pooley Accounting Services Once Again Named Top Accounting Firm By Small Business Monthly LOUIS, MO -- April 28, 2020 -- Pooley Accounting Services announces it has once again been selected as one of the Best Accounting Firms [...]
3 Reasons Why Classifying Your Workers Correctly is So Important
With everything that is happening with COVID-19, there are opportunities that have opened up for Small Businesses that haven’t been available in the past. One of the benefits of having your financials in order is being ready when challenges [...]
COVID-19 Updates & Resources
Pooley Accounting and COVID-19 At Pooley Accounting Services we have been carefully monitoring the COVID-19 Outbreak and recommendations from the CDC and local authorities. In order to comply with requests to practice social distancing over the coming weeks we [...]
Press Release – Rich Lewis one of 2019’s Best Accountants STL
Creve Coeur, MO, / October 7, 2019 — Small Business Monthly’s readers have voted Rich Lewis of Pooley Accounting Services one of 2019’s Best Accountants in the St. Louis area. Of the award, Lewis said, “This is a [...]
