Start the Year Strong: A Bookkeeping Checklist for Small Business Owners
The start of a new year is one of the best opportunities a business owner has to reset, get organized, and build momentum. Instead of waiting until tax season to “deal with the books,” January is the perfect time to put a few smart financial habits in place that will make the rest of the…
Why Filing 1099s Matters for Small Business Owners
By: Charlotte Van Dyck As a small business owner, it’s easy to focus on day-to-day operations and overlook administrative requirements that only come around once a year. Filing 1099s is one of those responsibilities, and while it may feel like a minor task, it plays a major role in keeping your business compliant with IRS…
Navigating Year-End Generosity as a Small Business Owner
By: Charlotte Van Dyck The holidays are a wonderful time to show appreciation, spread goodwill, and celebrate the relationships that keep your business moving forward. From employee gifts and bonuses to appreciation of clients and charitable giving, year-end generosity has both an emotional and a financial impact. When planned correctly, many of these seasonal expenses…
Closing the Year Strong: How Holiday Decisions Impact Your Financial Reports and Taxes
By: Charlotte Van Dyck The financial decisions you make during the holiday season don’t just affect December. They shape your year-end financial statements and your tax return. Increased spending on marketing, payroll, equipment, gifts, and events directly impacts your profit, taxable income, and cash flow. Seasonal promotions and advertising often drive revenue growth, but they…
Giving Thanks: Celebrating the Season of Gratitude as a Small Business Owner
By: Charlotte Van Dyck As the year winds down and Thanksgiving approaches, it’s the perfect time for small business owners to pause and reflect. Not just on profits and goals, but on the people and partnerships that make their success possible. The giving season offers more than a chance to say, “thank you.” It’s an…
Tax Season (Finally) Wrapped Up? How to Stay Ahead for Next Year
By: Charlotte Van Dyck If you’re a small business owner who filed for an extension, congratulations, you made it! The October tax filing deadline marks the official end of the prior year’s tax season, and for many business owners, it’s a huge relief to finally cross that finish line. As the rush of extensions winds…
The Detective Work of Bookkeeping: Solving the Mysteries in Your Numbers
By: Charlotte Van Dyck October is the perfect time for a little mystery, and in bookkeeping, there’s plenty of it. While we may not be chasing ghosts or haunted houses, we do spend our days tracking down missing receipts, uncovering financial “phantoms,” and solving the occasional spooky surprise in a business’s books. At Team One…
How We Track Down Reporting Problems in QuickBooks
By: Charlotte Van Dyck QuickBooks is a terrific tool for managing small-business finances, but if the numbers you see don’t match reality, it can feel like you’re flying blind. Reports that don’t add up aren’t just annoying; they can lead to poor decisions, tax headaches, and even compliance issues. At Team One Accounting, we think…
Back-to-Business Checklist – Resetting Your Books and Your Routine
By: Charlotte Van Dyck September brings a certain “back-to-school” energy that we can all benefit from: new routines, sharper focus, and a fresh start after Summer. It’s the perfect time for small business owners do the same with their finances. Think of this as a “back-to- business” checklist for your books. Step 1: Reconcile Your…