Business Planning
Clean Financial Books for a Smooth Tax Season
Tax preparation season is upon us. As entrepreneurs, it is up to us to ensure we are on the right path to proper tax filing, with the help of tax and accounting professionals, of course! Your local Orange County bookkeepers at Team One Accounting are ready to help get your…
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Starting the New Year Strong: Identifying Your Priorities as a Business Owner
As we begin the New Year, now is an opportune moment for entrepreneurs and business owners to reflect on their aspirations and set the tone for the year ahead. At Team One Accounting, your trusted local Orange County bookkeeping service, we understand the significance of starting the year on the…
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Understanding 1099 Forms: A Small Business Guide
When it comes to running a small business, managing finances is paramount. One essential aspect that often puzzles entrepreneurs is the realm of tax forms, especially the enigmatic 1099. As the year begins to come to a close, it’s important to begin preparing for tax season as a business owner.…
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Building Your Supply Chain’s Resilience
Supply chain breakdowns continue to stymie small businesses, causing them to lose sales and profits. Whether your business has been affected or not by supply chain delays and shortages, it’s a good idea to take steps to make your supply chain as resilient as possible. Your supply chain starts with…
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Don’t Shortchange Yourself: What an Entrepreneur’s Pay Should Cover
Being in business means taking a lot of risks, especially financially, and as an entrepreneur, you deserve to be rewarded for those risks. Your pay is just one of the many benefits of your self-employment. But it’s not like the pay you get as an employee; it needs to be…
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Team One Accounting is Orange County’s Local Bookkeeping Service, here to help with all your bookkeeping needs. Let’s explore:5 Ways to an Accountant’s Heart
1. A Successful Partnership Intuit conducted a survey in October 2022 which found tremendous benefits to the accountant-business owner relationship: ● Nine out of ten small businesses with an accountant or bookkeeper say they contribute to the business’s success. ● More than eight out of ten business owners say accounting…
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6 Ideas to Put the Spring into Your Spring Revenue
While spring brings a change in the weather for most locations, it also brings a number of opportunities to refresh your products and services. Spring is a great time to boost your marketing campaigns so that you can boost your business revenues. For Example, “Let us give your Books a…
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Do You Need a Business Savings Account?
If you have accumulated more money in your business checking account than you really need for daily operating expenses, that is a nice problem to have! It’s time to consider putting that money to work. A business savings account might be your answer. Every bank is different when it comes…
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Understanding Equity on the Balance Sheet for a Sole Proprietor
The equity section of the balance sheet looks different depending on the legal structure of your business. The most common entity types are corporations, partnerships, and sole proprietors. In this article, we’ll take a look at what the equity section of the balance sheet looks like for sole proprietors. The…
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Here’s what you need to know about Knowledge Panels
Are you looking for new ideas to market your business? If so, knowledge panels might be something to consider. Most people haven’t heard of them, but they are widely used in search results every day. Knowledge panels are the information panels that appear on the bottom right corner of your…
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