The Mileage Deduction: What to Know About Using Your Car For Business
Do you drive in the course of running your business? If so, there’s a tax benefit you might be able to take advantage of. The miles you put on your odometer or the cost of using your car for the following types of drives can be deducted from your business taxes: Drives between offices – […]
Tax Considerations for Married Couples in Business Together
A lot of businesses are family operations. When you need some extra help, the first people you look to are often the ones you know and trust more than anyone else. Or if you’re just starting a business, opening it with a loved one can make the adventure more comfortable and exciting than going about […]
Determining if You Have a Business or Hobby
Many business owners started off with a hobby that became a business over time. Some people set out with the intention of building a business from their hobby while others are pleasantly surprised to discover there is opportunity to make a living from their passion. Whatever the motivation, it’s important to know when a hobby […]
What Business Records Should You Keep and For How Long?
Most business owners know they should hold onto important documents related to their company’s finances. But have you ever wondered what documents you really need to keep and when it’s finally okay to throw them away? The truth is, it really depends. It depends on the specific document and what you use it for. The […]
Tax News: Due Dates For ACA Forms Extended
Back in November, we published a blog post notifying large employers that the Employer Shared Responsibility provision of the Affordable Care Act (ACA) would take effect in 2016. The provision requires businesses that employed at least 50 full-time employees or full-time equivalents (FTEs) in 2015 to report on the health insurance coverage they offered to […]
The Home Office Deduction: How to Qualify and Calculate
When you first start a business, running it from home makes a lot of sense. Renting a workplace often isn’t practical when you’re trying to keep costs low. And it’s easier than ever to reach potential customers and stay in touch with colleagues and partners from the comfort of your own home. Most business owners […]
The Differences Between Bookkeepers and Accountants
Many people think the terms “bookkeeper” and “accountant” are interchangeable and can be used to describe people who do the same job. While there is some crossover, bookkeepers and accountants perform distinctly different roles for the businesses they serve. Business owners that don’t realize the differences can end up hiring the wrong firm, which can […]
Hubdoc Names BKE CEO Keith Mueller a Top 50 Cloud Accountant of 2015
Our friends at Hubdoc recently released their “Top 50 Cloud Accountants of 2015 (North America)” and we’re proud to see BookKeeping Express (BKE) CEO Keith Mueller made the list. Here’s the nice comment Hubdoc had to share about Keith and the BKE team. “Keith knows first hand the pain businesses face to get their books […]
Understanding Fixed, Variable And Semi-Variable Costs
In the world of accounting and bookkeeping, there are three different types of costs – fixed, variable and semi-variable. Understanding these costs can help you better grasp how your money is spent. They can also be used to project your expenses, create a budget, and develop revenue targets for your business. Fixed costs Fixed costs […]
Why It’s Important to Keep Business and Personal Finances Separate
“Don’t mix business and personal finances,” is one of the most common pieces of advice given to business owners. And for good reason. Many business expenses can be deducted from your taxes but most personal ones cannot be. So when personal expenses get recorded in your business’s financial records, you’re setting yourself up for trouble […]