Posts Tagged ‘accounting’
QuickBooks 101: How To Create A New Product or Service For Customer Invoices (And Map it To Your P&L)
So you’ve created a new product or service, and you’re excited about this new source of income. You set it up in your QuickBooks, and you get ready to start sending out QuickBooks customer invoices and track that income. Then you wait to see just how this new income stream will affect your P&L report.…
Read MorePractical Strategies To Reduce Tax Liability (that you can implement NOW)
UPDATED FOR 2026 Is it too soon to start talking about next year’s taxes? I know, You’re probably busy enough getting through THIS tax season right now, never mind what your tax bill might look like this time next year. Why should you think about how to reduce your tax liability for next year? But the…
Read MoreHow To Lower Your Tax Bill (Without Slashing Your Cash Flow)
UPDATED for 2025 In my first few years in business, I turned a good size profit. That was the good news. Unfortunately, there was a catch to the early success that I had. I didn’t realize that with a good size profit there is often a good size tax bill. A tax bill, it turns…
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