Authentic Bookkeeping Service

Happy International Freelancers Day!

Did you know that about 46% of the work force today are freelancers. The world has changed since the pandemic and so many more people have gone into business for themselves.

What does this mean for the average business owner? It is important to be sure that you have a good accounting system set up to track income, expenses and even taxes.

Get your books organized today!

Leave a comment below....What made you go into business for yourself?

Book your low cost bookkeeping review today!

https://koalendar.com/e/meet-with-tysheena-b

# Bookkeeping

Are you misclassifying your workers?

Misclassifying worker can cause serious and unwanted consequences for your business. These consequences can include penalties like back taxes on the federal and state level, lawsuits or even having to repay insurance premiums.

Knowing how to define and classify if a worker is a contractor or an employees doesn't have to be hard. Below you will find a few ways to determine if your worker is a contractor or an employee. You may also take a look at this helpful article for an in dept understanding of the two.
https://www.score.org/resource/employee-or-independent-contractor-understanding-classification-tests

Get your books organized today!

Leave a comment below....Do you need help understanding how to classify your contractors or employees?

Book your low cost bookkeeping review today!

https://koalendar.com/e/meet-with-tysheena-b

# Bookkeeping

Stop neglecting to save your receipts.

Receipts under $75 may not be required by the IRS but it is always best practice to save them anyway. It creates the habit for the larger receipts it also provides a paper trail in case of an audit. Believe it or not those little purchases add up and may be to be explained as some point in the life of your business.

A good way to organize and store receipts is by using a digital platform like QuickBooks who has a receipt feature or Hubdoc. You can also snap a picture and upload them to Google drive or Drop box in a shared file with you accountant/bookkeeper .

Get your books organized today!

Leave a comment below....Do you save your businesses receipts?

Book your low cost bookkeeping review today!

https://koalendar.com/e/meet-with-tysheena-b

# Bookkeeping