Blog Archives

fixed assets listing

Did you know that if you have fixed assets, those fixed assets can be depreciated? this would be important to know because it literally means more cash in your pocket. But in order for that to happen you have to

Posted in Uncategorized

The proof is in

It actually is life or death like I say in the introduction to my new book. 

Posted in Uncategorized

over paying your taxes?

it’s actually the most common thing in the world. Well that might be a little bit of an exaggeration, but over Bangor taxes happens all the time. I just met with someone who got an audit from labor and industries.

Posted in Uncategorized

How to handle an audit

I come from a school of thought that says everybody’s busy and everybody wants to do a good job. This includes auditors. what an auditor is thinking about looking at your business, what they’re looking for are clues to a

Posted in Auditing

Free Tax Hotline

this year, Sound Bookkeepers is offering a free Tax Hotline for entrepreneurs. Simply call 844 TAXESWA.

Posted in Uncategorized

Scary Statistics

53% of college grads are underemployed or unemployed and 70% of college grads have degrees they can’t apply in the workforce. This is one reason why the self-employment lifestyle is gaining ground. These days, the word startup is so common

Posted in management, professional bookkeeping, The real numbers

Why isn’t paying back a loan an expense?

here’s one way I can explain this. This is the accounting equation Assets = Liabilities + Owner’s Capital + Revenues – Expenses – Owner’s Draws For Corporations it’s Assets = Paid-in Capital + Revenues – Expenses – Dividends – Treasury

Posted in Bookkeeping Questions, professional bookkeeping

No website? “You’re not alone” says Infusionsoft

I just finished reading the 2015 Infusionsoft Small Business Market Research Sales and Marketing Report. (whew, that’s a lot to say). Turns out, word of mouth is still the number one way small businesses grow. And can you believe it,

Posted in marketing

Sound Bookkeepers wins best Accounting of Shoreline 2 years running!

Press Release FOR IMMEDIATE RELEASE Sound Bookkeepers Receives 2015 Best of Shoreline Award Shoreline Award Program Honors the Achievement SHORELINE October 1, 2015 — Sound Bookkeepers has been selected for the 2015 Best of Shoreline Award in the Bookkeeping category

Posted in marketing, professional bookkeeping

How do you bill?

A client asked this question so I’m copying the answer I sent them in the hopes it will help you. “We are about to buy a computer and I’m about to start paying for software subscriptions. I’m assuming we’d just

Posted in Invoicing, receipts