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

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The proof is in

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

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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.

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Free Tax Hotline

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

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Building Good Accounting Habits

Here is a new video I just created to help my clients and others build good accounting habits. Please give it a view and a like if you feel. Thanks.

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why two sets of books are essential

in the literal sense, keeping two sets of books is illegal according to the IRS. But the truth to that, and the reality of that are not the same thing. Your tax reporting forms are set up for the IRS

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4 Hurdles in Business

Hurdle 1.  Make your first dollar.  Until then, your business is just a hobby. Hurdle 2.  Make enough money to cover your personal bills.  Until then, your business is a business on the side. Hurdle 3.  Make enough money to

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what has little value to you

it’s a basic laws of economics, on the whole, we exchange things of lesser value for things of greater value. When we pay for something which we want, that thing needs to have greater value than the price we pay.

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When should I rent a space?

The appropriate time to rent a space is when it’s costing you money not to have one.

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it’s tax time and the phone is ringing

it’s about this time that the phone starts ringing with people who need to file the returns. Do try and remember that you will never know how truly qualified your tax preparer is unless something goes wrong. It’s not until

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