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What Is a Profit and Loss Statement?

What Is a Profit and Loss Statement?

A Profit and Loss is a statement that provides a financial breakdown of your business and its financial health. In addition, the Profit and Loss Statement assists when applying for business loans and personal loans.

The Most Common Self-Employment Tax Deductions

The Most Common Self-Employment Tax Deductions

If you are a self-employed independent contractor, you are probably wondering if you can reduce self-employment taxes. The answer is yes you can!

Good bookkeeping practices make keeping track of your financial records throughout the year simpler. By keeping good bookkeeping records, you relieve added frustration and confusion during income tax season.

Helpful Tips to Prepare for Income Tax Season

Helpful Tips to Prepare for Income Tax Season

Business owners and entrepreneurs outsource bookkeeping or employ an in house bookkeeper to keep their finances and paperwork in order all year. Here are my tips to help you to prepare for income tax season so you can achieve a smooth season year after year.