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Deductible expenses (and what NOT to deduct)

August 12, 2020August 12, 2020Bookkeeping
Do you know your deductions?

Every year you do a lot for your business, and much of it costs money. You can use those expenses to save money on your taxes. The IRS lets you take deductions, which are business expenses that are legally permissible […]

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Simple Expense Tracking, Calendar Version!

July 13, 2020July 28, 2020Bookkeeping

I like to keep things simple when I can! This series is all about simple expense tracking, business, personal or BOTH. It shows you tricks to find out what you spend, and keep track of it from year to year. […]

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Our Virtual Office

May 30, 2020June 1, 2020Bookkeeping, Tech & Security

What makes a good remote office? Happy Bookkeeping has always been a virtual office – we talk about what makes it work, why we do it, and what we use.

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What is financial coaching?

April 18, 2020June 1, 2020Bookkeeping

What is a financial coach? In today’s complex financial world, people are actively seeking advice about money. A financial coach helps you plan, holds you accountable, and contributes to your financial well-being.

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Welcome!

Miriam Mueller, Happy Bookkeeping

Miriam Mueller (@happy.bookkeeping) is a bookkeeper who works with nonprofits and creative people all over the United States. She talks about finance, security, organization, and books that relate to small businesses and small nonprofits. Read more –>

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Happy Thanksgiving!⁠ ⁠ What are your favorite Happy Thanksgiving!⁠
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What are your favorite treats on this holiday?⁠
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Did you know the IRS accepts scanned receipts? You Did you know the IRS accepts scanned receipts? You don't have to keep paper copies. ⁠
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These days many storage options exist for keeping your documentation in the cloud, such as Dropbox (my choice), Box.net, Google Docs and other specific receipt solutions like Receipt Bank or Neat. These document storage solutions are backed-up and available 24/7.⁠
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Most good accounting programs also offer an online, cloud-based solution, the most well-known being Quickbooks Online and Xero. Cloud solutions allow people to share accounting software rather than it being tethered to a particular person or computer. ⁠
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No filing cabinets required.⁠
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#Cloud #Paperless #TuesdayTip #TuesdayTips #BusinessTips⁠
#Bookkeeper #Bookkeeping #Accounting #Finance #PopQuiz #IRSTaxRules #Audits #SmallBusiness #SmallBiz #business #consulting #tax #BusinessAdvisory #BusinessTips #legal #Entrepreneur #entrepreneurship #WomenInBusiness #SmallBusinessOwner #EntrepreneurLife #BusinessOwner #KnowYourNumbers #Purchasing #NonProfit #NonProfitFinance
“The type of person you are is usually reflected “The type of person you are is usually reflected in your business. To improve your business, first improve yourself.”⁠
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--Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability⁠
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People describe me as a person of knowledge, integrity, and conscientiousness. Those traits are at the heart of the business I run! I love gathering knowledge, strongly believe in integrity, and am precise and organized to a fault. I can't imagine trying to run a business that doesn't reflect me or the values that I have. ⁠
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What traits does your business reflect of you?⁠
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#quoteoftheday #quote #honesty #integrity #quote
Pop Quiz!⁠ ⁠ The answer is that you should alw Pop Quiz!⁠
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The answer is that you should always keep business and personal accounts separate. Not mixing business and personal is the first rule of accounting for all businesses, not just small businesses. Sorting it out is sometimes one of the first things I do for people. ⁠
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#quiz #SmallBusiness #SmallBiz #entrepreneur #bookkeeping #Bookkeeper #Accounting #finance
Word Wedesday:⁠ ⁠ BASIS is a fundamental accou Word Wedesday:⁠
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BASIS is a fundamental accounting concept. It can mean different things in different contexts. Sometimes the particulars are different depending what you're talking about, like real estate or securities..⁠
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Generally, it means the total cost of acquiring something. It's the sum of the original cost as well as the expenses that go into the purchase like commissions and fees.  Later, if you want to figure out how much an asset's worth has increased or decreased, you use the "basis" or original cost to determine the value.⁠
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For taxation, basis means the original cost less depreciation. Depreciation is a complicated topic that whole books have been devoted to, with charts galore, but the basic idea is that each year assets lose a little of their value from the original cost.⁠
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#basis #WordWednesday #wordoftheday #instawords #Dictionary#Bookkeeper #Bookkeeping #Accounting #Finance #PopQuiz #IRSTaxRules #Audits #SmallBusiness #SmallBiz #business #consulting #tax #BusinessAdvisory #BusinessTips #legal #Entrepreneur #entrepreneurship #WomenInBusiness #SmallBusinessOwner #EntrepreneurLife #BusinessOwner #KnowYourNumbers #Purchasing #NonProfit #NonProfitFinance
Mind your business's bottom line!⁠ ⁠ Where do Mind your business's bottom line!⁠
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Where do you find that?  It's the last line on your Profit & Loss statement. Or if you're a nonprofit, on your Statement of Activity (the reports are the same thing).⁠
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To get to the bottom line, you fisubtract Cost of Goods Sold and Expenses (everything you spend on the product and the business) from all your revenue (income). What's left over is the profit, which is the bottom line.⁠
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The bottom line will tell you if you've spent more than you've made over a period of time. You can run this report per month or quarter or year, and see how your spending has been during different periods of time.  Comparing different periods during the year will give you a better idea of the cycles of income and expenses that your business has over the year. Identifying the things that make your business profitable can only help your business be more profitable.⁠
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#TuesdayTip #TuesdayTips #BusinessTips⁠
#Bookkeeper #Bookkeeping #Accounting #Finance #PopQuiz #IRSTaxRules #Audits #SmallBusiness #SmallBiz #business #consulting #tax #BusinessAdvisory #BusinessTips #legal #Entrepreneur #entrepreneurship #WomenInBusiness #SmallBusinessOwner #EntrepreneurLife #BusinessOwner #KnowYourNumbers #Purchasing #NonProfit #NonProfitFinance
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