by Mike Krauss | Aug 23, 2021 | Accounting and Bookkeeping
Enter Loan Interest Expense every month or at year-end? While it is not wrong to book your loan interest expense at year end, my preference is to have that interest spread throughout the year. I created a spreadsheet to summarize the monthly journal entry to record...
by Mike Krauss | Aug 3, 2021 | Accounting and Bookkeeping
Entering prepaid revenue (subscription revenue) and automating the allocation of prepaid revenue over time using QuickBooks Online.
by Mike Krauss | Jan 1, 2021 | Business Income Tax, Individual Income Tax
When determining your business’s annual vehicle expenses, you generally have the option of using actual expenses incurred or the Federal Mileage Rate. Who Uses the Federal Mileage Rate Using the Federal Mileage Rate primarily involves keeping track of miles...
by Mike Krauss | Dec 17, 2020 | Business Income Tax
Electing to have your Single Member LLC treated as an S-Corp for tax purposes could lead to tax savings. Discover the advantages of S-Corp election.
by Mike Krauss | Dec 13, 2020 | Accounting and Bookkeeping, Business Advisory
Choosing a CPA or accountant can be a difficult and time consuming process… And in the end, there’s no guarantee that you’ll find just the right person to meet your needs. I’m sure there are endless horror stories of bad accountants and CPAs who are…...