Being an independent contractor has its perks. You're the boss, setting your own hours and enjoying a level of freedom that employees don’t have. However, it also means taking on the responsibility of handling your own financial matters, such as benefits, taxes, and retirement planning. In this blog, we’ll break down everything you need to know about managing your finances as an independent contractor, from tax responsibilities to best bookkeeping practices.

If you’re still managing your accounting firm the old-fashioned way, you’re missing out big time. Switching to cloud accounting software is no longer just an option it is more of a necessity for businesses looking to thrive in a fiercely competitive environment.

Managing finances can feel overwhelming. Whether you’re running a startup, managing a family budget, or growing a small business, keeping...

Big or small, having accurate financial records is crucial. Businesses may suffer severe financial and legal consequences if they don't have an appropriate record-keeping system. Accurate records keep firms organized and effective and allow them to make wise decisions based on solid information.

If you’re not giving cash flow management the attention it deserves, you could be putting your business at risk. Tracking cash flow isn’t as scary as it seems. Here are the top 5 hacks for improving your business cash flow

The days of using desktop software, bookkeeping spreadsheets, and manual data entry for accounting processes have long passed. If your organisation is still relying on such outdated methods to balance your books, you’re missing out on the many advantages of cloud accounting tools that have helped countless businesses streamline their processes, boost efficiency, and reduce expenses.

Expense tracking is an important aspect of managing a small business’s finances. It can help address cash flow problems. However, small businesses may struggle to track expenses if they don’t have a solid expense tracking system in place. They must be prepared to manage receipts and invoices, categorize transactions accurately, and reconcile accounts without errors.

Business owners can find themselves in a difficult situation when trying to switch over to new accounting software. There are many mistakes that can be made, so it’s important to make sure you’re aware of them.

Learn how to calculate and apply California sales tax to stay compliant and avoid penalties

Clean bookkeeping is crucial for small business owners as it provides a clear understanding of their financial health, facilitates...

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Ensuring compliance with various reporting requirements and forms is crucial when preparing for year-end accounting and payroll.

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For many small business owners, bookkeeping isn’t exactly their favorite task. If you want to crunch the numbers faster and return to the...

Every business can benefit from bookkeeping services since it’s an efficient way to stay organized, stay aware of all of your expenses,...

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Form 1095-C is a tax form sent from employers to employees that describes the health insurance that is available to them. This annual...