Staying on top of your finances is one of the most important things you can do for your small business, but it doesn’t have to be complicated. With the right systems in place, you can reduce stress, save money, and focus on growing your business. Here are four simple ways to stay organized this year. 1. Separate Business and Personal Accounts Using your personal account for business transactions can lead to confusion and mistakes. Open a dedicated business account and use it

Running a farm or ranch comes with unique challenges, and keeping your finances organized is essential for long-term success. Proper bookkeeping not only helps you track income and expenses but also ensures you’re ready for tax season and business planning. Here are some practical bookkeeping tips tailored to farmers, ranchers, and ag businesses. 1. Track Seasonal Income & Expenses Agricultural businesses often have fluctuating income based on harvests, livestock sales, or se

Running a boutique is exciting—but tax season can be stressful if you’re not prepared. Western boutiques face unique bookkeeping and tax challenges, from managing inventory to tracking sales tax on multiple product lines. With a little organization and planning, you can make tax season smooth and stress-free. 1. Organize Sales Records & Receipts Keep detailed records of all sales, including in-store and online transactions. Organize receipts and invoices by category, and make

Running a small business is hard work—and tax season can feel overwhelming. Even experienced business owners sometimes make mistakes that cost them money or cause unnecessary stress. Here are five of the most common tax mistakes small business owners make, and tips for avoiding them. 1. Missing Deadlines for Payroll or Sales Tax Late payroll or sales tax filings can result in penalties and interest, even if the mistake was unintentional. Keep a calendar of due dates and consi

Why Specializing in Farm & Ranch Bookkeeping Matters Running a farm, ranch, or western business takes grit, dedication, and a strong work...

Over the last few years, I've had many potential calls with small business owners that I've discussed using an accounting software, like...

If you’re an FFA (Future Farmers of America) or 4-H student who’s earned income from selling livestock or animal projects, first of...

Congrats on filing your LLC! Now that it's officially registered, here are the next steps to help you get your business up and running:...

Payroll taxes are an essential aspect of running a business, but they can often be confusing for business owners, especially those who...

Understanding how sales tax works is essential for both consumers and business owners in Texas. Whether you’re buying products or running...

As we enter a new year, it's time to start thinking about one important task ahead—filing your 2024 taxes. While tax season can be...

It's a new year and new deadlines. Save this post to come back to throughout the year! Tax Return Filing for 2023 Tax Returns Form 1120...

Hi and welcome to my little corner! I've always been terrible about writing about me's - so instead I'm going to list some pullet points...