To Keep Your Withholding Healthy, Get a Tax Checkup

You’ve filed your taxes for 2017, and if you’re among those who overpaid, you’ve likely already received your tax refund. Time to breathe a sigh of relief that you can stop thinking about taxes for a while, right? Not so fast. The Tax Cuts and Jobs Act has some major changes that will take effect for the 2018 tax year, … Read More

Up your Inventory Reporting Game with QBO

Part 2 of a two-part series on managing inventory with QBO. Read part 1 here. Do you have inventory for your business? When you first started your business, you might have been able to keep track of your merchandise by counting manually. But as you and your product list grew, this became impractical. You might have recorded it all in … Read More

How QBO Can Help you Manage and Track Inventory

 Part 1 of a two-part series on managing inventory with QBO. Remember the early days of your business, when you could keep track of the products and services you sold with a written list or spreadsheet? Good times. And remember when your business grew as you added additional products and services? Even better times. And…remember when you got to a … Read More

How Small and Mid-Size Law Firms Can Benefit from Outsourcing Accounting

Law firms are among the most client-driven businesses around. Every day, attorneys are focused on doing the best they can to advance their clients’ interests. While meeting client needs should always be a top priority, small and mid-size law firms also face the challenges common to most small and growing businesses. They include: Managing cash flow Staying in compliance with … Read More

4 Ways Your Accountant Can Help You – Other Than Doing Your Taxes

When I talk with people about what we do at Gibbons & Gibbons, I refer to us as an accounting and business advisory firm. Accounting and tax services are what people expect to hear. It’s that second part – business advisory services – that most people want to know more about. Every small and mid-size business owner I work with, … Read More

Guide to Customizing QuickBooks Online for Your Business

Make your tasks easier and faster by customizing QBO for your company. QuickBooks Online was designed to be used by a variety of business types. Its versatility is one of the reasons QBO is such a popular small business accounting website. No matter whether you’re an HVAC repair company or a purveyor of artisanal craft beer, you can customize QBO … Read More

Automated Accounts Payable: A Great First Step for Tech-Averse Law Firms

Three big reasons every law firm should implement automated accounts payable. I have several attorneys in my immediate family, and I’ve worked with many as clients over the last 26 years. With every attorney I’ve known, there’s one common thread: not one of them likes risk. Risk aversion seems to be ingrained in their DNA. While avoiding risk is often … Read More

Why do businesses cling to the paper check?

How Cloud Companies Are Killing Checks http://www.bloomberg.com/news/articles/2015-03-12/cloud-companies-push-digital-payments-to-u-s-businesses The amazing quote to me by Celent analyst Gareth Lodge, “The U.S. is 20 to 30 years behind other countries in moving away from paper.” I have had a number of clients over the years have their banking information stolen from a paper check.  Due to this, many of these businesses have had to keep … Read More

Successful Cloud Accounting

Move Accounting to the Cloud: 7 Rules for Successful Cloud Accounting http://experts.allbusiness.com/7-rules-for-successful-cloud-accounting/14509/   “Accounting software has natural hooks into every other business process, so putting it into the cloud enables both cost savings and new benefits that you may never have imagined.”..Mr Worrell really hit the nail on the head. Most small business owners are already working in the cloud … Read More