Bookkeeping
Stop Mixing Business and Personal Expenses
Watch Dave, one of Boxelder’s tax experts, break down why separating business and personal expenses is one of the most important habits a small business owner or freelancer can build, and what happens when you don’t. If you have ever paid for something on your personal card and thought “I’ll sort it out later,” this […]
What Is Found on a Balance Sheet?
Balance Sheet Basics A balance sheet is one of the most important financial statements a business can have. It shows a snapshot of your company’s overall financial condition at a given point in time and shows exactly what is found on a balance sheet: assets, liabilities, and equity. Understanding these three categories is essential for […]
3 Filing Mistakes That Cost You – and How Boxelder Keeps Them Off Your Return
Tax law is complex, but the IRS says the errors that delay the most refunds are simple. Paper returns run an eye-watering 21% error rate, compared with <1% for e-filed returns. Below are the three filing mistakes that cost you money we see most often – and how our team makes sure they never touch […]
The S-Corp Secret: Why S-Corps are Perfect for Small Businesses
We’re gonna let you in on a little secret. Let’s say that, during the pandemic, you started up an online consulting service to make some income on the side. You probably weren’t expecting to start raking in six figures right off the bat, so it would have made sense to set up your business as […]
4 Reasons To Hire A Bookkeeper For Your Business
It’s not always easy to know when it’s time to outsource your bookkeeping. Some small business owners can continue on without a bookkeeper longer than others. But as your business grows in revenue, size and complexity, hiring a part time bookkeeper will become a necessity. In this post, we’ll go over our top four reasons […]
The Ultimate Guide to Payroll Systems
Continuing with our series on bookkeeping services, in this post we’re going to introduce and discuss the topic of payroll systems. When you run a business, there are many, many tasks you have to perform in order to keep your business functioning smoothly. Bookkeepers can help you perform certain of these tasks, such […]
Boxelder & Bench Combine Forces: A Comprehensive Bookkeeping Solution for Tax Resolution
Boxelder and Bench: How a Client-First Tax Resolution Firm Solved Bookkeeping ORIGINAL ARTICLE POSTED ON SEPTEMBER 18, 2018 READ THE FULL ARTICLE HERE While many tax resolution firms often leave clients to sort out their own bookkeeping, the team at Boxelder went out of their way to find solutions. But they kept hitting a wall. With […]