This basically asks in a strange legalese fashion if the income you have made in this year was directly from working on your business (i.e. the income wasn’t “passive” from activities like investments). To get you started with your Schedule C, we will walk you through each section, line by line, so you know exactly […]

It is the most common way that businesses and bookkeepers use to record revenues and expenses. If you don’t have a bookkeeper, you’ll be responsible for reconciling your bank accounts. Bookkeeping for construction companies comes with its challenges and requires a unique approach. Why Do Certain Organizations Outsource Bookkeeping? Generate regular financial reports, including profit […]