Where Do I Find My Pay In My Financial Statements?


You started a business, you worked like crazy, and now it’s finally time to pay yourself for all the hard work.  That’s awesome, but where do you find these payments on your financial statements? The treatment of owner’s pay is determined by the structure of the business. Single-member LLC (sole proprietor) or a partnership: Payments … Continue reading Where Do I Find My Pay In My Financial Statements?

FAQ: Is It Common To Owe A Lot On Multiple State Tax Returns?


Credit for Other State Taxes Last week, we had a client call to ask if it is normal to owe several thousand dollars on their tax return in both Kansas and Missouri.  The answer? No, it is not normal. There are some situations where this happens, however, if you are only a W-2 employee, you … Continue reading FAQ: Is It Common To Owe A Lot On Multiple State Tax Returns?

Why Should I Reconcile My Bank?


Why should I reconcile my bank every month? We are frequently asked, “Is it really necessary for me to reconcile my bank? It downloads into QuickBooks Online and I record everything there.” The answer is, YES! It is incredibly important that you are reconciling your bank and credit card accounts every month. There are three … Continue reading Why Should I Reconcile My Bank?