Start Planning Now for 2022 Income Taxes
You may not have even completed your 2021 taxes yet. But now is an ideal time to start getting ready for your 2022 returns. We know that you’re in some stage of preparation for your 2021 income taxes. It may seem odd to start thinking about 2022 taxes just now, but actually, this is…
Missing 1099 Creates Trouble
Uriah Vincent Jones worked for three employers during the year. He also worked as an independent contractor for a condominium developer. In preparing his tax return for the year, Jones left out the 1099 income from the condominium developer. Shortly after filing his return, Jones received the 1099, but he did not file an…
Automation—Your #1 Tool for Success in 2022
Business is never about maintaining the status quo. To beat the competition and reach your profit goals, you need to be the one drawing clients your way. In a continuously changing environment, yesterday’s techniques simply don’t suffice to survive tomorrow. So, at the start of 2022 what are you doing to set yourself apart from…
Getting Started with QuickBooks Online in 2022
QuickBooks Online is one of the most popular brands of cloud-based bookkeeping software for small businesses. It gives business owners the convenience of remote access to their finances at any time from any device that has the ability to browse the web. If you have a service-based business, this software comes highly recommended by business…
8 QuickBooks Reports That You Should Be Running Regularly
QuickBooks provides dozens of customizable report templates. You know when you need some of them, but which are musts? You send invoices because you sold products and/or services. Purchase orders go out when you’re running low on inventory, and there are always bills to pay, it seems like. All of this activity is, of…
Why You Should Master QuickBooks as a Small Business Owner
Are you looking for a simple way to manage your business finances? As a small business owner, one of the best tools available to you is QuickBooks, a popular bookkeeping software that makes your record-keeping significantly easier. Here are some of the top reasons you should master QuickBooks as a small business owner: Integration.…
Trading Places with Allan Boomer
Will Clanton: Welcome to the We Love Entrepreneurship podcast. I am honored today. I got a very special guest joining me today, Mr. Allan Boomer. Allan has been in the financial industry for over 20 years. He’s spent the bulk of his career advising institutional clients and wealthy families. Prior to founding Momentum, Allan…
Business & Personal Combined Tax Submissions—All the Advice You Were Looking for
There are many tax dates coming up in the coming months. And even with extensions being announced, April and May will be one of the most important seasons in terms of tax. Are you ready yet or have you been putting off this task for a while now? Often, if you can simply get started,…
Tax Season CAN Be Different – Better
Are you rushing around trying to get your taxes in order? Are your books in a mess? The deadline for business taxes is May 15th so, understandably for most business owners, your stress levels are high. This year it’s probably exacerbated by the many ways Covid-19 affected businesses. Our message: don’t let taxes be…