Joe Harris

What’s the difference between Bookkeeping and Accounting[With real-world examples]:

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As a business owner, you’re constantly juggling various aspects of managing your company. Among these crucial tasks are bookkeeping and accounting, two functions often used interchangeably but with distinct roles and responsibilities. Understanding the disparities between the two can profoundly impact your business’s financial health and decision-making processes. Bookkeeping: The Foundation of Financial Records Bookkeeping… Continue reading What’s the difference between Bookkeeping and Accounting[With real-world examples]:

Understanding IOLTA Account: A Comprehensive Guide for Business Owners

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As a small business owner, managing your finances efficiently is crucial for the success and sustainability of your enterprise. One financial tool that you may come across is the Interest on Lawyers Trust Accounts (IOLTA) account. In this article, we’ll explore what an IOLTA account is, how it works, and why it might be beneficial… Continue reading Understanding IOLTA Account: A Comprehensive Guide for Business Owners

Everything you need to know about Schedule SE(Form 1040) and how to fill it

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As a small business owner in the United States, navigating through tax obligations can be daunting. Among the various forms and schedules, Schedule SE holds particular significance, especially for those who are self-employed. In this blog, we’ll break down what Schedule SE is, why it matters to you as a small business owner, and how… Continue reading Everything you need to know about Schedule SE(Form 1040) and how to fill it

How to separate Business and Personal Finances

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How to file taxes for multi member LLC

As a small business owner, managing finances can be daunting, especially when it comes to distinguishing between personal and business expenses. Blurring the lines between the two can lead to financial chaos and potential legal issues. In this guide, we’ll explore practical strategies to effectively separate your business and personal finances, ensuring financial stability and… Continue reading How to separate Business and Personal Finances

Netflix’s Guide to a Great Work Culture

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Netflix

Netflix is a streaming media company that has disrupted the traditional entertainment industry with its innovative approach to content creation and distribution. The company’s unique work culture has played a key role in its success and has been widely lauded in the media. One of the key elements of Netflix’s work culture is its focus… Continue reading Netflix’s Guide to a Great Work Culture

Stripe’s Guide to a Great Work Culture

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stripe company

Stripe is a technology company that provides a payment processing platform for businesses. The company was founded in 2010 and has grown significantly, now employing over 4,000 people in offices around the world. One of the keys to Stripe’s success has been its strong company culture and values, which have helped to attract and retain… Continue reading Stripe’s Guide to a Great Work Culture

What is a Double Declining Balance and it’s formula?

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As a small business owner in the United States, navigating the financial aspects of your enterprise is crucial for long-term success. One area that often requires attention is asset depreciation. In this guide, we’ll explore the Double Declining Balance method, a straightforward approach that can benefit small businesses looking to manage their assets efficiently. Understanding… Continue reading What is a Double Declining Balance and it’s formula?

How Hiring a Bookkeeper Can Strengthen Your Business

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In the fast-paced world of entrepreneurship and business management, daily operations and strategic planning often consume our attention. Amidst all the chaos, we frequently overlook a critical factor that can either make or break our financial success: proper bookkeeping. You might be asking yourself, “Why should I hire a bookkeeper?” Well, the answer lies in… Continue reading How Hiring a Bookkeeper Can Strengthen Your Business