Lucrative Bookkeeping

Quickbooks

1099 NEC

Navigating 1099s: A Guide for HVAC Businesses

As the end of the year approaches, one thing that may be creeping in the back of the minds of HVAC business owners are the often-dreaded 1099s. While the prospect of navigating tax documentation may seem daunting, a proactive approach can streamline the process and ensure compliance. In this guide, we’ll break down the essentials […]

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Tax Season

HVAC Business Owners: Three Tips to Staying Cool During Tax Season

Tax season can be a stressful time for HVAC businesses, with complex regulations and the potential for unexpected surprises. However, with the right strategies in place, you can minimize your tax bill and stay cool during this potentially stressful time of year. Let’s explore three essential tips to help you navigate tax season smoothly and

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Cash Flow

Uncovering Lost Cash: How Our Firm Recovered $10,500 for a Client

In the realm of finance, the accurate tracking of incoming payments is crucial for maintaining a healthy cash flow. At our firm we pride ourselves on our meticulous attention to detail when managing our clients’ financial records. Today, we’re excited to share a success story that highlights how we helped a client recover $10,500 in

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Business Owner

What Does the Inflation Reduction Act Mean for Your Business?

You may have heard of the Inflation Reduction Act, which was recently passed. As with most government bills, there’s quite a bit in it (more than I can wrap my head around), but with different tidbits floating around, you might be wondering what it means for your business. On the tax side, there were a

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Accounting Reports

How do the Financial Statements Tie in With One Another?

Whether or not you handle your own bookkeeping, you’re likely familiar with the three main financial statements – the Balance Sheet, the Income Statement and the Statement of Cash Flows. To have a full picture of your business, it’s important to review all three of these at least once a month. (Refer to our blog

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Balance sheet

What is the Balance Sheet, and is it Important?

In this next issue of our series on financial statements, we’re going to cover the Balance Sheet in more detail. If you have a bookkeeper (or handle your own bookkeeping), you’ll want to go over this statement with them at least once a month. The Balance Sheet is typically the first financial statement to be

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