15 Bookkeeping Best Practices to Simplify Your Small Business Year-End Taxes

The Small Business Year-End Taxes preparation process can be extremely stressful and time-consuming. However, implementing consistent bookkeeping habits throughout the year can greatly simplify year-end filing and help identify potential deductions. At Pittroe Business Services, our mission is to provide hands-on support so you can focus on business growth, not administrative tasks. Follow these proactive […]

What Are The 4 Key Questions to Ask When Outsourcing to a Bookkeeper?

As your small business grows, Outsourcing to a Bookkeeper an experienced provider can be a strategic choice. But finding the right partner requires asking the right questions upfront. Over the years, I’ve made mistakes choosing the wrong outsourced bookkeeper, resulting in headaches down the road. I’m here to help you avoid similar pitfalls! In this article, […]

Choose Your Business Structure or “Legal Entity”

Overview Of Business Structure Legal Entity Picking the right business structure is a foundational yet complex decision when starting a new company. The business structure you choose will have long-term impacts on everything from day-to-day operations to taxes, to your personal liability exposure. With options like sole proprietorships, partnerships, LLCs, and corporations, how do you know […]

Summer Financial Checkup In 5 Steps: Assessing Your Business’s Financial Well-Being

Do a Summer Financial Checkup for Your Small Business Summer Financial Checkup is prime time to assess your business finances and make data-driven decisions to finish the year strong. Follow these 5 steps: 1. Analyze Revenue and Expenses Summer Financial Checkup Review income and expenses from the first 6 months. Identify trends in your financial statements. […]

The Benefits of Hiring Independent Contractors for Your Business

Should You Hire Independent Contractors for Your Small Business Needs? As an entrepreneur, you regularly evaluate whether to hire employees or utilize independent contractor services. Understanding the benefits of contractors can inform your staffing strategy. Significant Cost Savings of Independent Contractors Independent contractors offer notable cost reductions compared to employees. You avoid paying for benefits, payroll […]

Bookkeepers vs. Accountants vs. CPAs: Unraveling the Distinctions

Bookkeepers vs. Accountants vs. CPAs Navigating the world of finance can be quite daunting for business owners, especially when it comes to understanding the roles of different financial professionals. Three key players often come into the spotlight: Bookkeepers vs. Accountants vs. CPAs: Unraveling the Distinctions (Certified Public Accountants). While they all play crucial roles in […]

10 Essential Bookkeeping Terms You Should Familiarize Yourself With

10 Essential Bookkeeping Terms Are you new to the world of business bookkeeping? Don’t worry, we’ve got you covered! In this article, we’ll introduce you to 10 essential bookkeeping terms that every business owner should know. Let’s dive right in: Accounts Receivable: This refers to the money owed to your business by customers or clients […]

Is Outsourcing For Your Business Is Right?

Should You Outsourcing For Your Business Tasks to Grow Your Small Business? As a busy entrepreneur, it’s tempting to take on everything yourself. However, outsourcing administrative and back-office work to qualified professionals has many advantages. Regain Focus With Increased Productivity Outsourcing For Your Business repetitive low-value tasks like bookkeeping, data entry, and calendar management. This frees […]

Cash or Accrual Method : What Is The Difference

Cash vs Accrual Accounting: Which Method is Best For Your Small Business? Choosing between cash and accrual accounting impacts how you record financial transactions. Understanding the differences can help select the best method for your business. Cash Accounting Basics With cash-based accounting, you log revenue when received and expenses when paid. This approach provides a […]

2024 Summer Bookkeeping Guide: Stay Organized Amidst the Sunny Season

Summer Bookkeeping Tips 1. Streamline Expense Tracking Summer Bookkeeping often includes additional expenses like travel, conferences, marketing events, team outings, and seasonal promotions. Carefully track all these costs through receipts and expense reports. Record them in your accounting system right away for hassle-free bookkeeping. Staying organized will also simplify tax preparation later. 2. Embrace Cloud-Based […]