Education

Year End Bookkeeping Checklist

As the end of the year fast approaches, self-employed- and small- business owners are gearing up for tax season. Heading into it we all feel a little overwhelmed, confused, and nervous about dealing with the IRS (okay, a LOT). Below is a checklist that business owners, from freelancers to contractors, home-based businesses to sole-proprietors, should [...]

Posted by: Wray Rives, December 22, 2009

Basics of Bank Loans

One reason the US government is anxious to bail out banks is because banks drive a lot of the growth in our economy by loaning money to businesses. To help you understand how banks work let’s start with a couple of basic requirements all banks have to meet.
Reserve Ratio: Banks take in deposits, [...]

Posted by: Wray Rives, July 15, 2009

What is a profit and loss statement?

Stop right there, small business owner! Don’t let your eyes glaze over just yet. Yes, “profit and loss statement” may sound like something that only concerns Wall Street traders or that strange group from the accounting department who always ate lunch together back when you worked in the corporate world.
But profit and loss statements are [...]

Posted by: Jennifer Escalona, June 4, 2009

Comments: 1

Fill out your “Profit & Loss from Business” tax form with a click

Your “Profit of Loss from Business” tax form, otherwise known as Schedule C, can now be filled out and generated right from within Bootstrap.  In addition to helping you with estimated taxes, we now provide and end of year tax view, complete with a preview of your Schedule C.  Once you’ve got all of your business finances [...]

Posted by: admin, January 22, 2009

Comments: 1