The Best Books for Small Business Owners Who Hate Bookkeeping and Accounting

As a business owner, you need to know how to understand your business finances. This means you need to know how to prepare your bookkeeping and tax returns. You need to understand balance sheets and income sheets and the cash flow statement. But when you are first starting out in your business, you don’t always have […]

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father's day gift guide

The Ultimate Father’s Day Gift Guide

Father’s day is the third Sunday in June every year. And yet it always seems like it comes faster and faster each year. Amiright?!?  I personally always find it hard to find something to get my dad each year.   I mean, what do you get for the man who really does have everything he wants?   A man only […]

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Review: The Course Creator's Guide to Affiliate Hosting

Review: The Course Creator’s Guide to Affiliate Hosting

I’ve been looking at ways to improve my affiliate game, both as an affiliate and as an affiliate host. And in my search for more information on taking my affiliate game further, I found The Course Creator’s Guide to Affiliate Hosting. This course is for course creators that are looking to have affiliates sell their own […]

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collect payments

How Can I Collect Payments in my Online Business?

Another question that comes up when you start selling anything in your business, is how do I collect payments?There are so many options available these days to allow you to collect payments in your business. Some of the options are just a way for you to collect a payment, others are all in one cart […]

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mass payment feature paypal

How to Use the Mass Payment Feature of PayPal

Are you someone who pays your affiliates through PayPal? Or maybe you have give donations to multiple people at once through PayPal? Did you know that PayPal has an option to make a mass payment? This feature is totally awesome and as much as I dislike PayPal, I’m in love with this feature. When you use the mass […]

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avoid paypal stripe fees

How Do I Get Around the PayPal or Stripe Fees?

Do you know how often I get asked how often a business owner can get around the PayPal or Stripe (or any other payment processor)’s fees? Well, I’d be retired on the beaches of Hawaii right now if I got a quarter every time I get asked. The short answer to this question is: there is no […]

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organized and prepared for tax time

Getting Organized & Prepared for Tax Time in Your Online Business

It’s the beginning of a new year, which also means it’s time to wrap up the last year and file your taxes. Which also means, that it’s the most stressful time of the year for most business owners. I understand that tax time isn’t fun for most people, but when you are prepared ahead of time […]

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best time to hire accountant

Is There a Best or Worst Time to Hire an Accountant or Bookkeeper?

Is there really a best and a worst time to hire an accountant, a bookkeeper and a financial strategist to help you with your business?    There are always best and worst times to hire anyone to help you in your business.    You should have an accountant and a bookkeeper in your back pocket at all times in […]

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pros & cons of freshbooks

The Pros and Cons of Freshbooks Online Cloud Accounting Program

As an accountant and online business bookkeeper, there are two main cloud accounting programs that I use and recommend to my clients. Today I want to discuss the pros and cons of Freshbooks Cloud Accounting.  Freshbooks was originally created in 2003 when it’s founder, Mike McDerment, became frustrated with using Word and Excel for his […]

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The Ultimate Guide to Expense Deductions for Bloggers

One of the most confusing parts of owning a business, is knowing how to do your business bookkeeping and taxes.      And now that you have started your blog, you want to make sure that you are doing things right.       Or maybe you’ve had your blog for a while now, but […]

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Accrual or Cash Basis of Accounting: What’s the Difference? What do I use?

There are two basis of accounting methods: cash basis and accrual basis. Every time I bring these two words up, no one knows what I’m talking about, so I don’t expect you to know them either. Actually, it’s probably why you are here reading this post.      Part of doing the accounting for your […]

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home office deduction guide

The Ultimate Guide to the Home Office Deduction for Small Online Businesses

One of the questions that I get asked on a regular basis is how to calculate the home office deduction for self-employed business owners.  So let’s break this down into easy to understand terms to help you understand if you and your online business qualify for the home office deduction.  Qualifications of the Home Office […]

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guide to small business finances

Online Business Owner’s Guide to Small Business Finances

A business revolves around money. So whether or not you take care of your money in your business, can make or break your business.      If you don’t make money in your business, then you don’t have a business.      Now is the worst time to bury your head in the sand with […]

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9 Biggest Money Mistakes Businesses Need to Fix in Order to Become Financially Successful

9 Biggest Money Mistakes Businesses Need to Fix in Order to Become Financially Successful

If you have your own business, you obviously want it to be financially successful. I’ve been in the accounting and auditing world for more than 10 years and have seen my fair share of businesses fail.      Businesses can fail because of simple mistakes or they can be more complex mistakes.      Let’s […]

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what to expect when you hire a bookkeeper for the first time

What to Expect When You Hire a Bookkeeper for the First Time

Should you hire a bookkeeper? Or should you just keep doing your own business bookkeeping (even though you really don’t have the time or even knowledge about what you are doing to keep doing your own)?      And if you are really honest with yourself, doing your own bookkeeping for your business just stresses […]

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setting up a business paypal account properly

How to Properly Set up a Business PayPal Account for Your Online Business

You’ve finally realized that you really do need to have separate bank accounts for your business and your personal money. It really does just make life so much easier having them separated. And it also makes your bookkeeping for your business that much easier too!     But now you don’t know how to set […]

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How to Use Last Year’s Numbers to Plan Your Business’s Profit

It doesn’t matter if you are planning out what you plan to sell for the upcoming holiday season, for next month, next quarter or next year.      When you look at the numbers from your profit and loss statement from prior months and years to plan for your upcoming months and quarters, you can […]

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Paying Yourself in Your Business

You started your business to make an income, whether it’s on the side or your full time income to replace a corporate job, you are in business to make additional money in your life to pay for your life expenses and enjoy your life even more.      So why would you not make a […]

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Do I Need to Have Separate Bank Accounts for my Business?

When you start your own business, do you have to have a separate bank account?      The short answer: yes.      But let’s dive into this a little bit more, plus let’s look at why you need to have a separate bank account for your business, instead of using your personal bank account […]

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sales tax 101 for online businesses

Sales Tax 101 for Online Businesses

As an online business owner, you may think that sales tax doesn’t apply to you. That could be true, but it could also be false. It all depends on what you do in your business, where you are located and your state rules and regulations.     Over the past few years, sales tax has […]

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