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You promised yourself you wouldn't wait until last minute to do your bookkeeping...but, here we are!
The tax due date is looming and you haven't even touched your bookkeeping.
To be quite honest, you don't even know where to start!
Can we just make taxes go away?
Every year we deal with this and it feels like a forced dance where you're constantly tripping your way to the end. AND THEN at the end of the 'song' you either wind up in a beautiful bow with money flying at you...or on the floor feeling like you just got the wind knocked out of your lungs!
When you're just starting out, you don't need to outsource your bookkeeping.
You need to bootstrap and do it yourself!
But when it comes to figuring out how to DIY bookkeeping, the internet is pretty bare 😕
Which is why I've decided to step up and create the most epic guides for you to actually learn how to do your bookkeeping on your own...in an easy way!
1099-MISC forms are shrouded in confusion in the online world...or rather the whole US among business owners with contractors.
With so many different boxes, having to figure out who gets one, and calculating out how much you paid out, it can all seem like a super scary undertaking!
What is a W-9?
A W-9 is a form from the IRS that let's people know what type of business you have (sole proprietor, LLC, S Corp, C Corp, etc) and other important info like your business name, address, and EIN (Employer Identification Number).
Do I love Xero?
Oh let me count the ways!
I didn't want to give my position away until the end, but hey, why not?!
Xero is my FAVORITE bookkeeping software! So let's jump to it, what do I love so much about Xero?
Where to look & Pricing
Finding a bookkeeper can be tough if you don't know where to look, but I'm going to give you some tips and tricks to find the perfect bookkeeper for you.
The first thing to keep in mind is that bookkeepers are much like any other service-based businesses in regards to pricing.
Check Bank Balances
It's a good idea to always be aware of your bank balances. You'll know if you are getting low or sitting ok. Looking weekly also helps you see trends in your monthly finances. When do you have the most money in the bank? When do you get paid by most clients? When do most of your bills go out?