Cherie Larson
Cash vs. Accrual Accounting
Cash or Accrual Accounting… you may have heard these terms or have even seen them in your accounting software. But what do they really...
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Cherie Larson
- Dec 15, 2022
The New 1099-K
LATE BREAKING NEWS...THIS HAS BEEN POSTPONED UNTIL 2023!!! So be proactive as a business owner! Many businesses and individuals will be...
Cherie Larson
- Nov 30, 2022
Sales Tax Reporting
Sales tax is the most confusing tax issue that is a day-to-day concern for small (and large) business owners. Getting sales tax wrong and...
Cherie Larson
- Nov 30, 2022
Time for 1099 Planning
Time for 1099 Planning The IRS needs you ... to make sure others are reporting their income correctly. There can be penalties for your...
Cherie Larson
- Oct 25, 2022
Owner Draws. Distributions. Dividends. Bonuses. Oh My!
Historically, business owners pull money out of their business at year-end. They have many reasons for the timing but often wait to see...
Cherie Larson
- Oct 7, 2022
The Truth, the Whole Truth, and Nothing But the Truth.
We hear this phrase on TV courtroom dramas, but it really applies to small business owners preparing their financials and tax returns....
Cherie Larson
- Oct 7, 2022
Prepare for the worst. Hope for the best. IRS Edition.
With the passage of the Inflation Reduction Act, there is new concern that your business could be audited. While the risk of an audit is...
Cherie Larson
- Sep 8, 2022
Software 🤝 Accounting
Most business owners use accounting software to record their transactions. Unfortunately, they often aren’t using all they’re paying for...
Cherie Larson
- Aug 2, 2022
Preparing for Inflation & Recession As a Business Owner
Inflation and recession. Words you hear everywhere right now. Where does this leave you as a business owner? How do you prepare for the...
Cherie Larson
- Jun 13, 2022
Owner Pay & Taxes
One of the least understood aspects of being a small business owner is related to pay and income taxes. Often, this is due to not knowing...
Cherie Larson
- May 17, 2022
Monthly Closing Reports
Questions to ask yourself: Do you hate the flurry of activity to get your business reports to your tax advisor each year? Are you even...
Cherie Larson
- Apr 14, 2022
Taxes don’t have to be taxing!
Did your CPA just finish your taxes and ask you to sign? Does it make you cringe a little to sign because you have no idea if it’s really...
Cherie Larson
- Mar 22, 2022
Reviewing Your Balance Sheet: Paint the Full Picture of Your Business
Your financial reports paint a clear picture of your business.
Cherie Larson
- Jun 10, 2021
How to Pay Yourself As a Business Owner
Once your business actually starts making some money, how can you pay yourself as a business owner for the work you do?
Cherie Larson
- Feb 19, 2021
Saving Ahead for your Business Goals
Do you have some business goals for 2021, besides increasing sales? Have you thought about how you might fund those goals?
Cherie Larson
- Jul 28, 2020
Analyzing Your Financial Reports: Part 1 – Profit & Loss Statement
The Profit and Loss Statement (P&L), is one of the first reports (and sometimes the only report) that a business owner looks at.
Cherie Larson
- Jun 29, 2020
Triple Financial Payment Coming: Tax Day is July 15
With the postponement of tax payment due dates, many were relieved in April. But, the time has come to pay up.
Cherie Larson
- May 14, 2020
How Your Business Can Move Forward from Crisis
As you move forward from this challenging season, what should you as a business owner be doing?
Cherie Larson
- Apr 17, 2020
Profit vs. Cash in the Bank
When your accountant did your taxes, were you confused because your net income was good, but your cash balances were low?
Cherie Larson
- Mar 18, 2020
Building a Cash Reserve in a Challenging Season
Having a cash reserve makes a lot of business decisions easier and provides freedom to make choices.
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