November 08, 2021
Charles Lutwidge
Opening Entry in Accounting
Keeping of accounting records begins with an Opening Entry. If you are embarking on a new venture, these entries capture everything with which you are starting your business. On the other hand, if you already own an established business and...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
January 12, 2021
Charles Lutwidge
BooksTime vs. QuickBooks Live
What is QuickBooks Live? QuickBooks is best known as accounting software makers. Recently, they started offering something new: a bookkeeping service called QuickBooks Live. The service is simple: they give you a bookkeeper who uses the QuickBooks app to keep...
November 05, 2020
Charles Lutwidge
The Accounting Industry and the Pandemic
To learn about how COVID-19 is impacting the accounting industry, we sent a survey to a small group of accountants across the US. The results from this survey indicate that the accounting industry is much less hard-hit than many other...
September 02, 2020
Charles Lutwidge
Present Value of a Single Amount: Calculation and Formula
In financial decision-making, whether personal or for business, it is crucial to take timing into account. If you could invest $1,000 today and receive $1,500 in 2 years, would that be a worthwhile deal? If you are offered a 10%...
August 19, 2020
Charles Lutwidge
A Step-By-Step Guide to Starting Your Own Bookkeeping Business.
So you’ve been working as a bookkeeper or maybe a tax consultant or similar, but you are feeling the job getting to you. Maybe it’s the hours, or the management style of your superiors or even the outdated, cumbersome software...
July 07, 2020
Charles Lutwidge
Bookkeeping 101
Bookkeeping – a word that inspires dread in many business owners. Keeping track of a company’s finances can seem overwhelming. But the good news is that it doesn’t have to be this way. Once managers learn the basic terms and...
May 20, 2020
Charles Lutwidge
How to Fill Out Form W-4 2020
Taxes are what every American citizen has to pay. It is what the government uses to take care of the country, your roads, your buildings, your police, etc. It is the single largest expense in a person’s lifetime. You will...
April 24, 2020
Charles Lutwidge
Coronavirus Aid, Relief, and Economic Security (CARES) Act promises to help small businesses
Here are relief options of CARES Act (S. 3548) that businesses can apply for right now. With the global pandemic wreaking havoc on the economy, few businesses are unaffected or will remain so. And as is generally the case in...
