What Is An Accountable Plan and Why Is It Important To My Business?
You may or may not have ever heard of this thing called an Accountable Plan. It is something we talk about often here at JETRO. Regardless of where you are at, we are going to bring you up to speed in this article! Do you reimburse yourself for business expenses put on personal accounts or […]
Coronavirus (COVID-19): PPP Forgiveness and Tax Treatment + EIDL Advance
We wanted to give you an update to the PPP forgiveness as well as tax treatment of both the PPP and EIDL. With another Coronavirus relief bill possible to happen at some point, know that there may be changes to the way things currently stand. With that being said, what we outline here is the […]
What Is a 1099-NEC and What Do I Need To Know About 1099s?
If you have been in business for at least a year you have heard of this thing called a 1099. You may have done nothing about them, you may not know what it means but others tell you to send one, or you may being doing them religiously every year and know they can be […]
Tax Minimization for Attorneys – As An Attorney How Can I Pay the Least Amount in Taxes As Legally Possible?
Our Founder Mike Jesowshek, CPA recently connected with Darren Wurz from Wurz Financial to discuss tax minimization strategies for attorneys. If you follow us around you know our #1 goal is to ensure that lawyers are paying the least amount in taxes as legally possible. Here is a recording of the webinar: If you don’t have […]
How Do I Value My Business? What Do I Need To Know If I Plan to Sell?
This is a topic that I have wanted to talk about for awhile now as we see business owner that are looking to sell their business or starting succession planning. Fortunately I was able to connect with Liz Briggson from Adamy Valuation on our Small Business Tax Savings Podcast. You do not have to miss this […]
All About Bookkeeping Series – Everything You Need To Know About Bookkeeping
With so much confusion about what bookkeeping is and why every business needs bookkeeping, we did an 8 part series on everything you need to know, on both our Blog and Small Business Tax Savings Podcast. Outlined below is an easy access guide to each topic, blog post, and Podcast episode. 1. What Is Bookkeeping and Why Do […]
Top 7 Most Common Bookkeeping Mistakes Made
This is Part 8 in our “All About Bookkeeping” series. If you missed our first seven articles check them out here: What Is Bookkeeping and Why Do I Need Bookkeeping For My Business? What Are Bookkeeping Debits, Credits, and Chart of Accounts? What Is Cash and Accrual Accounting? What Is An Income Statement vs Balance […]
On A Positive Note: Growth from Stagnation
AUTHOR: Chris Gorman – JETRO Accountant So many thoughts and ideas seem to pass through my head especially in these times when I am more with myself than normal. I have locked all these thoughts in my mind’s vault to release them in some sort of pre-determined fashionable order. They have been locked away for longer […]
What is the Statement of Cash Flows? Any Other Important Financial Statements?
This is Part 7 in our “All About Bookkeeping” series. If you missed our first six articles check them out here: What Is Bookkeeping and Why Do I Need Bookkeeping For My Business? What Are Bookkeeping Debits, Credits, and Chart of Accounts? What Is Cash and Accrual Accounting? What Is An Income Statement vs Balance […]
How Do I Read A Balance Sheet and Why Is It Important?
This is Part 6 in our “All About Bookkeeping” series. If you missed our first four articles check them out here: What Is Bookkeeping and Why Do I Need Bookkeeping For My Business? What Are Bookkeeping Debits, Credits, and Chart of Accounts? What Is Cash and Accrual Accounting? What Is An Income Statement vs Balance […]