The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 3 min read ·
Common Tax Mistakes Made By Start-Ups
Tax obligations are often a dreaded aspect of starting up a business, but sorting out your tax obligations doesn’t have to feel like pulling teeth! Here are a few tips to avoid common startup tax mistakes so you can m…
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Bookkeeping · 2 min read ·
What You Need to Do When a Worker is Injured on the Job
This is an issue all of us small business owners and employers face: worker’s compensation insurance. Here in California as well as many other states, all employers are required to carry Worker’s Comp Insurance by law…
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Bookkeeping · 3 min read ·
Picking a Tax-Friendly Company Structure
Small businesses have many factors to consider when selecting their company’s structure, and the different taxes required from each business setup are no small matter. When comparing the tax responsibility of each str…
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Bookkeeping · 2 min read ·
DBA vs Business License: Do I Have to Have Both?
I was recently speaking on the chapter I wrote in Business Success With Ease and one of the mistakes I discuss is business owners not filing for their business licenses to be in compliance with the city (or cities) in…
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Bookkeeping · 2 min read ·
Bartering Services: Is it Income?
Many times I have clients ask me how to handle bartering when doing their bookkeeping (and sometimes ask if they even have to enter anything in their accounting to track those transactions). Bartering is when business…
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Bookkeeping · 3 min read ·
Keeping Track of Use Tax and Avoiding Surprise Audits
Use tax and sales tax both are used to fund state and local services paid for by the states. And dodging either of them, intentionally or unintentionally, constitutes non-compliance and puts you and your business at r…
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Bookkeeping · 2 min read ·
Small Business and Obamacare: Employer Penalty Delayed Another Year
The White House is still working towards the Affordable Care Act—but not without more delays. This next one-year delay will be for the employer mandate, which was already delayed last year. The delay affects small bus…
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Bookkeeping · 3 min read ·
Organizing Financial Records: How Can I Properly Store Old Paperwork?
Ever lost an important document, or had a hard time finding documents in the mix of other papers? Well, even though it’s happened to all of us at some point, it doesn’t have to happen again! Last post ( Organizing Fin…
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Bookkeeping · 2 min read ·
Organizing Financial Records: What Do I Really Need In The Shoebox?
Ever lost an important document, or had a hard time finding documents in the mix of other papers? Unfortunately, if we don’t take the time to stay organized, we almost always end up wasting time and piling on stress l…
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Bookkeeping · 2 min read ·
How Will President Obama's Policy Initiatives Affect Your Business?
President Obama’s State of the Union Address included several policy initiatives that will directly or indirectly affect small businesses in the near future. The main concerns from a payroll perspective include: Minim…
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Bookkeeping · 2 min read ·
Due February 1st! OSHA Recordkeeping 2013 Annual Summary
For those required to maintain an OSHA's 300 log for workplace injuries and illnesses, it’s time to post your annual summary of 2013. If you didn’t have any workplace injuries for 2013, congratulations to you, but you…
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Bookkeeping · 2 min read ·
Cash vs Accrual Accounting: What's the Difference?
There are two forms of accounting that can be reported on an income tax return: cash and accrual. Most small businesses operate using the cash accounting method. This is when income and expenses are realized when mone…
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