What is Bookkeeping? The Basics for Business Success
Understanding Bookkeeping: The Backbone of Financial Management Bookkeeping is essential for any business, providing a clear and organized method for recording financial transactions. At its core, it’s all about documenting the flow of money in and out of your business. These transactions are meticulously recorded following the company’s specific accounting guidelines and backed by actual…
Shareholder Loans: A Comprehensive Guide to Tax Implications and Best Practices
Understand the tax advantages and potential pitfalls of shareholder loans for your small business with this comprehensive guide covering types, uses, IRS regulations, and strategic tax planning.
Bookkeeping for Small Business: Why It Matters (and How to Get it Right!)
Starting a small business is an exciting adventure, but it can also feel like you’re navigating uncharted territory. At XOA TAX, we often see small business owners get so caught up in the day-to-day that they overlook a crucial aspect of success: bookkeeping. Now, we know what you might be thinking – ‘Bookkeeping? Sounds complicated […]
10 Essential Deductions for Amazon FBA Sellers in 2024
Keep accurate records of expenses to maximize tax deductions for Amazon FBA sellers.
Restaurant Operations Management: A CPA’s Guide to Success
This comprehensive guide from a CPA at XOA TAX provides expert insights into restaurant operations management, covering crucial financial aspects, tax implications, and strategies for success.
Is Revenue a Debit or Credit? Unraveling the Mystery of Accounting Basics
Revenue is a credit, increasing profits and shareholder equity.
Outsourced Bookkeeping: A Smart Move for Your Small Business (and Your Sanity!)
Overwhelmed by bookkeeping? Outsourcing frees up your time and reduces stress, letting you focus on growing your small business while experts handle your finances accurately and efficiently.
Shopify Accounting: A Comprehensive Guide for E-commerce Success
This comprehensive guide simplifies Shopify accounting, covering everything from sales tax compliance and inventory management to navigating multi-channel sales and modern e-commerce challenges.
The Definitive Guide to Amazon Bookkeeping in 2024
Running an Amazon business? Congratulations! You’re part of an exciting and rapidly growing marketplace. But with the thrill of sales and the challenge of competition comes a less glamorous reality: bookkeeping. Even seasoned entrepreneurs find Amazon bookkeeping complex. From managing inventory and tracking those tricky Cost of Goods Sold (COGS) to staying on top of […]
Mastering Dental Bookkeeping: A Comprehensive Guide for Thriving Practices
Partner with a dental CPA to streamline your finances and focus on patient care.
