LWS Tax & Accounting Schedule Appointment

Category Archives: Accounting

How to Build Business Credit

In your personal life, credit is something that naturally builds up overtime. You take out student loans. You buy a car that needs payments. You get your first credit card. You pay utilities and bills. All of this (and more) …
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Accounting New Year’s Resolutions for Businesses

Every January, almost every person sets goals for the new year. Things that they want to change in their life or accomplish before the next December comes around. As a business owner, you’re (hopefully) doing the same for your business. …
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Why Startups Should Have an Accountant

Startups are lean by nature. They’re small staffed, often just a person or two, with those people typically wearing more than one hat. Certain luxuries are passed over. There isn’t room for wants. Only needs. Deciding which is which isn’t …
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How to Pay Yourself

For those who have always worked for other people, it’s a strange moment when you realize you have to pay yourself. Some find it amazing and inspiring. Others find it a little scary. Your business becomes bigger than you simply …
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Why You Owe So Much in Taxes

It’s not fun to fill out your taxes expecting a refund, only to discover you actually owe money. Or maybe you were expecting to owe a little, but you end up having to payback a lot. How did this happen, …
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Buying vs. Leasing Office Equipment

Starting and continuing to run a business costs money. Often, more money than you actually have. Especially if the work you’re doing requires a lot of equipment. Many modern businesses rely on technology, including computers, phones, smart devices, printers, and …
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Handling End of the Year Bonuses and Taxes

With holiday shopping starting up, most people wouldn’t mind having a little extra money on their hands. In fact, many people rely on a Christmas bonus to help them get through the end of the year. Whether you call it …
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Paying Seasonal Employees – Where Do I Begin?

When your business is overwhelmed, unable to keep up with the workload and provide adequate service, it’s probably time to bring on another employee. But sometimes, the surge in business is only temporary. Or your business only runs for part …
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Before You Take Out a Business Loan

Starting a business usually takes more money than you have on hand. There are materials you need to buy. People you have to pay. Office space you need to rent or purchase. And ideally, you’d like to be able to …
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Why Accounting is So Important

Explaining why accounting is important to a business is something that shouldn’t need to be done. Financials, projections, and general information accuracy are the life blood of any business, whether they’re doing well or barely scraping by. Staying on top …
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