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End of Year Reminder
Reminder: Tax season is fast approaching! Start getting your bookkeeping organized now, and if you haven't already, collect those W9s from your contractors!
Pay Taxes as a Business owner
To make sure you're paying your taxes as a business owner, you will need to either 1. Increase either your or your spouse's withholdings at your W2 job or 2. Pay estimated taxes quarterly
Enjoy the Fruits of Your Labor
The end of the year is a great time to plan out any changes to your financial operations such price increases, payment processing, estimates, and even enjoying the fruits of your labor by paying yourself first. Pegasus will sit down and talk you through a common sense...
QuickBooks Online Offers Flexibility
QuickBooks online allows you to have greater flexibility to keep your books in great shape by providing apps such as receipt entry, time sheets, and invoicing across all your devices.
Simple Step to Avoid Band Fraud
Bank fraud is an upward trend. We want to remind you that if your bank ever tries to reach out by text or email it is always a good idea to call them directly and not click any links. Clicking links then entering in any banking information is the easiest trick in the...
Sales Tax Calculator Tool
Calculating sales tax can be a daunting task, however QuickBooks provides a free tool to help you do the work. It's always a good idea to consult with your accountant afterwards. I can come in review and make sure that you have everything in place and ready to get...
Authorized Personnel Only – Why This is Important
Make sure to make it clear to your bookkeeper who is authorized to approve payments and to discuss sensitive financial information. Ideally, you should assign 1 person as the daily contact and have other owners or employees updated during financial review meetings....
What is an Annual Report?
Most states require LLCs and Corporations to file an Annual Report. This report has different names, but the general idea is that you have to file a report and pay your state a fee each year to keep your business in “active” status. The due date to file and pay varies...
Sales Tax Primer – Part 2
You may have to file and pay sales tax with multiple states if you have a physical or economic nexus in each state. A common example of an economic nexus is if your online store makes a certain number of sales (let’s say 200) or a certain amount of income in sales...
Sales Tax Primer – Part 1
Should you be collecting sales tax on your sales? Here is a simple guide to determine if you should collect sales tax and how to set it up: Check the website for the comptroller in your state to find what products and services are subject to sales tax in your state....