Bookkeeping

How to Speak to Someone at the IRS Step-by-Step Guide

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Some automated services like the refund status hotline and forms ordering line remain available on holidays when live assistors are not working. But phone wait times can still increase around federal holidays. Knowing the hours of operation for IRS phone assistance along with the best times to call can help you more efficiently get your […]

Bookkeeping

How to start a bookkeeping business in 9 steps

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This may help you attract prospective clients, as well as provide some much-needed cash flow as you’re starting. Many banks offer additional services that can help you maintain and scale your business operations, such as business credit cards, small business loans, and more. Many businesses rely on customer relationship management (CRM) platforms to track bookkeeping […]

Bookkeeping

Single-Step vs Multiple-Step Income Statements

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All revenues and gains are totaled at the top of the statement, while all expenses and losses are totaled at the bottom. This simplified approach makes record-keeping easier for both the accountantswho prepare the statements and the investors who read them. Shareholders need only focus on the net income figure, to gauge a company’s overall […]