Half of our business activity comes from cleaning up QuickBooks online accounting, bank reconciliations and financial statements. Oftentimes, we assist business owners with this process for multiple years, if the client has not filed business tax returns for several years. The usual progression for a business owner is they start recording the accounting themselves in […]
Author Archives: Simpson Accounting
15
Nov
Nov
Even when I was very young, I was fascinated with studying money and how it worked. Luckily, my best friend’s mom was (and still is) a very successful business owner. When I had the right opportunity, I would ask her what to do next with my career and money.When I graduated from business school and […]
26
Jul
Jul
During this summer of 2023, it seems the marketplace has had a tremendous demand for financial statement reviews. Only a CPA has met the professional and legal requirements to complete a review of financial statements and provide an official accountant’s review report. Some of the financial statement reviews we are currently working on at Simpson […]
15
May
May
As the Veteran CPA and someone who works with many small business owners in service industries such as home remodeling, lawn care services, heating & air, etc. this often becomes the most important message a business owner needs to hear: We strongly recommend raising your prices 10% to 20% so that your business can turn a profit. Here […]
28
Dec
Dec
Knowing who or what companies should be sent a 1099 from your company can be very confusing. On top of that, it can be difficult to determine what type of 1099 should be sent from your company to the contractor or vendor (1099-NEC, 1099-MISC, 1099-K, 1099-INT etc.) The most important 1099’s that need to be […]
04
Jul
Jul
About everyone has heard the radio or tv advertisements saying “they can settle your IRS debts for Pennies on the dollar”. If this sounds too good to be true, it’s because it is too good to be true. Isn’t it interesting that these same advertisements have a radio voice, not a real attorney or CPA’s […]