Construction Accounting Basics

Accounting is the capture and reporting of financial information. Accounting deals with when, where, how much, and why of financial transactions. Because the types of financial transactions can vary from industry to industry, the accounting practices businesses...

C Corporation Dividends or Nondividends

Most small businesses these days operate as S corporations. Owners of these small businesses are generally aware of the tax savings from operating as an S corporation, namely, reduced Social Security and Medicare taxes. However, some small businesses still operate as...

QuickBooks Online or Desktop

Should I choose QuickBooks Desktop or QuickBooks Online (QBO)? As an accounting advisor, I get this question a lot from new business owners. Not only new business owners, but many established business owners also question if they should switch from QuickBooks Desktop...