CRB Elite Bookkeeping

The Most Common QuickBooks Online Mistakes Service Providers Make—And How to Fix Them If you're a small business owner using QuickBooks Online (QBO), you already know it’s a powerful tool. But like any tool, it’s only as good as how you use it. I work with small businesses every day and have seen a few common QuickBooks mistakes pop up again and again....

Top QuickBooks Online Mistakes and How to Fix Them Discover common QuickBooks Online mistakes small businesses make and learn how to fix them for better financial accuracy and efficiency.

Depending on your unique tax situation as an expat, you might be required to fill out international tax reporting documents. The Foreign Account Tax Compliance Act (FATCA) or Foreign Bank and Financial Account Reporting (FBAR) are forms related to reporting foreign assets, investments, and income to the United States government. Both forms are important and key in avoiding problems with the IRS. Learning the differences in these forms can help you better prepare your financial documents accurately.

Understanding the Difference Between FBAR and FATCA | www.financialhotspot.com When it comes to international tax reporting, you’ll undoubtedly come across these two acronyms: FATCA and FBAR. While both FATCA (Foreign Account Tax Compliance Act) and FBAR (Foreign Bank and Financial Account Reporting) are forms related to reporting foreign assets, investments, accounts, and i...

It’s important to keep certain documents handy for business and tax purposes. Make digital copies and keep physical copies of your payroll documents, 1099 forms, tax returns, customer payments, sales receipts, customer invoices, cancelled checks, bank statements, and credit card statements. Searching for a skilled and professional accountant? Look no further! Contact us at (405) 309-7577 to schedule your consultation. We look forward to working together!

Did you know that setting up and reviewing a budget is directly related to startup success? We keep your finances in order so you can continue focusing on what you love! Call us at (405) 309-7577 to schedule a consultation.

Want to reach your short or long-term financial goals? Try using the SMART method! Standing for specific, measurable, achievable, relevant, and time-bound, following this framework will help make your financial dreams a reality and achievable within a reasonable timeframe. Guidance to navigate through life's challenges towards financial success is just a call away! Contact us at (405) 309-7577.

Knowing how to read and analyze your balance sheet is a crucial component of effectively managing the financial standing of your business. Use this guide for an easy-to-follow roadmap on making sense of all that financial lingo!

To schedule a consultation, contact us at (405) 309-7577.

Making Sense of Your Balance Sheet | www.financialhotspot.com A balance sheet is a financial statement that summarizes the financial status of your business for a particular time. Simply, a balance sheet indicates your business' assets, shareholder equity, and liabilities. Every transaction you make in your business affects the balance sheet in one way or anot...

It's important for parents to establish positive financial habits in their children at a young age. Build saving and budgeting skills by providing a weekly allowance as payment for completing chores. When children have to work for their money, they’ll learn to use it more carefully! Contact us at (405) 309-7577.

A budget helps ensure that your expenses meet your income and keep your finances in order. Not only can it help you in an emergency, but it also helps you fix any bad spending habits and take back control of your finances. Because a budget limits your spending, it guarantees that you only spend what you can afford, which reduces your financial stress and improves mental health! If you have questions about how to set up a budget that works for your financial situation, give us a call at (405) 309-7577!

Impulse purchases are a very common struggle that people deal with. The average person in the US spends $280 per month on things that they do not need. Most purchases are done online, which creates the temptation to overspend. Try deleting shopping apps on your phone and contemplating if you really need something before you buy. Do you have accounting questions? We have the answers! Talk to us at (405) 309-7577.

Maximizing your potential tax refund can be intimidating, but with the help of a professional, you can make sure to take advantage of all available deductions and credits. Here are four tips for students that could potentially lead to more money in your pocket:

Get real answers from a tax professional! Give us a call at (405) 309-7577.

Top Tax Tips for Students | www.financialhotspot.com As you begin your college education, you must start thinking about how to file your taxes. It can be challenging to navigate the complex US tax code while also balancing your course load, part-time job, and student loans. Although some colleges have a student center or office with professionals who....

Reviewing your finances can ensure that you're on track with your financial goals. Periodically review your budget, investments, and financial goals. Adjust your plans as needed to stay on track. Contact us at (405) 309-7577 to schedule a consultation!