Gresham Financial - Scottsdale Office

There are two primary accounting methods you can use as a small business owner: cash and accrual accounting. Even if you don’t handle your own accounting and bookkeeping tasks, it’s vital to know how each of these accounting methods works so you can choose the correct bookkeeping practices for your company.
https://bit.ly/3dhC0bl

Cash vs. Accrual: Which Accounting Method Is Right for Your Business? | www.financialhotspot.com Precise accounting is a critical component of running a successful business. There are two primary accounting methods you can use as a small business owner: cash and accrual accounting. Even if you don't handle your own accounting and bookkeeping tasks, it's vital to know how each of these accountin...

Working remote or have a home office? Take a look at this article where you can see if you qualify for this deduction.
https://bit.ly/3u7wMT7

Home Office Deduction | Internal Revenue Service Have a home office? If you use part of your home for business, you may be able to deduct expenses for the business use of your home.

Are you a freelancer? Do you know how budget for taxes? Find out here

How to Budget for Taxes as a Freelancer Being self-employed means paying your own taxes each quarter, which can be complicated. Learn how to budget your money and pay taxes as a freelancer.

Minors do pay taxes if they meet income thresholds, do you know what those are?

Teens and Income Taxes If your teen earned income from a job, an after-school hustle, or investments, they might owe income tax. Learn income thresholds, filing requirements, and more.

The tool is designed for taxpayers who were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year.

How Do I File a Deceased Person's Tax Return? | Internal Revenue Service Determine how to file a decedent's individual tax return.

Creating a Scalable Accounting Strategy for Your Business

Creating a Scalable Accounting Strategy for Your Business | www.financialhotspot.com Growth is a great thing for every business, big and small. When your business grows, you have the opportunity to expand your team, open new offices, and cater to more customers. Although seeing real progress for your business will leave you feeling great, handling your technical accounting responsib...

What is after-tax income?

After-Tax Income After-tax income is the amount of money you have left to spend on bills and expenses after paying taxes. Learn why after-tax income matters to you and the overall economy.

How to Choose the Best Legal Structure for Your Business

Guide to Choosing a Legal Structure for Your Business When starting a business, you need to set up the proper legal structure. Learn about your options and how to choose a structure.

Who can be a dependent, you have to understand what the IRS defines as support.
Whom May I Claim as a Dependent?

Whom May I Claim as a Dependent? | Internal Revenue Service Determine who you may claim as a dependent.

A DIY approach to bookkeeping may become counterproductive as your business grows. As you take on new responsibilities and stretch your to-do list, hiring a professional bookkeeper may be one of the best business decisions you can make. Learn how we can help you today!

Understanding Your Credit Score

Understanding Your Credit Score | www.financialhotspot.com A credit score is a figure that lenders use to determine your likelihood of repaying a loan on time. It's built on your credit history, and the FICO® Score ranges between 300 and 850. You need a decent credit score to improve your financial well-being, and the higher it is, the less likely lenders ...