Confused why your bank balance looks wrong? Understand ledger vs available balance and avoid costly mistakes with pending transactions.

Owners of S corporations use accountable plans to reimburse themselves for business expenses. They're simple to set up, but keep good records in case the IRS requests

What is a way to stay accountable to reaching your financial goals? Accountability isn’t about perfection or strict rules. It’s about setting goals that fit your life, tracking them honestly

The current self employment tax rate is 15.3% of your net earnings. If your income is high you’ll also have to pay an additional 0.9% Medicare tax.

Bookkeepers maintain records of financial transactions. Recording income and expenses, handling invoices, balancing bank accounts, and verifying financial records

If you get audited and don’t have receipts, the IRS can still accept other proof like bank statements, invoices, emails, mileage logs, and vendor records.

Health insurance costs are not just about the monthly amount you pay to keep your plan active. Individual plans can range from $300 to $600 per month, while family plans can go well beyond $1,500 per month.

For the tax year 2026, the Foreign Earned Income Exclusion limit is $132,900, per qualifying taxpayer. Explore the benefits of the foreign housing exclusion or Deduction.

Form 1098 shows the mortgage interest you paid to your lender, which may help you get a tax deduction. Learn how it works and how it affects your taxes.

QuickBooks Online is a cloud-based accounting software designed by Intuit, offering a simple yet powerful way for small businesses to manage their financials.