Small Business Failure Rates: An Optimist’s View


This post is also featured at Intuit’s Small Business Center!

http://quickbooks.intuit.com/r/psychology-of-success/small-business-failure-rates-an-optimists-view

The internet is full of depressing statistics about the failure rates of small businesses. But I’d like to offer an alternative view, one based on my real-life experience in the real world, which is considerably more hopeful than those stats would lead you to believe.

As a bookkeeper, I’ve had the privilege of working with a diverse array of entrepreneurs and their various projects. I’ve seen a few of them fail, but by and large, the vast majority of them have been successful. So I’m always puzzled when I see headlines like “5 Reasons 8 Out of 10 Businesses Fail,” and I wonder about their sources and the way their statistics were gathered.

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Expert Tips: How to Deal With the IRS


This post is also featured at Intuit’s Small Business Help Center!

http://quickbooks.intuit.com/r/taxes/expert-tips-how-to-deal-with-the-irs

The Internal Revenue Service: a name that strikes fear into the hearts of taxpayers and business owners everywhere. If you’ve had to deal with them recently, chances are it wasn’t a very good experience. But fear not, below are a few suggestions that may ease your pain the next time the IRS comes calling.

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A New Year’s Resolution for All Entrepreneurs: “2018 Will Be the Year I Get on Top of My Finances”


I always look forward to the start of a new year. It’s exciting to think of new possibilities and set new goals; it gives me new energy and enthusiasm for the year ahead. I usually have at least one resolution that looks something like this: “This year will be the year I finally get around to [insert something I have been procrastinating on for a long time].”

I know I’m not alone in this, because every single January, I get at least a few calls and emails from people who have resolved to finally deal with their backlog of undone bookkeeping and are asking for help. Some business owners begin panicking when they are only a few months behind in doing their books, but I have worked with clients who had literally done no record-keeping whatsoever for six or more years.

If this sounds like you, don’t stress. No matter how far behind you are, 2018 can be the year that you finally catch up, get your taxes filed and fix all those problems you’ve been avoiding.

I’d like to offer four practical suggestions for any entrepreneur who has made a New Year’s resolution to improve their business finances, catch up on undone bookkeeping or deal with unresolved issues.

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Accounting For Holiday Bonuses


As the holidays approach, are you thinking of your employees and how wonderful they’ve been? Have you been thinking about how you would like to give them a bonus, but you are unsure how to account for it in the books?

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Why Quickbooks Is Cool: First Part Of Our YouTube Series


 

Making The Relationship Work


Now that we’ve been in business for over two years, we’ve run the gamut of client-bookkeeper relationships. Backyard Bookkeeper has helped in several situations where a previous accountant or office assistant defrauded, stole from, or otherwise messed up the books of the business. We have also dealt with some difficult situations of our own. Based on these experiences, I’d like to make a couple observations and offer some advice for dealing with your own bookkeeper or clients, as the case may be.

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