Hey y'all,
I'm genuinely curious what other business owners do throughout the year for tax time and how they keep their books clean.
For your business, small or large, do you keep your personal and business expenses strictly separate or do you have issues co-mingling?
What is your bookkeeping process?
Do you have W2 or 1099 workers?
What do you use? And do you like it?
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It’s expensive, the OS changes every time I login, they are pushing a bunch of AI features that I don’t want, and I’m losing money to bank transfer fees constantly. What accounting software are you using that’s affordable and simple? Sole proprietor who does most of my own accounting. Thanks!
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Alright here is the latest scam and yes we’re reporting it to the FBI.
A potential client “rob tebbutt” (email: Robert_tebbutt@outlook.com) arranged for self-employment and Quickbooks training for expenses and bookkeeping for actors. Apparently he’s the only actor.
He paid $10,000 and then came back and asked us if it cleared to our bank. Once we confirmed, a day later “Rob”reached out, saying that the a couple of the people he represented needed to cancel some but wanted to keep going and asked for a partial refund. Immediately red flag went up because the refund was requested via Zelle or wire.
We told Rob our refund policy and how we had to wait. So of course today CPA charge came back with the failed charge. This guy is timing everything to try to get the refund from us before the charge actually failed. Make sure you have a no refund policy or some type of procedure to wait at least two weeks.
Watch out for scammers!