United States
Staffed with 100% US Employees

OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Consider These 7 Suggestions Before December 31 for your 2017 Tax Filing

December 28, 2017 by OSYB Staff

Don’t Mess With Taxes has 7 important items you should consider acting upon before December 31st in consideration of the new 2018 tax laws: Prepay your property taxes Double up donations Make medical moves Bunch other deductible expenses Recharacterize your Roth Don’t take out that home equity loan Don’t get married As always, discuss these […]

Employee Extras that Count

December 19, 2017 by OSYB Staff

Accounting Today and Best Companies Groups have been raking the best firms to work for over the last ten years.  This year’s survey showed 11 employee perks that the top firms are at an advantage in providing.  Here in no particular order: Flexible work hours and shortened work weeks Formalized succession planning practices or programs […]

Freelancers, Know Thy Time-Tracking Applications

December 7, 2017 by OSYB Staff

As a freelancer, tracking the time you spend on numerous clients can sometimes be cumbersome and confusing.  Freelancers that don’t track their time meticulously will lose precious income.  Intuit Quickbooks has done some research and here are their 6 favorite time-tracking applications: Best Time-Tracking Apps for Personal Productivity   Productivity Time Challenger – “For those […]

Do You Run an Effective Meeting?

December 5, 2017 by OSYB Staff

Staff often complain that they spend too much time in meetings which leaves with less time to perform their tasks.  Small Business Profit Explosion shares some tips on how to run meetings that make an impact and give employees the time and tools to effectively reach their goals.  Here are some ideas to consider: Ask […]

Accountant Consider Rebranding Thyself

November 13, 2017 by OSYB Staff

It appears that accountants should consider rebranding themselves as a hiring trend shows that small businesses do not include accountants in their top ten positions to recruit.  Here are the current 5 top finance jobs in demand by small businesses: Business Analyst Business Development Manager Data Analyst Estimator Audit Manager Unfortunately, accountants are facing archaic […]

Documenting Your Business Auto Usage is Critical

November 7, 2017 by OSYB Staff

Small Business Profit Explosion underlines how you can appropriately document your business auto usage and help to avoid thousands of dollars in extra taxes and accountant fees, if you are audited. Your auto business log should include: All vehicular expenses, including purchase price, vehicle improvements, lease payments, repair and maintenance, gas and other expenses. The […]

Do You Know About the Changes on IRS’s 2017 Draft Form 1040?

October 31, 2017 by Ed Becker

Accounting Today shares some of the changes on the IRS’s 2017 draft form 1040.   Here are a sampling of the changes on the draft form: Form 1040’s due date is Apr. 17, 2018  There are new mailing addressing for returns, if you are a  resident of Connecticut, the District of Columbia, Maryland, Pennsylvania, Rhode Island […]

Understanding and designing your Chart of Accounts in QuickBooks

September 18, 2017 by Ed Becker

The Chart of Accounts is the starting place for any accounting system, including QuickBooks, because it is here that each General Leger Account is defined. From here, you can quickly learn where the money is, where it came from and where it’s gone to. The Chart of Accounts in QuickBooks As illustrated below, the Chart […]

1 2 3 24