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A Small Business Owner’s Guide to Prepping for Tax Season

Tax season can be a daunting time for small business owners; but, with the right preparation, it doesn't have to be a headache. In this guide, we'll walk you through essential steps to ensure a smooth and stress-free tax season. The first step to a successful tax...

Navigating Holiday Bonuses: Your Guide to Tax-Savvy Celebrations

Happy Holidays Everyone!  Since we’re at the end of the year, let’s talk about staff bonuses and gifts.  I see this mistake happen all the time and because it involves payroll taxes, it can mean BIG trouble for your business. No matter how small the amount, cash...

Demystifying Tax Planning for Small Business Owners

Tax planning may sound complex, but for small business owners, it's a crucial aspect that can save you money and headaches. Let's break it down into simple terms and explore the questions you should be asking with the help of your CPA. What Your CPA Will Look At:...

Beware of Scams: IRS Holds Off on ERC Claims Amidst Concerns

If you are a business owner and haven’t heard of the term “ERC”, I’d like to join you under whatever rock you’ve found to block out the real world.  I feel like I’m constantly being bombarded with spam calls, emails, and advertisements online about how I’m “missing...

Disaster Strikes: The IRS Reminds Us Why Documenting Financial Data is Crucial

In the aftermath of a disaster, individuals and businesses are often left grappling with the destruction of essential documents and records. However, the IRS makes it clear: your burden of proof does not change just because documents are destroyed by an external...

Meet the new Details Matter Bookkeeping & Advisory

We are #notyourtypicalbookkeepers and we want everyone to know it.  Our clients already know that we provide much more than just the basic data entry required when you think about "bookkeeping".  We truly care about our clients - we get excited about their successes...

Work Smarter, Not Harder

Here at Details Matter we truly embrace the phrase "work smarter, not harder"  We do this by employing an amazing tech stack to make our lives and yours so much easier.  We are so excited to announce our newest partnership with Bill.com.  Bill.com is an amazing tool...

Employee or Independent Contractor?

I hope you aren’t sick of me talking about 1099s yet, because we still have more to talk about!  Let’s talk about the difference between a 1099 contractor and a W2 employee.  Many small businesses hire additional help as contractors because they either don’t want to...

CashApp/Venmo 1099-K Rules Postponed

It’s 1099 season for us, so we’ve been closely monitoring any changes and making sure our clients are reporting to the best of their ability.  In recent years, business owners have no longer needed to send 1099s to those individuals/small businesses that they paid via...

LastPass Security Breach

We’ve just been notified of further details of the recent security incident involving LastPass, a password management software.  Details Matter Bookkeeping uses this software to securely keep all of our client logins.  LastPass has a zero knowledge architecture, which...

2023 Deduction Changes

As the end of 2022 continues to fly by, I’m getting updates on some of the changes that will be happening in 2023.  I will keep you updated as I come across new rules, but here are the ones I’ve heard about so far.  We keep up with these rules and make sure that we...

3 Reasons to Separate Business & Personal Finances

Why is it important to keep business and personal finances separate?  Many business owners struggle with this distinction.  Using business money to pay for personal expenses or paying for business expenses on personal accounts can really hurt your business.  Here are...

For the love of tax deductions…

For the love of tax-deductions, please keep your receipts!  Write notes on them if you need to.  The IRS will NOT accept bank or credit card statements as substantiation for expenses if you are audited.  You have to show the business purpose of the expense.  If you...

How are we different?

I’m so glad you asked!  I do like to think we do things a little differently here at Details Matter Bookkeeping.  To start, we do not do hourly rates.  This was just a mess for both me and the clients back when I was first starting out.  They never knew what their...

Why choose QuickBooks Online?

Should I switch to QuickBooks Online?  Is it really that great?  My CPA hates it.  Well first, that’s why we have a job.  But second, it’s not for everyone.  There are certainly industries and situations where it’s not the best fit.  And if you’ve been using desktop...

Katie Hanna

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