Accounting for Small Business

Taxes for Military Personnel

With Veterans Day approaching, we wanted to dedicate this month’s blog post to our military men and women. We salute and honor you this month and thank you for your sacrifice. Whether it be sacrificing time with your family, or putting yourself at risk, BASC Expertise wants you to know that we are thankful for […]

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Knowing Your Filing Status Going Into 2020

Throughout the year life happens and things go unchecked all the time. Especially when it comes to updating your employer about your filing status for taxes when a life event happens. However, understanding what filing status you should be claiming is where you should first start.   There are hundreds of questions when it comes

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What is the difference between Accounting and Bookkeeping?

Do you know the difference between accounting and bookkeeping? When many small businesses open up, the owners sometimes use those terms interchangeably but they do have noticeable differences. In your small business, you have to keep up with both functions. Here are the differences between accounting and bookkeeping:  Bookkeeping is the process of the record-keeping of all financial transactions

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Does Discounting Make Sense For Your Small Business

Consumers are always looking for a bargain. It is something psychological that is built into us; we all want to save money on a product or service. Receiving a discount makes us feel special, like we are getting something for a lower price than most others are paying. There is also a certain sense of

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5 Tasks Small Businesses Should Consider Outsourcing

In today’s mobile and digital age, more small businesses are being started than ever before. The Internet has made possible countless businesses a person can operate from home or with a small office and with very little overhead. The challenge for entrepreneurs is keeping on top of all the tasks necessary to keep the business

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Top 3 Questions To Ask Your Accountant

The general rules about accounting may typically stay the same but the interpretation seems to always be different among business owners. Some accounting rules are basic to understand but some require accounting expertise to fully understand the details. We love to answer even the most difficult questions from clients, because our job is ultimately to

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Juggling Bookkeeping and Running a Small Business

World Juggling Day is one of those obscure global holidays celebrating the skill of juggling multiple items at once. Perhaps there is a full day dedicated to juggling because most of us do a lot of it in our personal and business lives. Small business owners can especially relate to juggling. Many entrepreneurs wear most,

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Dangers of Using Spreadsheets for Financial Accounting

Microsoft Excel and similar spreadsheet programs have been very useful in helping businesses automate many of their processes. The ability to customize a spreadsheet to track specific data provided a low-cost automation option for many small businesses in the late 20th Century. As we move further into the 21st Century, however, the growing complexities of

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You’ve heard about Teach for America: Get Ready for “Accounting” for America

Teach for America is a non-profit organization founded in 1989 with the mission to eliminate the education gap in America’s lower income communities. This is accomplished by bringing in recent college graduates (and other professionals) to teach in these communities for at least two years. The program has become a win-win situation offering college graduates

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