At Bearden, Stroup & Associates, CPAs, we understand that meticulous bookkeeping is the backbone of financial success. Our dedicated team offers efficient and precise bookkeeping services to help you maintain accurate financial records, make informed decisions, and optimize your financial strategy. Whether you’re a small business, a corporation, or an individual, our experienced professionals are here to ensure your financial transactions are organized and in compliance with regulations. Experience the benefits of streamlined finances with Bearden, Stroup & Associates, CPAs.
If you only look at your numbers once a year, you’re trying to run a business based on financial guesses. Guessing wrong can cost you dearly. Monthly accounting is different. It turns your numbers into a tool that saves you time and money. Annual tax survival mode is sometimes enough to keep the IRS off your back, and it can seem like a […]
Waiting Until Tax Time Is Costing You More Than You Think Read More »
Business owners often ask if they can write off amounts owed by customers on unpaid invoices as deductions. The answer depends on whether the taxpayer is using the cash basis or the accrual basis of accounting. For cash-basis taxpayers, however, the short answer is no. You generally can’t take a deduction for unpaid amounts because your taxable income already shows only the cash you actually received. Cash Basis vs. Accrual Basis Accounting Why Cash-Basis Taxpayers Don’t Deduct
Can My Business Deduct Unpaid Customer Invoices? Read More »
For many business owners, paper checks feel familiar, straightforward, and tangible. But in today’s business environment, this method creates hidden risks, inefficiencies, and expenses that you didn’t see coming. As bookkeeping systems, banks, and vendor processes have evolved, checks haven’t kept pace. What once felt simple is now one of the most cumbersome, expensive, and fraud-prone ways to move money. Here’s what every business
Fact: Getting off track with payroll taxes is one of the most common reasons that small businesses fail. I hope that got your attention because I don’t want this to be your story! Choosing a payroll provider is not only about paying your employees on time, but also about ensuring that everything is done correctly,
Payroll Processing – What Drives the Cost? Read More »
Get paid on-time, every time. The best time to follow up on collections? Three months ago. The second-best time? Today. Letting unpaid invoices pile up is like leaving cash in the parking lot—exposed, forgotten, and gone before you know it. The longer you wait, the harder it is to collect. Here’s how to fix it.
Tighten Up Your AR Read More »
Starting a new business is like being dropped into a maze—you know there’s a way through, but every turn brings a new challenge. It’s easy to get overwhelmed, so you look for quick wins. Opening a business checking account? That seems like a no-brainer. After all, a bank’s a bank… right? So, you open an
Why the Bank You Choose Matters More Than You Think Read More »
If you’ve ever wondered why one accounting firm charges twice as much as another, you’re not alone. On the surface, it can seem like you’re getting the same thing—a tax return, some bookkeeping, maybe a meeting or two. But dig a little deeper, and the difference in price usually reflects a difference in approach, training,
Why Do Some Accountants Cost More? 5 Hidden Reasons Behind the Price Read More »
Have you ever checked your bank balance and found that it is alarmingly low, and yet your financial statements are still showing a profit? This is a point of frustration and confusion for many business owners . To solve this mystery, you need to understand the difference between cash flow and profit. This article will help you
Understanding the Difference Between Cash Flow and Profit Read More »
Getting audited by the IRS is a HUGE HASSLE that no one wants to deal with. The good news is… by working with a skilled accountant, you can significantly reduce your chances of being audited. From choosing the right tax status to ensuring accurate and compliant return preparation, accountants play a crucial role in protecting
Today we are talking about sending Form 1099-NEC. It seems like a minor detail, but not sending 1099s can lead to serious consequences. As a small business owner, it’s easy to get distracted from sending 1099 forms to vendors and independent contractors. We can help, but we need some info from you as well. Here’s
Why 1099s Aren’t Optional for Small Businesses Read More »
