My Count Solutions Blog

Accounting, bookkeeping, and tax tips to help you understand your small business finances.

Financial Accounting vs Managerial Accounting
Financial Accounting vs Managerial Accounting: What Works?

Understanding the distinctions between managerial accounting and financial accounting is essential for businesses of all sizes. Both play crucial roles in effective financial management, each with its unique focus and benefits. This article delves into the key aspects of managerial… Read More »

Tax Topic 152
Tax Topic 152: A Complete Guide to Refund Information 2024

Tax Topic 152: A Complete Guide to Refund Information 2024 Tax season can be a stressful time for many Americans, especially when it comes to understanding the nuances of tax refunds. One topic that often arises is Tax Topic 152.… Read More »

Bank Reconciliation
How to Automate Bank Reconciliation For Your Startup

What is Bank Reconciliation? Bank reconciliation is the process of comparing the financial records of a business with the corresponding information in its bank statements. This practice ensures that the figures in the company’s accounting system match the actual money… Read More »

Small Business Accounting
Small Business Accounting 101

Starting a small business involves more than just a great idea and hard work; it requires a solid understanding of accounting principles to ensure financial success. This 10-step guide will help you navigate small business accounting according to United States… Read More »

Form 1099
What are the IRS Form 1099 Due Dates for Tax Year 2024

Independent contractors, freelancers, and businesses working with these professionals must be aware of the IRS Form 1099 due dates to ensure compliance and avoid penalties. This comprehensive guide provides the key deadlines and specific due dates for various 1099 forms… Read More »

Tax Write-Off
What is a Tax Write-Off?

Understanding tax write-offs is crucial for both individuals and businesses. They can significantly reduce your taxable income, leading to substantial tax savings. This article will explain what tax write-offs are, their benefits, how they work, and who can utilize them.… Read More »

proof of income
How to Show Proof of Income: A Guide for the Self-Employed

Navigating the financial world as a self-employed person can be tricky, especially when it comes to proving your income. Unlike traditional employees who get regular pay stubs, the self-employed need to use various documents to show their earnings. This guide… Read More »

Liabilities in Accounting
What Are Liabilities in Accounting?

In the world of accounting, liabilities are an essential concept that helps measure a company’s financial health. They represent obligations or debts that a company owes to external parties, arising from past transactions or events. Understanding liabilities is crucial for… Read More »

LLC tax deadlines
LLC Tax Deadline 2024: Important Due Dates for Your Business

Navigating the world of taxes as a Limited Liability Company (LLC) can be daunting, especially when ensuring compliance with the United States Internal Revenue Service (IRS) regulations. Missing the LLC tax deadline can lead to penalties and interest, which can… Read More »

Money management
9 Money Management Tips to Keep Your Small Business Successful

Managing finances effectively is crucial for the survival and growth of any small business. Good Money management can help ensure your business remains solvent, profitable, and prepared for future challenges. Here are nine essential money management tips to help keep… Read More »

LLC in Florida
How to Start an LLC in Florida

Starting a Limited Liability Company LLC in Florida involves several steps, each crucial to ensuring your business is compliant with state and federal regulations. This guide will walk you through each step, the necessary documents, and other important considerations. Following… Read More »

virtual assistant
The 10 Biggest Benefits of Hiring a Virtual Assistant

In today’s fast-paced business environment, finding ways to optimize efficiency and cut costs is essential for success. One effective strategy is hiring a virtual assistant (VA). A virtual assistant can help streamline your operations, manage tasks, and free up your… Read More »

Construction business
Should My Construction Business Outsource Bookkeeping?

Managing the finances of your construction business can be a challenging and time-consuming task. Bookkeeping, in particular, is critical but often cumbersome. One solution many construction business owners consider is outsourcing this responsibility. This article delves into the benefits and… Read More »

CPA cost per month
How Much Does a CPA Cost Per Month

When it comes to managing your business finances, hiring a Certified Public Accountant (CPA) can be a wise investment. But how much does a CPA cost per month? Understanding the cost can help you make an informed decision and budget… Read More »

Independent contractor
Independent Contractor Taxes: The 2024 Guide

Navigating taxes as an independent contractor can be challenging, but understanding the basics can make the process much smoother. This guide will walk you through what it means to be an independent contractor, how the IRS defines independent contractors, the… Read More »

LLC vs sole proprietorship
Key Differences Between a Sole Proprietorship and an LLC

When starting a business, one of the first decisions you’ll need to make is what type of business entity to form. Two common choices are a sole proprietorship and a limited liability company (LLC). Both have their advantages and disadvantages,… Read More »

business expenses
Business Expenses: 20 Cost-Cutting Tips to Reduce

In today’s competitive business landscape, cutting costs is essential for maintaining a healthy bottom line. Whether you’re a small startup or a large corporation, implementing cost-cutting strategies can help you increase profitability and weather economic downturns. In this comprehensive guide,… Read More »

Bookkeeping guidelines
Bookkeeping guidelines: 15 Things Every Small Business Needs to Know

In the fast-paced world of small business, mastering the art of bookkeeping is crucial. Whether you’re a seasoned entrepreneur or just starting, keeping your financial house in order can mean the difference between success and failure. To help you navigate… Read More »

enhance accountability
Enhance Accountability in Your Workplace: A Guide to Success

In today’s dynamic business landscape, accountability stands as a cornerstone of organizational success. Whether you lead a small team or manage a large workforce, instilling a culture of accountability can drive performance, improve results, and foster a positive work environment.… Read More »

Business growth
Essential Questions to Guide Your Business Growth Discussion with an Accountant

Engaging in a dialogue with an accountant about your business growth can yield invaluable insights and strategies. Here are 12 key questions to help steer your conversation: Optimizing Cash Flow: How can I enhance cash flow management to ensure stability… Read More »

Professional Accountant
Hiring a Professional Accountant: Before and After

Running a small business involves many daily responsibilities, from managing finances and taxes to hiring staff and marketing products. However, if handling the numbers becomes overwhelming, it might be wise to bring a professional accountant to lighten the load. Doing… Read More »