My Count Solutions Blog

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

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 »

Cloud Accounting Software
5 Ways Cloud Accounting Software Simplifies Your Workday

In today’s fast-paced business world, efficiency is key. One way to streamline your workday is by using cloud accounting software. The software offers a range of benefits that can simplify your day-to-day operations, from recording expenses to collaborating with team… Read More »

Business budget
How to Create a Small Business Budget in 5 Simple Steps

Introduction In the world of business, financial planning is crucial for success. One of the most essential tools for this purpose is a business budget. A budget helps you track income, manage expenses, and plan for the future. In this… Read More »

Restaurant Accounting Challenges
Top 5 Restaurant Accounting Challenges and Solutions

Running a restaurant is a labor of love, but it also comes with its fair share of challenges, especially when it comes to managing finances. From juggling multiple locations to ensuring accurate payroll, restaurant owners often find themselves overwhelmed by… Read More »

Tax deduction
Top 8 Tax Deductions for Delivery Drivers

Delivery drivers, whether delivering food, packages, or other goods, play a crucial role in our economy. However, the expenses associated with this job can add up quickly. The good news is that delivery drivers can take advantage of various tax… Read More »

Law firm accounting
Essential Guidelines for Law Firm Accounting

Managing your law firm’s accounting is crucial to running a successful legal practice. From accepting payments to handling trust accounts and optimizing accounting practices, these decisions significantly impact your firm’s financial health. Here’s a comprehensive guide to navigating law firm… Read More »

Expense Tracking
Comprehensive Guide to Expense Tracking Tools for Small Businesses

Effective expense tracking is essential for small businesses, ensuring accurate financial records and simplified tax deductions. To help you manage your expenses efficiently, we’ve compiled a list of the top six expense-tracking tools tailored for small businesses. Mint Holistic Financial… Read More »

Bad Debt Expenses
Bad Debt Expense: Definition and How to Calculate It

Dealing with bad debt is an unfortunate reality for many businesses. Bad debt expense refers to the portion of accounts receivable that is no longer collectible from customers. In this article, we’ll explore what bad debt expense is, how to… Read More »