Accrual versus cash accounting is something every business should make a decision on before tax returns are filed. Here’s an explanation of each so you can decide which works best for your business.
Tax season is here again, and lots of people start the process in December, here’s why we recommend starting in November instead.
When you start getting more projects, hiring a design assistant is essential to meet project deadlines. Here’s how much you can expect to pay an interior design assistant.
As an interior designer, it may be a good idea to outsource bookkeeping services so you can focus on your clients. Here’s roughly how much you can expect to pay.
When you realize you need help and need to bring more people on board, here’s how to decide whether you should hire a contractor or employee.
Join Emilie Sheaffer, an accountant with expertise in the interior design industry, for some of the most pressing financial and accounting management issues faced by interior design professionals today.
Are you an interior designer and looking to file your income tax, but aren’t sure if you should just do it yourself or hire a professional? Maybe we can help you decide!
Designers should always ask themselves, “Am I selling more than $50k worth of goods or services in a state in which I am not registered?” If you answered yes to this question, it might be time to look at nexus thresholds for that particular location and multi-state sales tax.
If you did better in 2020 but could really benefit from additional resources, here is a list of loans that do not require reduced income.
To start the conversation and head into 2021 with a strong outlook and trajectory for your interior design business, here are some questions for you to ask yourself.
Interior design is a unique challenge, especially when it comes to accounting, but the geniuses behind Ivy/Houzz Pro have figured it out, and the best part is that it integrates with QuickBooks® Online (QBO).
The main reason a business should hire a bookkeeper is to produce accurate key figures needed to make better financial decisions and ultimately increase the design firm’s bottom line.
There are some changes being made through the IRS regarding 1099 (1099-NEC and 1099-MISC) that are effective for 2020’s filing.
Requirements for certain out-of-state retailers. The new use tax collection requirement is not retroactive and applies only to sales made on and after April 1, 2019.