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Billy Barton-Accountant Wants to Know: Got a Business Exit Strategy?
The big day is almost here. The Super Bowl. And maybe you’re not paying attention because you don’t really care about football, but here’s why you should…The weeks leading up to the Super Bowl — and of course, the event itself — mean big money for not only the...
How Research Triangle Filers Can Prepare for an IRS Audit
First off – congratulations to the Kansas City Chiefs. From all accounts, it was a pretty epic game. And, of course, there are those commercials. Many great ones, but one quick note about one of, well, “professional interest” for me.The TurboTax campaign (“Don’t...
Learn the Lingo
Avoid misunderstanding. Avoid confusion. Be a boss and bookmark this one for future reference. Balance Sheet: A report that documents your company’s financial position. Think of the formula as ALE, or Assets = Liabilities + Equity. Costs of Goods Sold: Direct costs...
1031 Strategy Stacking with David Foster
Description: Join David Foster & Mark Perlberg CPA as we discussed how to align different 1031 Exchange strategies with your business/investment goals and tax strategies. Together with Dave Foster, Founder and CEO of The 1031 Investor, we shared the many different...
Being an entrepreneur is hard. Being a mom is even harder.
But the hardest of all.....ding, ding, you guess it! Being BOTH! Let’s say you started a candy-making biz. You probably assumed that you would spend all day making candy. What many of us did not realize was that we would also be spending a lot of time doing marketing,...
Bookkeeping – What is it and why does everyone keep telling me I need it?
You add some stuff, you subtract some stuff and yay, you just bookkeeped (um no, and that is not a word). You know you need it because, well, taxes, but you don't know how to actually do it. You don't know how to take all of that adding and subtracting and use it to...
It’s Not A Dumb Idea
Hey, guess what? Whatever it is your thinking about, it’s not stupid. We all have dreams. Go chase after them! Billy Barton-Accountant started as a dream! I saw a need in our community for small businesses struggling with financial help. Before I started, much of the...
My P&L statement says I made money… but where is it?
My Profit & Loss statement says I made money, but where did it all go? Let’s break it down. Have you ever looked at your P&L and it says that your net Income is, let’s say $10,000? Then, you look at your bank account and you definitely do NOT have $10,000!...
When are my Taxes due?
I own a business. I know I have to do taxes (obviously), but when exactly do they need to be done by? Don't panic. Just because the clock struck midnight and it is now 2021, it does not mean that all things are due now! Here is a little breakdown of what is...
The Differences Between an Independent Contractor and an Employee
Knowing whether to classify a worker as an employee or independent contractor is very important when it comes to taxes and benefits. A quick rule of thumb for separating the two is to look at the work being done. If the payor can control only the result not the...
