BANISH Your Bookkeeping Nightmares: The Go-To Guide for the Self-Employed to Save Money, Reduce Frustration, and Satisfy the IRS

BANISH Your Bookkeeping Nightmares: The Go-To Guide for the Self-Employed to Save Money, Reduce Frustration, and Satisfy the IRS

by Lisa London
BANISH Your Bookkeeping Nightmares: The Go-To Guide for the Self-Employed to Save Money, Reduce Frustration, and Satisfy the IRS

BANISH Your Bookkeeping Nightmares: The Go-To Guide for the Self-Employed to Save Money, Reduce Frustration, and Satisfy the IRS

by Lisa London

Paperback

$14.95 
  • SHIP THIS ITEM
    Qualifies for Free Shipping
  • PICK UP IN STORE
    Check Availability at Nearby Stores

Related collections and offers


Overview

Author of the top-selling The Accountant Beside You series, QuickBooks ProAdvisor, and CPA, Lisa London gives entrepreneurs step-by-step instruction in setting up their accounting systems, explains how to keep on top of the paperwork, how to file quarterly employment taxes, and details what is deductible and what isn’t. London wants you to focus on growing your businesses, not on becoming accountants.

Banish Your Bookkeeping Nightmares shows how to analyze what financial data is required, how to automate it where possible, how to keep it current without taking too much time from a business, and how to give the IRS what they need without any prior accounting knowledge.

London’s trademark step-by-step instructions and generous illustrations take the fear and frustration out of accounting for the self-employed. She details the income and deductions behind Schedule C, how to keep track of them, and how to report them to the IRS.

Lisa explains:

  • A simple rule to determine if something is deductible or not
  • How to use your mobile phone to make tax time easier
  • A simple method to calculate the home office deduction
  • What self-employment taxes are and how to handle them
  • How to fill out the necessary federal forms, line by line
  • And so much more.

Whether you are an AirBnB host, an Uber driver, a freelancer, or any other type of solo entrepreneur, let London BANISH Your Bookkeeping Nightmares.


Product Details

ISBN-13: 9781945561078
Publisher: Deep River Press Inc.
Publication date: 03/08/2017
Pages: 126
Product dimensions: 6.00(w) x 9.00(h) x 0.27(d)

Table of Contents

The BANISH System 1 BANISH Step 1—Brief Yourself 3 A. How Do You Know What You Need? 3 B. State Required Forms 8 C. Bank or Other Lender Requirements 8 D. What do YOU Need to Run Your Business? 9 E. A Quick Accounting Lesson (I promise it won’t be painful.) 9 F. Cash vs Accrual Methods 10 G. Financial Reports 11 BANISH Step 2—Arrange Your Environment 13 A. Computer Organization 13 B. Office Organization 16 C. Car/Mobile Organization 18 D. Record Retention Guidelines 19 E. Email and Other Electronic Information 20 BANISH Step 3–Network Your Data 23 A. Desktop or Online? 23 B. Lower Cost, but Takes More Time Options 24 C. Saves Time, But Costs a Bit More 26 D. Automate Where Possible 30 BANISH Step 4—Import Your Transactions 34 A. Design a Chart of Accounts for Your Business 35 B. Record Transactions—The Basics 38 C. What is Deductible? 39 D. Paying the Bills 39 E. Recording Your Income 45 F. Paying Yourself 50 BANISH Step 5—Summarize Your Information 58 A. The End of each Month 58 B. The End of the Quarter 65 C. It’s Year End. What Now? 69 BANISH Step 6—Head Into Next Year 95 A. Budgeting—An Annual Approach that is Your Secret Weapon 95 B. Forecasting—Evaluating as The Environment Changes 99 Appendix 102 A. Deductible Expenses from Schedule C 102 B. Home Office Deductions 107 About the Author 110 Acknowledgments 111 Resources 112 Index 115

From the B&N Reads Blog

Customer Reviews