If you would like to reduce the time you spend on bookkeeping, here are some useful tools and solutions.
And if you still find yourself not able to juggle your bookkeeping tasks on your own, then it's time to outsource a professional who can help you, like us! 😉
Don’t let tax season be the first time you think about your books.
If you’re not staying on top of your bookkeeping year-round, you could be missing out on valuable deductions, struggling with cash flow surprises, or paying more in taxes than you need to.
If the mere thought of lost receipts gives you anxiety, then it's probably time to switch to digital backups! 📱🧾 Snap photos or scan your receipts, invoices, and expenses for easy, stress-free record-keeping.
Don’t rush your accounting - it can cost you more in the end.
Quality financial management takes time and attention to detail. Rushing through it can lead to mistakes that cost you more down the road. Stay proactive, stay organized!
If you’re not reconciling monthly, you could miss red flags. True reconciliation means matching your records with bank statements, invoices, and charges - line by line. It helps catch fees, duplicates, or fraud. Don’t just glance at balances - dig deeper.
Your financial team should work for you, not the other way around.
A strong financial team understands your industry, speaks your language, and brings real value to your business. You shouldn’t have to spend time teaching them about your goals - they should already be helping you achieve them.
Forming an LLC won’t change how you report property expenses on your taxes. What actually matters is maximizing the tax write-offs you're entitled to, LLC or not.
If you had to pick one, what’s your favorite write-off?
Two things are due today, September 15: 📁 S Corp or partnership return (if you filed an extension) 💸 Q3 estimated tax payment, covering July–September income
K-1s must also be finalized if they haven’t already.
STR taxes aren’t black and white. Schedule C may fit if you offer services like cleaning, check-ins, or guest support. Schedule E fits hands-off hosts who mainly collect rent.
The right choice depends on YOUR involvement. How hands-on are you, really?
