Small Business Accounting Blog — JLS Accounting

Get Paid Faster: 10 Strategies for Managing Accounts Receivable

Follow these 10 steps for effectively managing accounts receivable to streamline the process for you and your clients and boost your small business’s cash flow.

Bookkeeping, Business Best PracticesJaime Lynn SoaresApril 9, 2024

Guide to Hiring International Contractors + Form W-8 BEN

Are you considering hiring international contractors? Check out 3 crucial steps regarding payment and taxes for overseas contractors, including Form W-8 BEN.

Small Business Taxes, Business Best Practices, PayrollJaime Lynn SoaresMarch 26, 2024

New Beneficial Ownership Information (BOI) Reporting Requirements

Have you heard about the Beneficial Ownership Information (BOI) reporting requirements as of this year? Find answers to all the FAQs to ensure you’re compliant!

Business Best Practices, ComplianceJaime Lynn SoaresMarch 19, 2024

7 Common IRS Compensation Penalties Every Small Business Should Know

Do you understand the tax penalties you could face if you don’t handle compensation properly? Discover 7 types of penalties and how to avoid them.

Small Business Taxes, Payroll, TaxJaime Lynn SoaresMarch 12, 2024

Construction Accounting 101: The Importance of Job Costing

What is job costing, and why is it an essential part of construction accounting? Learn how to break out your costs to support accurate and more profitable jobs.

Bookkeeping, Construction AccountingJaime Lynn SoaresMarch 5, 2024

9 Payroll Management Areas to NOT Overlook

Avoid these nine common and costly payroll mistakes by establishing solid payroll processes and investing in a software that suits your needs.

Payroll, Business Best PracticesJaime Lynn SoaresFebruary 27, 2024

Everything You Need to Know to Comply with Cryptocurrency Tax Rules

How do cryptocurrency taxes and reporting work? Check out our simple breakdown of these complex rules to understand your liability before you dive in!

Individual Taxes, TaxJaime Lynn SoaresFebruary 20, 2024

Top 7 Small Business Bookkeeping Mistakes to Avoid

Discover the most common bookkeeping mistakes we see and how to avoid them to save yourself time and money and reduce the risk to your small business.

Bookkeeping, Business Best PracticesJaime Lynn SoaresFebruary 13, 2024

Top 6 Costly Tax Mistakes to Avoid

Learn common tax mistakes to navigate tax season, maximize your 2023 taxes, and mitigate your liability—including tips for both individual and business taxes!

Individual Taxes, Small Business Taxes, TaxJaime Lynn SoaresFebruary 6, 2024

Is Accounting Software Worth It? 10 Benefits for Small Businesses

Do small businesses really need accounting software? We say YES! Check out 10 vital ways investing in a system will streamline and protect your business.

Business Best Practices, BookkeepingJaime Lynn SoaresDecember 26, 2023

7 Compelling Reasons to Partner with an Outsourced Accounting Firm

Are you thinking about hiring an accounting firm? As your business grows, this could be a powerful decision! Discover the 7 benefits of outsourced accounting.

Bookkeeping, Business Best PracticesJaime Lynn SoaresDecember 19, 2023

6 Top Tips to Avoid Small Business Fraud

Did you know small businesses are most vulnerable to fraud? Learn the primary forms of business fraud and 6 prevention measures you can implement today!

Business Best Practices, Accounting & FinanceJaime Lynn SoaresDecember 12, 2023

New Hire Paperwork Checklist to Start on the Right Foot

Do you have a new hire paperwork checklist? If not, it’s time to create one to ensure employees are set up correctly from Day 1! Use our list to get started.

Business Best Practices, Payroll, Employee PaperworkJaime Lynn SoaresDecember 5, 2023

Simple 6-Step Guide to Filing Your 2023 Taxes

Ready to file your 2023 taxes but not sure where to start? Follow our guidelines to stay organized, avoid oversights, and file your return on time!

Individual Taxes, Personal Finance, TaxJaime Lynn SoaresNovember 28, 2023

Work with Independent Contractors? 7 Things You Need to Know About Form 1099-NEC

Do you work with independent contractors? Then understanding the importance of timely and accurate filing of Form 1099-NEC is crucial! Get our easy breakdown.

Small Business Taxes, Business Best Practices, Tax, Contractor PaperworkJaime Lynn SoaresNovember 21, 2023

Independent Contractor Paperwork: Everything Employers Need to Know

Are you new to hiring self-employed pros? Check out our breakdown of the essential independent contractor paperwork: W-9s, 1099s, and certificates of insurance!

Small Business Taxes, Contractor Paperwork, Business InsuranceJaime Lynn SoaresNovember 14, 2023

W-2 Employee vs. 1099 Independent Contractor: What’s the Difference?

What’s the difference between a W-2 employee vs. an independent contractor, and what’s best for your business? Understand your responsibilities as an employer.

Business Best Practices, Payroll, Small Business Taxes, Contractor PaperworkJaime Lynn SoaresNovember 7, 2023