Ryan Gallagher

Consider the qualities of your business which make it unique and the risks of hiring a bookkeeper who does not understand those characteristics. Be very leery of hiring ‘budget,’ one-size-fits-all bookkeepers or bookkeeping services. In this day of technology, virtual bookkeepers are becoming more common and often make more financial sense for many companies. Hiring…

Ryan Gallagher

☑  State All Income Significant penalties and interest can be issued by the government if you are found to have received income and not reported it on income or sales tax returns. Using an accounting program with automatic bank feeds helps you make sure you have categorized all your business’s income properly.  It is also…

Ryan Gallagher

1. Consider What Type of Business You Are Sole Proprietor . . . Partnership . . . LLC . . . S Corporation ??? Many vacation rental businesses are registered as sole proprietorships simply because that is the default type of business if nothing else is chosen. My purpose is not to give legal advice…

Ryan Gallagher

What Is Virtual Bookkeeping? The term “virtual” when applied to something as important as your bookkeeping seems a little scary at first. Are we dealing with an accounting system that’s not quite all there? Well in a sense, it is a system that is not all located right in your local office, but this modern…

Ryan Gallagher

Once upon a time, there was a couple named Roy and Gabby Emerson. This duo was unbeatable in everything they attempted from raising a family to DIY projects and small business enterprises. Their charming personalities endeared them even to strangers and their faithful work ethic impressed everyone who knew them. With all their skills some…