Taxes, Ugh! Let’s make it easy! Ah, tax season. That magical time of year when Amazon sellers everywhere collectively sigh and scramble to gather receipts, crunch numbers, and pray they didn’t miss any deductions. But don’t worry—we’ve got your back! Whether you’re a seasoned pro or a newbie just trying to figure out where to…
Ah, tax season – everyone’s favorite time of the year (said no one ever) Let’s face it, taxes aren’t exactly the most exciting topic. But whether you’re a seasoned filer or tackling your first return, it’s something we all have to deal with. And knowing the key dates for tax season 2025 can make the…
When it comes to accounting, businesses often face a confusing question: which accounting method should we adopt? The choice typically boils down to the cash basis or accrual basis. However, there’s a hybrid approach that blends the best of both worlds, known as the modified cash basis of accounting. In this blog, we’ll dive into…
In the world of small businesses, managing finances can quickly become overwhelming. Enter the bookkeeper – a financial wizard who keeps your accounts in order, ensuring everything runs smoothly. But how do you hire a bookkeeper that fits your business needs perfectly? This guide will walk you through the process step by step, helping you…
Starting a small business is an exciting journey, but it comes with many decisions, including how to structure your business legally. Among the most common options, entrepreneurs consider a DBA (“Doing Business As”) and an LLC (Limited Liability Company). These choices are pivotal as they affect everything from liability to branding. But how do you…
When it comes to managing finances, especially taxes, hiring a professional can save you significant time, money, and stress. A tax strategist offers specialized advice to help individuals and businesses minimize their tax liability, maximize deductions, and plan effectively for the future. However, one of the most common questions prospective clients ask is, how much…
In today’s digital world, small businesses are in for a tough time when it comes to managing their finances. Traditional bookkeeping methods are a real drag – all that manual data entry, endless paperwork, and those pesky spreadsheets. But guess what? Cloud bookkeeping is totally changing the game for small businesses! With cloud technology, bookkeeping…
Understanding and attempting to work out US expat taxes can feel overwhelming for Americans living abroad. Between breaking down foreign tax systems and understanding U.S. tax obligations, it’s easy to feel lost. Fear not! Monily’s experts have worked on preparing a guide for you that will simplify the process, explain the benefits, and highlight key…
Every business, big or small, has one thing in common: the need to keep its finances in order. At the heart of this financial organization lies the most trusted system of bookkeeping—double-entry accounting. Think of this system as the pillar on which all accounting depends. It is precise, logical, and essential for solving any financial…
In the digital age, choosing the right accounting software can greatly influence a company’s financial efficiency and accuracy. Two leading names in the field, Xero and NetSuite, offer great solutions but cater to different needs. Understanding the core differences between these platforms will help you decide which aligns with your business requirements. Let’s delve into…
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