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HomeOur Two Cents

We cover topics related to what growing businesses need to succeed, including fundraising, tax savings, and financial performance.

QuickBooks 2022 New Features: All You Need to Know

Tax Tips

13Jun

QuickBooks 2022 New Features: All You Need to Know

QuickBooks is the 800-pound gorilla of accounting software with regular annual updates. QuickBooks 2022 new features are out, and many of the new features have a big impact on businesses of all sizes. This guide lays out not just QuickBooks Enterprise 2022 new features but also QuickBooks Desktop 2022 new features. Features Waiting for...

Downloadable Resources

5 Step Playbook on Converting from Cash to Accrual in a Month

Financial Projections Template

The Startup Founder's Guide to Accounting and Tax Filing

The Startup CEO’s Guide to Accounting that Meets Investor Expectations

The Entrepreneur’s Small Business Tax Pack

The Startup Founder’s Guide to Fundraising

Tax Tips

13Jun

Difference Between a C-Corp and S-Corp

Credit: Sean Pollock When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company. While there are other differences, the main difference between...

What Is a Virtual CFO (and Why Are Businesses Hiring Them)?

Tax Tips

30May

What Is a Virtual CFO (and Why Are Businesses Hiring Them)?

Credit: Morgan Housel More entrepanuers and business owners, amid an inflated economy and tight labor market, are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. As...

Tax Tips

22Mar

Financial Decision Making Checklist

Credit: Adeolu Eletu Making financial decisions can be difficult. There are so many things to consider, and it’s easy to get overwhelmed. That’s why it’s important to have a financial decision making checklist. This will help you organize your thoughts and make the best decisions for your finances. In this blog post, we will...

Accounting

28Feb

Cash vs. Accrual Accounting

Credit: Towfiqu Barbhuiya When it comes to cash vs. accrual accounting, any financial advisor will tell you that accrual is the way to go. While cash accounting may be easier, accrual accounting gives you a better picture of your business’s operations and financial position. Your accounting method will affect several things. First, it will...

Classifying Employees vs. Independent Contractors

Tax Tips

28Feb

Classifying Employees vs. Independent Contractors

Credit: Kelly Sikkema Classifying employees correctly is important to optimizing your tax position while staying on the correct side of the law. Misclassifying employees could cost your company thousands in fines and unexpected back taxes. This article reviews why you might want to classify employees in certain ways and how to know if you...

Remembering Booker T. Washington: Proponent of Black-Owned Business

Accounting

7Feb

Remembering Booker T. Washington: Proponent of Black-Owned Business

Credit: Library of Congress This February, inDinero would like to take the time to remember one of the earliest proponents of Black-owned businesses, Booker T. Washington. Formerly enslaved, Washington used his freedom to help build an economic infrastructure for the Black community. He encouraged people to invest in Black-owned business and to buy Black....

Accounting

22Dec

Best Enterprise Accounting Software

Credit: Austin Distel Keeping your finger on the pulse of your company’s finances is crucial to making informed spending decisions. Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their...

Tax Tips

13Dec

2021 Tax Changes to Watch Out For

Credit: Kelly Sikkema The year is wrapping up, and like a good business owner, you’re already preparing your books for tax season. This can be especially nerve wracking as business taxes constantly change from year to year. Here are 2021 tax changes to look out for. Federal Tax Changes for 2021 The IRS...

Netsuite vs. Quickbooks: Accounting Software Comparison

Accounting

13Dec

Netsuite vs. Quickbooks: Accounting Software Comparison

Credit: Lukas Blazek Running your own business can be rewarding, but it also requires a wide range of skills. One of the most critical aspects of running your own business is accounting. Unfortunately, not every business owner has the energy or knowledge to decide between cash vs. accrual or Netsuite vs. Quickbooks. That’s why...

Budgeting & Loans

6Dec

Budget Forecasting Methods

Credit: Carlos Muza There are a number of budget forecasting methods to choose from. Knowing which one is right for you, and making it work, can be a confusing challenge. This article introduces and discusses three techniques used for budget forecasting. What is Budget Forecasting? Your budget is the lifeblood of your business. The...

Tax Tips

16Nov

What is Solar Tax Equity?

Solar panels are a great, environmentally friendly way to reduce your energy costs. There are many tax benefits to installing solar panels, some of which will be well in excess of your tax liability. However, a small business cash flow doesn’t have to be an obstacle to going green. For small businesses looking to go...

Tax Tips

16Nov

Tax Deductions Guide 2021

Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses, you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone. The IRS announced a plan to increase audits for small businesses by 50% for the...

Tax Tips

4Nov

Tax & IRS Audit Help

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit. In this article, we will discuss what...