News & Updates

It may not be obvious to most, but being organized and running an organized business saves you money. Much can be gained by added efficiencies and productivity to your business. In 2003 I started a professional organizing business in Chicago. I served customers for twenty years and most of the focus was on their residential spaces and finances. When Amber’s Bookkeeping was launched in 2016, I started to draw the parallels between running an organized household and running an organized business. Much waste takes place when we are not watching the details and following tried and true organizing principles. Efficiency […]

I’m sure you’ve heard of the wildly popular sites such as Fiver and Upwork. On these sites, you can find just about any contract talent work that you need. People showcasing how they can help your small business on a project basis. Most of us also hire out web designers and a tax attorney or CPA to do our yearly tax returns. Grant it, some of us might have wicked skills in many areas but most small business owners aren’t good at everything. I’d like to argue just because you can doesn’t mean you should. You should be doing what […]

Should I have a business savings account for my small business? Yes! Here are a few reasons why you should consider using a business savings account:   1.Save money for taxes. Instead of reacting to a tax bill, proactively save to pay your tax bill. There’s nothing worse than completing a full robust year of business to drain your bank account for the IRS or the state. It comes all at once and can feel like a blow to your gut! A better approach is to watch your numbers and reports. Specifically, after your bookkeeper is done reconciling the month […]

As tax season approaches, businesses using subcontractors need to ensure they are tracking payments and preparing 1099 forms correctly. With QuickBooks Online, small business owners have a powerful tool to make this process easy. In this post, we’ll share expert tips on collecting W9 forms, recording expenses, separating reimbursements, and reviewing reports to make tax time straightforward. By following this advice, you can avoid headaches and feel confident submitting accurate 1099 info to the IRS and your subcontractors.     A 5 Step Checklist   1. Collect a W9 Form Collect a W9 Form before paying your subcontractor for the […]

Cheers to the new year! As another year comes to a close, there’s hope on the horizon for what the new year has to bring. Regardless of your small business’s industry, services, or processes, it’s essential to create a plan for your business’s financial success. At the beginning of the new year, we recommend these five financial planning tips to help your small business grow!     Financial Planning Tips   1. Conduct a year-end review. To get started with the financial planning process you should first conduct a year-end review. Investigate your small business’s finances from the previous year […]