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Turning Your Hobby Into a Business

Turning Your Hobby Into a Business

by Integrated Tax Services | Aug 2, 2022 | Accounting & Bookkeeping

You’ve loved dogs all your life so you decide to start a dog breeding and training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong. One of the main benefits of turning...
Hustling for Extra Income

Hustling for Extra Income

by Integrated Tax Services | Jun 3, 2022 | Accounting & Bookkeeping

From supplementing their current income to replacing income that was lost because of layoffs, the pandemic or other reasons, many people have started side hustles over the past 2 years to help make ends meet. If you currently have a side hustle, don’t forget...
Setting Up Your Business Accounting System

Setting Up Your Business Accounting System

by Integrated Tax Services | Feb 5, 2020 | Accounting & Bookkeeping

You’ve done the hard work. You have a new business idea or you’ve found an existing business to purchase. Want to help ensure your business success? Pay attention to correctly setting up your business’ accounting system. Here’s how: Consider...
Cash Flow: A Central Part of Your Business Plan

Cash Flow: A Central Part of Your Business Plan

by Integrated Tax Services | Dec 5, 2019 | Accounting & Bookkeeping

When tracking and planning your business objections, it’s easy to focus your analysis on two reports — the income statement and balance sheet. But one of the primary keys to your business’s success relies more on how you handle the money flowing in and out of the...
5 Ways Payroll Services Boost a Business

5 Ways Payroll Services Boost a Business

by Integrated Tax Services | Oct 7, 2019 | Accounting & Bookkeeping

Is a payroll provider right for you and your business? While it is an added expense, there are good reasons to add a partner to help with this service. Here are five things to consider: Allows full attention on growing the business. If a portion of employees is...
Cash Flow Concepts That Can Save Your Business

Cash Flow Concepts That Can Save Your Business

by Integrated Tax Services | Aug 7, 2019 | Accounting & Bookkeeping

A sad and oft-repeated truth is that half of all new businesses fail within the first five years. Although many factors contribute to business failure, a common culprit is poor cash management. All businesses, large and small, must deal with the uncertainty of...
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