What Is A 1099 Form And Who Gets One? In This Blog, You Will Get A Simple Checklist & Understand The Basics

If you are a small business owner, you have probably wondered at some point, “Can I write this off?”  It is one of the most common questions in small business bookkeeping, and for good reason. Taxes can feel overwhelming, and with so many mixed messages online, it is easy to miss out on deductions or accidentally claim something the IRS does not allow. The good news is that many everyday business costs are deductible when you understand the rules. Knowing what qualifies can h

Let’s be honest, most business owners don’t start their business because they love tracking expenses. You started because you’re good at what you do, and bookkeeping just happens to be part of running the show. So when you’re catching up on expenses and can’t find the right category, it’s easy to click “Miscellaneous” and move on. We’ve all done it. But here’s the thing: every time you use “Misc Expenses,” you lose a little bit of visibility into what’s actually happening in

At Open Horizons Bookkeeping, we often hear small business owners ask, "When do I need more than a bookkeeper?" or "What does a...

Fraud isn’t always loud. It doesn’t come with sirens or warning lights. In many cases, it’s subtle—a small transaction here, a duplicate...

AI is transforming the way we manage finances. It can sort transactions, categorize expenses, and even generate reports in a fraction of...

💥 MYTH:  “Bookkeepers just enter data and help with taxes.” ✅ TRUTH:  At Open Horizons Bookkeeping, we’re your year-round financial...

(And Why it Drives Everything We Do) If I’m being honest, my biggest fear as a professional bookkeeper isn’t losing clients. It’s this:...

Hey business owners! 👋 Let’s have a little heart-to-heart today, because I know the struggle is real when it comes to pricing your...

How are you managing your receipts?

Listen and Learn:

Do you understand your inventory transactions? When you purchase an item to be resold, technically you are creating an expense (money has...

Keeping track of your stock and supplies is crucial to ensuring smooth operations. It helps you avoid stockouts, optimize storage space,...

Sales Tax Nexus refers to the presence that a business has in a particular state, which can impact the business’s tax obligations....

Shout out to all the Ecommerce business owners out there, buying and selling goods and services over the internet! I know you are busy....

Are you making it harder than it needs to be? Tracking receipts is an important aspect in your small business, but did you know that the...

Have you asked ChatGPT? I did! Answer: AI can help with many aspects of bookkeeping. It can also help with more complex bookkeeping...

The short answer: Most of the time, CPAs do not want to do bookkeeping. Certified Public Accountants (CPA) specialty is Tax Law, Tax...

There are four main ways you can receive payments from your LLC. 1. W-2 Employee One method to receive payment is to treat yourself...

Everyone is using peer-to-peer (P2P) payment apps now, both personally and for collecting payments for your business. The convenience and...