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QuickBooks: Recurring Payments

At Bakersmith Bookkeeping we understand and value that you want to spend as much time as possible dedicated towards making your business better. A lot of that time can be taken up sorting through your books, sending payments, tracking invoices, etc. This is why we recommend QuickBooks! It is an…

1099 vs. K1 – What are they and when do you need them?

Another tax season is upon us and hearing the whirlwind of forms and ways to file can become overwhelming. This is especially the case for those of us that are self-employed, have business partnerships, or are shareholders among other elements like owning properties, etc. Today we are clearing…

Common Red Flags the IRS Looks For When Auditing

We have all heard about being audited. In fact, you may have already had the experience. In our line of work, we understand why it is essential to keep solid books and why financial documentation is so critical. Still, if you are worried about being audited, here are 5 common red flags to…

How to Avoid IRS Scams

Tax preparation time is high season for scams and fraud.  When individuals and businesses gear up for tax season, it is essential to be on high alert for IRS scams. Unfortunately, IRS scams are becoming a more frequent occurrence and scammers are regularly updating their tactics. From…

Business is Booming in Denver

In October of last year, Forbes ranked Denver #4 for Best Places For Businesses and Careers. While we are definitely biased, we can’t agree more!  Denver has low unemployment, is centrally located, and offers the great outdoors.            What’s not to love? Experts have analyzed the…

Happy New Year

The Bakersmith Bookkeeping team always takes a moment to look back at our company’s goals and growth, and look forward to the New Year with appreciation and excitement. In 2018, we hope to continue making customer service a priority, to allow you to be as efficient as possible, and to provide…

Understanding Charitable Giving for Business

In 2016, an estimated $390 billion was given to charitable causes and has increased year over year almost every year since 1976!  Both employees and employers want to make an impact and do something meaningful.  Employers are creating more opportunities for this to happen by coordinating staff…

Answers to some of our clients’ FAQs:

Because we work with many small business owners, we have gotten to know the most commonly asked questions. Here are answers to a few that you might be thinking about: What is the difference between cash and accrual accounting? Cash accounting is when you record the transactions, and account for…

Giving Thanks

The end of the year is always a hectic one for accounting and bookkeeping firms. We are eager to help our business clients ready their financials for year-end closings or work with our non-profit clients as they finish up year-end appeals. This is also a great time to press the pause button and…

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