GirlDad Bookkeeping & Payroll

09/02/2022

Understanding Your Credit Score

A credit score is a figure that lenders use to determine your likelihood of repaying a loan on time. It's built on your credit history, and the FICO® Score ranges between 300 and 850. You need a decent credit score to improve your financial well-being, and the higher it is, the less likely lenders ...

09/01/2022

How can our services benefit you, you may ask? Without accounting, you wouldn’t know how much money your business has earned. You could easily forget how much money you paid out, and you wouldn’t remember how your current profit or loss compared to the previous quarters’. Contact us for a variety of services, which can provide efficient solutions for your business

08/31/2022

Review employee benefits. You should examine if changes need to be made in benefits during the next open enrollment period. Many companies offer health savings accounts or pre-tax commuter benefits.

08/30/2022

Seek professional tax preparation guidance.

08/29/2022

To qualify for a particular product, lenders have different credit score requirements. By knowing your credit score, you can decide whether a product is worth purchasing or whether you should find other options.

08/26/2022

How Do Businesses Increase Profit Margins?

Profit margins refer to the remaining percentage of revenue after deducting the cost of goods sold. For your business to remain profitable and operational, you need to ensure your profit margin is as high as possible. If you're concerned about the profitability of your business, here are a few strat...

08/25/2022

If your employer offers these benefits - sign up for employer 401(k). Clients who skip enrolling in company matching programs miss out in two ways: bolstering their retirement savings and missing a chance to cut taxes. Clients should ensure that they are contributing enough to get the full company match, which can help save you money!

08/24/2022

It can appear when we are busy in our everyday lives that the shortcut is the best option, but this is not often the case. Our bookkeepers can use their knowledge and education to provide helpful information to our clients and get you on the road to success. Contact us today to get started!

08/23/2022

Keep the books up to date.

08/22/2022

Keeping tabs on your credit score can assist you in determining the right time to refinance your mortgage or purchase a home.

08/19/2022

Business or Hobby? IRS Classification and Tax Implications

The IRS may categorize your business as a hobby if it declares losses perennially or fails to meet other prerequisites. This reclassification has various implications, including preventing you from claiming crucial loss-related deductions. To reverse the decision, you'll have to prove that your busi...

08/18/2022

When it comes to managing your finances, you may feel like you've got a good handle on your money. You know your income and track your expenses, so why pay someone to do what you're already doing, right? Unfortunately, this is where many people fail to build long-term financial success. If you have aspirations and plans, our accountants can help you attain them.