Category Archives: Accounting

What is a tax projection and why do I need it?

A Tax Projection is an estimate of what you’re going to owe for your next tax return. At Black Sheep, we utilize quarterly tax projections based on historical data, projected income, and expenses so you can be prepared for your upcoming year and understand how your tax responsibilities may change. The next tax due date […]

Why do I need a CPA?

As a small business owner, you’re looking for some assistance with your finances. Each tax season, things feel more and more complicated. The worst part is, getting help with your taxes feels just as complicated as doing them! How are you meant to know what type of accounting professional is best for you and your […]

5 Planning Areas to Focus on in 2018

It’s almost 2018!! Can you believe it? I sure can’t. With Thanksgiving approaching in just two days, now is the time to focus on planning for taxes, finances, and business strategy. What have you done to plan for your taxes for next year? What about financial planning? If you own a business, have you done […]

How to Choose the Right Inventory Management/POS System for Xero

I had a client come to me that was expanding their pet sitting services company to offer sale of organic pet treats. They wanted to sell the pet treats at local farmers markets and didn’t quite know where to start. I told them that there was a lot of investigation that needed to be done […]

Three Ways to Improve Your Company’s Accounting Function

We read numerous articles that talk about how technology is impacting the accounting functions of companies. We hear that if companies don’t keep up with technological advances, they will fall far behind the competition or even fail. I did not really understand what this meant until I started my own virtual CPA firm last year […]