How Much Do Lyft Drivers Pay in Taxes? A Complete Guide to Their Tax Obligations
Discover the tax responsibilities of Lyft drivers in our comprehensive guide. From income sources to self-employment taxes and essential deductions, learn how to navigate the complexities of tax planning. Understand the importance of record-keeping and estimated payments while exploring specialized solutions from Ridgewise to optimize your earnings. Stay compliant and maximize your deductions—retain more of what you earn as a rideshare driver!
Is Accounts Receivable a Revenue? Understanding the Key Financial Distinction
Discover the crucial distinction between accounts receivable and revenue in our latest article. Learn how accounts receivable, money owed for goods or services, impacts cash flow and financial health. Explore the principles of revenue recognition and its significance in accurate financial reporting. Understand how effective management of accounts receivable can enhance your business’s cash flow and overall success, with insights from Ridgewise’s expert services.
Bookkeeping’s Vital Role in Tax Preparation
The annual rendezvous with tax season inevitably draws a mixture of sighs, scurrying, and scrutiny in the business world. For any enterprise, regardless of size or industry, tax preparation is more than a process; it’s a pulse check on financial health and a crucial regulatory requirement. Yet within this vortex of financial ferocity, one unsung […]
Is the EIDL Grant Still Available? Current Status for Small Businesses in 2023
Explore the current status of the Economic Injury Disaster Loan (EIDL) grant program in 2023. This article highlights how the EIDL has provided vital assistance to over 5 million small businesses but now faces limited funding and adjusted criteria. Learn about eligibility, the application process, and how Ridgewise Accounting can help you navigate these changes and secure necessary financial support for your business. Stay informed and prepare for the future!
Why Funeral Homes Should Hire a Professional Bookkeeper: Tips and Benefits
Running a funeral home involves more than just providing compassionate services; it requires meticulous financial management. When I first started in this industry, I quickly realized how vital it is to keep accurate financial records. That’s where hiring a bookkeeper comes in.
A professional bookkeeper can handle everything from payroll to tax preparation, freeing up your time to focus on what yo