About C Corps
Ah,the C Corp. The choice of big business and publicly traded companies. C Corps are vilified in politics, thought to cause all the ills of the capitalist society, and referred to as "greedy." There are a lot of good things about C Corps. Let's dispel some myths.There...
About Partnerships
Today, I want to talk about partnerships. There are several entity types available when you start a new business. Each has it's own benefits and drawbacks. Partnerships occur when two or more people decide to go into business together. As you can imagine, any time...
About Sole Proprietorships
Since I talked about S corps in my last blog post, let's talk about the simplist type of business entity - the sole proprietorship. A sole proprietor is easy to set up - you essentially start doing business as yourself. You ARE your business. Hang out your shingle...
About S-Corps
Recently, I've been answering questions about the S-Corp designation. So let's go into it! There are several entity types available when you start a new business. Each has it's own benefits and drawbacks. An S Corp is a flow-through entity. In other words,...
What to Do When the IRS Sends You A Letter
It's an event that even scares my mail carrier. It terrifies most people - and small business owners are in their sights. A letter from the IRS (or other taxing authority). It so seldom conveys good news. Whether it is sent regarding payroll or income taxes, getting...
What Makes a Great Client? | BUSINESS
I got a great question from a potential client the other day, and I told him I was going to make a video on it. The question was, What makes a great client, and what makes a terrible client? Great clients are coachable. They came to us because they recognized our...
“Farming Out” Work | BUSINESS
Recently I got a comment on my YouTube channel asking if we "farm out" bookkeeping to other bookkeepers. Let's unpack that question and see if we can answer it! Using the term "farming out" sounds like this person wanted to make sure I was the individual doing the...
How Business Finance and Personal Finance Differ | ACCOUNTING
Recently, I was talking with a client about creating a budget. We started from the idea that when creating a personal budget, you start with large liability payments (mortgage, car payment, credit cards) and then factor in expenses (groceries, utilities, etc). In...
The Elephant in the Room | COACHING
What is the one subject business owners want to talk about the least? Like with most marriages, it's money. I've recently had several discussions with business owners regarding compliance, taxes, and finances in general. The common theme was a fear of facing...
Why The DYI Mindset Sucks! | COACHING
Yes, I said it. Chip and Joanna Gaines are experts, not DYIers. Millionaires don't mow their own lawns (unless that's something they just enjoy doing). The DYI Mindset is endemic in Utah, where I live, and I hate it. Let's take a look at what this means. Let's say...
Donna Harris
Owner
Donna Harris, BSci Accounting, MBA, founded Bookkeeping Made Simple with the understanding that small businesses is the heart of the American economy. After offering to do books for a friend who said he didn't have enough work to keep someone in the office 20 hours a week, she recognized the need for an efficient, online system. She has 20 years of bookkeeping and accounting experience and is excited to help small business owners achieve their goals. She enjoys spending time with her family and traveling whenever possible. She also loves reading, hiking, camping, cooking, yoga, and fitness. A huge believer in lifelong education, she is currently working on her master's in Accounting.