Accounting Mistakes Consultants Make: Not Retaining the Right Records

Keeping receipts and recording mileage sounds easy, in theory. And yet, according to Denise Neamon, partner at Gaines Kriner Elliott LLP, many sole proprietors and small business owners don’t do it. Some fail out of a lack of organization. Others simply aren’t informed. For example, “some business owners believe that if they’re audited, they can… Continue reading

Software for Consultants: FreshBooks for Accounting, Invoicing & Time Tracking

When it comes to accounting, invoicing, and time tracking software, there are many solutions to pick from – ranging from simple to quite complex. FreshBooks is one of the more intuitive options that falls under the “designed for small business owners, not accountants” category. There’s a lot you can do with it, but not so… Continue reading

Accounting 101: Questions to Ask Before Diving Into Solo Consulting

Starting a consulting business is exciting. It can also be incredibly scary: No salary, no employer-paid health insurance and retirement contributions. And there’s no guarantee you’ll succeed. Clearly the risks are big – but so are the potential rewards. You’ll have to ask yourself many questions before you dive into a project like this. It’s… Continue reading

Accounting Checklist for Starting Up Your Consulting Business

You’ve made the decision to start your own consulting business. Congratulations, because that takes courage and a willingness to work hard, and to work through uncertainty. You have some big ideas. But before you make any moves to land your first client, there are some important housekeeping steps you must take that will serve as… Continue reading

Starting a Consulting Business? Top Tip From an Accounting Expert

Your forte is consulting, not accounting. But according to Denise Neamon, a partner at Gaines Kriner Elliott LLP, if you’re just starting up your business, then creating and maintaining thorough accounting records is essential to your future success. Even if you’re the best consultant in your field, you can’t get your business off the ground… Continue reading