At My Accounting Now, we believe in empowering business owners with the knowledge and tools they need to thrive. Our blog serves as a resource hub, offering insights into critical aspects of business finance, from effective bookkeeping practices to strategic tax planning. By staying informed and proactive, business owners can avoid common pitfalls and leverage financial strategies to fuel their growth and success.
The monthly accounting close is one of the most essential practices in the financial management of any business, regardless of its size. While many entrepreneurs may view the month-end closing as a tedious administrative task, its impact on the company's financial health is profound. Having an accurate and timely accounting close allows you to make informed decisions, optimize resources, and be prepared for any financial eventuality.
Artificial intelligence (AI) is revolutionizing a wide range of industries, and accounting is no exception. From automating repetitive processes to improving audit accuracy, AI is changing the way accountants and businesses manage their financial operations. While this transformation presents numerous opportunities, it also poses some challenges that businesses must consider to make the most of this technology.
Learn about the lesser-known tax credits and deductions that can help reduce your family’s tax burden. Explore child tax credits, adoption credits, childcare credits, and more with My Accounting Now.
The digital world has revolutionized the way we work, and content creators—from social media influencers to YouTubers and bloggers—have become a key player in the global economic ecosystem. However, while content creation offers great flexibility and income opportunities, it also comes with tax responsibilities that many creators may overlook.
