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RECENT POSTS
Kelly Grimes, CPA’s Take: How Much Cash Should A Business Have On Hand?
Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30% of weekly gross receipts. Having that buffer with a Quick Ratio of at least 1.0 means you'll protect daily operations without...
How The Bad Business Debt Deduction Could Lower Your 2026 Grayson County, TX Business Taxes
Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar without a ceiling. To lock in this tax offset before year-end, you'll need to execute a formal general ledger charge-off on your...
How To Fix Common QuickBooks Online Problems Grayson County, TX Small Business Owners Face
Quick Answer: To fix common QuickBooks Online problems, audit your bank feed queue to ensure transactions are matched to open invoices and transfers rather than blindly clicked as "Add," which eliminates duplicate revenue and miscoded expenses. From there,...
Kelly is one heck of an accountant and has been our family accountant for several years for a reason!!
One heck of an accountant