Bookkeeper Q&A - Quarterly taxes? Competition? Receipts?

Q & A
Written By Morgan Law

Today I’m answering all your questions about running your bookkeeping business! These are questions about bookkeeper competition, quarterly taxes, how to deal with a bookkeeping client who doesn't save receipts, and how to bill for your time spent learning bookkeeping.

  1. How do I do a reimbursement for this situation? My client split an office space with someone and was paying the full amount and then getting reimbursed for it.

  2. Have you ever had a competition problem with other bookkeepers or tax professionals?

  3. If I’m paying quarterly taxes, is it an expense or is it an owner’s draw?

  4. Do you need to pay taxes on the dates due or can you pay before?

  5. Do you pay your tax payments with your business bank account or with your personal bank account?

  6. What kind of computer do you use?

  7. How did you choose your niche?

  8. What do you do when your client loses all of his receipts?

  9. Does your bookkeeping class include a client contract?

  10. Are checks the only thing you input into QuickBooks and everything else comes through bank feeds?

  11. Do I bill my research or do I just bill my working hours on their physical books?

  12. What did you mean by you felt very frugal starting out and you wished you would have invested in some programs as you began?

RESOURCES MENTIONED IN VIDEO

Morgan Law
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