--- title: | Business Accounting description: Business Accounting | Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. --- [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - 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[Contact](https://www.chandlerknowlescpa.com/contact-us/) # Financial Planning Insights ## [Furlough vs Layoff](https://blog.chandlerknowlescpa.com/furlough-vs-layoff) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | June 12, 2020 | [0](https://blog.chandlerknowlescpa.com/furlough-vs-layoff#comments-listing) [![furlough vs layoff ](https://blog.chandlerknowlescpa.com/hubfs/Featured%20Images%20(3).png)](https://blog.chandlerknowlescpa.com/furlough-vs-layoff) Times have become uncertain in almost every industry. This has required employers to make difficult decisions. Working from home has allowed some employers to continue to do business as usual but this is not possible in every type of business. Two options for cutting back on staff are furlough and layoff. Both of them have implications for the.. [Read More](https://blog.chandlerknowlescpa.com/furlough-vs-layoff) ## [What Expenses Can I Claim If I'm Self-Employed?](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | May 08, 2020 | [0](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed#comments-listing) [![self employment tax ](https://blog.chandlerknowlescpa.com/hubfs/Copy%20of%20Untitled%20(12).png)](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) Having a [small business](https://www.chandlerknowlescpa.com/industries/small-business/) means you are often too busy to think about your next tax return. However, it is imperative that you work all year round to be prepared when tax time comes and ensure your [business accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) is updated and accurate. Otherwise, you will find yourself scrambling to figure out all of your expenses and may end up paying more.. [Read More](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) ## [Multi-State Tax Withholdings](https://blog.chandlerknowlescpa.com/multi-state-tax-withholdings) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | February 19, 2020 | [0](https://blog.chandlerknowlescpa.com/multi-state-tax-withholdings#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/05.16-Multi-state.jpg)](https://blog.chandlerknowlescpa.com/multi-state-tax-withholdings) Remote and traveling employees have long been a choice for many companies. However, at present, many many more companies are electing to move their operations completely online. For businesses that have recently made these decisions, or are currently in the process of making them, a lot of questions can arise. One in particular is tax.. [Read More](https://blog.chandlerknowlescpa.com/multi-state-tax-withholdings) ## [Financial Reporting Best Practices for Small Businesses](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 20, 2020 | [0](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses#comments-listing) [![https___blogs-images.forbes.com_alejandrocremades_files_2018_12_business-3605367_1920-1200x741](https://blog.chandlerknowlescpa.com/hubfs/https___blogs-images.forbes.com_alejandrocremades_files_2018_12_business-3605367_1920-1200x741.jpg)](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) Owning a [small business](https://www.chandlerknowlescpa.com/industries/small-business/) has its rewards but the details can become time-consuming and cumbersome. Understanding all of the rules of financial reporting is a daunting task that can be costly if mistakes are made. However, the good news is that using best practices to record your financial accounting can help you grow and improve your business... [Read More](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) ## [Government vs Nonprofit Accounting](https://blog.chandlerknowlescpa.com/government-vs-nonprofit-accounting) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 26, 2019 | [0](https://blog.chandlerknowlescpa.com/government-vs-nonprofit-accounting#comments-listing) [![nonprofit accounting](https://blog.chandlerknowlescpa.com/hubfs/Social%20Images/social-suggested-images/bookeeping3.jpg)](https://blog.chandlerknowlescpa.com/government-vs-nonprofit-accounting) In government vs nonprofit [accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) there are three main differences. Those differences are in accounting standards, accounting statements, and reports. [Read More](https://blog.chandlerknowlescpa.com/government-vs-nonprofit-accounting) ## [Guide to Cryptocurrency for Your Small Business](https://blog.chandlerknowlescpa.com/cryptocurrency-for-small-business) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 12, 2019 | [0](https://blog.chandlerknowlescpa.com/cryptocurrency-for-small-business#comments-listing) [![cryptocurrency for small business ](https://blog.chandlerknowlescpa.com/hubfs/anonymous-bitcoin-cash-315117.jpg)](https://blog.chandlerknowlescpa.com/cryptocurrency-for-small-business) Is cryptocurrency a viable payment or investment opportunity for your [small business](https://www.chandlerknowlescpa.com/industries/small-business/)? What exactly *is* cryptocurrency? Simply put, it is an online digital currency, protected by strong cryptography, without a central authority or regulator. The key innovation that makes this possible is blockchain technology. Blockchain is a public ledger.. [Read More](https://blog.chandlerknowlescpa.com/cryptocurrency-for-small-business) ## [Best Practices for Small Business Bookkeeping](https://blog.chandlerknowlescpa.com/best-practices-for-small-business-bookkeeping) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | May 10, 2019 | [0](https://blog.chandlerknowlescpa.com/best-practices-for-small-business-bookkeeping#comments-listing) [![2019-05-02_1542](https://blog.chandlerknowlescpa.com/hubfs/2019-05-02_1542.png)](https://blog.chandlerknowlescpa.com/best-practices-for-small-business-bookkeeping) Owning a **[small business](https://www.chandlerknowlescpa.com/industries/small-business/)** can be very time-consuming and stressful. Keeping your financial records in order is vital to the success of your business. Here are a few small business bookkeeping tips to save you from getting overwhelmed by the day-to-day tasks that can help you to succeed. [![View Our Bookkeeping Services](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/2242316/7f3ca037-abb1-4dca-9644-e769f609afb5.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/2242316/7f3ca037-abb1-4dca-9644-e769f609afb5) [Read More](https://blog.chandlerknowlescpa.com/best-practices-for-small-business-bookkeeping) ## [Overhead Cost Reduction](https://blog.chandlerknowlescpa.com/overhead-cost-reduction) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | April 12, 2019 | [0](https://blog.chandlerknowlescpa.com/overhead-cost-reduction#comments-listing) [![accounting-bill-black-53621](https://blog.chandlerknowlescpa.com/hubfs/accounting-bill-black-53621.jpg)](https://blog.chandlerknowlescpa.com/overhead-cost-reduction) [Business accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) is a necessary task to ensure growth and financial stability for any company across all industries. Overhead costs are unavoidable expenses that every business incurs, but there are ways you can reduce your overhead costs so you have a larger profit margin.   ## What are Overhead Costs? Overhead costs are the expenses associated.. [Read More](https://blog.chandlerknowlescpa.com/overhead-cost-reduction) ## [Tips to Reduce Overhead Cost](https://blog.chandlerknowlescpa.com/tips-to-reduce-overhead-cost) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | January 14, 2019 | [0](https://blog.chandlerknowlescpa.com/tips-to-reduce-overhead-cost#comments-listing) [![Reduce Overhead Cost](https://blog.chandlerknowlescpa.com/hubfs/Reduce%20Overhead%20Cost.jpg)](https://blog.chandlerknowlescpa.com/tips-to-reduce-overhead-cost) If you start to notice a trend where your [overhead costs](https://blog.chandlerknowlescpa.com/overhead-cost-reduction) are starting to take bigger and bigger portions of your revenue, it might be time to re-evaluate your spending habits. So, how do you start? The best first step to take is to review everything. Reviewing your most current list of overhead costs and selecting items that are no longer.. [Read More](https://blog.chandlerknowlescpa.com/tips-to-reduce-overhead-cost) ## [Small Business Accounting Practices](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 06, 2017 | [0](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices#comments-listing) [![accounting tips](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/small-business-accounting-300x200-1.jpg)](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) When you are a [small business owner,](https://www.chandlerknowlescpa.com/industries/small-business/) you have a variety of information to consider. When you can get your business accounting strategies in order in the beginning stages of your business, you will be able to successfully keep track of the tons of paperwork that you will see going in and out of your office. [Read More](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) [Older Posts »](https://blog.chandlerknowlescpa.com/tag/business-accounting/page/2) ### Recent Posts ### Subscribe to Our Blog #### About Chandler & Knowles CPAs: Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing. Learn more about achieving financial success by reading our blog! ### Recent Posts Chandler & Knowles CPAs 7370 Hawk Rd Flower Mound, TX 75022 (817) 369-3681 Hours of Operation: Monday - Friday 8:30 a.m. – 4:00 p.m. Saturday & Sunday: Closed Other times Available by Appointment ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif)