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Accounting vs. Bookkeeping

Bookkeeping and accounting are imperative for any business. Being on top of your finances is essential for a thriving business. Many people use these terms interchangeably but there are important distinctions between the two. So let’s break it down below: Accounting vs Bookkeeping. What is a Bookkeeper? A bookkeeper is an individual who keeps a...
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Inflation and Job Market in 2021

As the economy tries to heal from post-pandemic chaos, supply chains have had trouble catching up to rising consumer demand causing enormous inflation. In June 2021, the Consumer Price Index rose to 5.4%; this is the largest increase since the 2008 recession. Demand has increased due to current vaccination rates, lock downs being lifted and...
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Mid-year check in with CEO Gerry Mujica

I hope you are doing well and staying safe; we’ve made it out of 2020 and are now half-way through 2021. The past 18 months have been difficult but have also brought about a lot of growth. I am excited to talk about everything that’s been happening this year and about what the future holds....
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IRS Child Tax Credit Payments Begin July 2021

Beginning in July, the IRS will be sending letters to over 36 million families. These letters will explain how they may qualify for the monthly Child Tax Credit payments. These payments were brought up by the Biden administration and Congress. The Child Tax Credit, or CTC is part of the American Rescue Plan passed back...
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3 Top Reasons to Hire a Bookkeeper

There are many to hire a bookkeeper for your business but we’ve narrowed it down to three top ones. Before we get into why you need a bookkeeper, let’s talk about what exactly they do. What does a Bookkeeper do? A bookkeeper documents and manages a business’ financial transactions while recording them to a general...
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Claiming a Stimulus Check on your 2020 Tax Return

In 2020, millions of Americans received one or two Stimulus Checks also known as Economic Impact Payments (EIP). That means that this year your tax return form will be slightly different. Greenlight Financial can help you file your tax returns and ensure you receive any money you are eligible for. Who qualifies for a stimulus...
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