With self-employment comes freedom, responsibility, and a lot of expense. You take on risks and costs that you don’t have when you work for someone else. Having your own business definitely increases the amount of record-keeping you have to do for tax purposes. When you’re digging through boxes …Read More
There could be many reasons you need to hire a bookkeeping or business accounting expert, and finding the right bookkeeper can make all the difference for your small business. Every business should keep a clean record of all its financial transactions. However, most business owners are either not ad…Read More
Today’s small businesses face an ever-changing and increasingly competitive business environment. A results-oriented financial strategy, properly implemented and managed, is essential to business success. In many businesses, the Chief Financial Officer oversees the management of cash flow and fina…Read More
Taxes can be very complicated, and many small business owners struggle to understand how their tax liability is determined. Business owners struggle to understand the corporate income tax rate, which deductions they are eligible for, and what terms like pass-through rate even mean. In addition to in…Read More
How do you make financial decisions in your business? Do you make them based on your own knowledge and awareness of the business, or do you review your financial records to make an informed decision on where the business is right now? One of the biggest business killers in today’s fast-paced marke…Read More
Your small business is thriving and revenue is coming in. Amongst all the growth, there are questions about your future. You find yourself worrying about future business plans, tax compliance, and planning short term and long term business strategies. Are you pricing your services correctly? Do you …Read More
Times are good, so start working now to make sure your small business is recession-proof. The 2008 Recession was a difficult time to be a small business owner. In fact, The Great Recession led to the collapse of many small businesses. That was just 10 years ago, and the economy is strong today. Howe…Read More
As your business grows, it is essential to have a sound small business bookkeeping system. Keeping accurate financial records is crucial for many things such as preparing taxes for assessing the health of your business. A general ledger is one of the first tools a maturing small business needs to es…Read More
You’re a business owner, not an accountant or bookkeeper — and if you are, then you still have to juggle other business obligations while handling line items every single day. It’s not an ideal situation to do everything in your business, but it’s one that many growing businesses expect of t…Read More
As a business owner or Chief Financial Officer, you’re looking for cost-effective strategies to lower overhead and increase revenue. It’s a quarterly battle to trim the business expenses while also growing its profits. Many businesses are transitioning to outsourced accounting services as a …Read More
