Financial statements show not only where a company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on before they turn into bigger issues. The income statement is one of a company’s m…Read More
Ever wonder what happened to that laptop you know you saw around the office last year? Or a desk you’re certain was put into storage? They’re listed on your fixed asset ledger but are nowhere to be found. Perhaps you feel like you’re going a little crazy because it seems these items have m…Read More
It doesn’t matter how motivated and prepared you are: taking the leap into entrepreneurship is always going to be at least slightly terrifying. It’s always a risk, and it can be particularly overwhelming if you are coming off the back of a comfortable, stable career. However, like many terrifyin…Read More
Starting a new business in the competitive business world is an exhilarating experience, but it is also risky. You need to deal with an endless stream of complex problems and administrative tasks, which require a lot of attention. Managing small business finances is one of them. Small business bookk…Read More
How often do you seek out your accountant’s advice on other areas of your business excluding taxes? Small business accountants are savvy financial advisors who can assist you with more than just filing tax returns, and regular meetings with your outsourced accounting service provider can help you …Read More
Businesses owners have to be prepared to handle their monthly small business expenses. Do you ever get slammed with monthly bills because you're unprepared? Most small business owners aren’t strangers to unexpected business expenses, especially in 2021 when the small business landscape has major u…Read More
Profitability is a key ingredient to your success as a small-business owner. You need a clear view of your cash flow—where your money is coming from, how much you have at any given moment, and where it’s going. Quality accounting software can help you do just that—and a little more. Why Do I n…Read More
A small business owner only has so much time to do tasks for your business. Once your business hits a certain point of growth, you will have to add more employees and add them onto your payroll. More employees should result in further growth for your business since more hands on deck means more work…Read More
Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More
Small business accounting can be time-consuming, especially for entrepreneurs without an accounting background. Managing accounts payable and accounts receivable is an important skill to master. You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you,…Read More
