Business bankruptcy is rarely the result of a single misstep. It’s usually a culmination of warning signs that go unnoticed or unaddressed for too long. With recent data showing that overall bankruptcy filings rose 13.1% during the 12-month period ending March 31,...
Every business owner wants more than survival. They want to see their company thrive, even when the market shifts or challenges arise. The difference often comes down to whether you’re simply managing your finances or taking a strategic approach to planning them....
Choosing the right financial professional can make a big difference in the success of your business, especially when it comes to taxes. For many small business owners, the choice often comes down to two roles: Enrolled Agent (EA) or Certified Public Accountant (CPA)....
Small businesses are the backbone of the U.S. economy. As of 2024, there are approximately 34.8 million small businesses nationwide, making up 99.9% of all U.S. businesses and employing nearly half of the private workforce [1]. But running a small business is no small...
Securing funding for a small business isn't always simple. Traditional bank loans have stringent requirements and limited flexibility. Many small business owners struggle to qualify, especially those just starting or experiencing inconsistent revenue. These challenges...
Payroll tax audits can feel overwhelming, especially for small businesses. These audits often result from simple filing errors or missing payments. Misclassifying employees or failing to deposit payroll taxes on time can also trigger an audit. Understanding what...
Although every aspect of overseeing a small business can be challenging, financial management is often uniquely complex. Even though a basic understanding of financial management may bring an entrepreneur through the first stages of business development, a...
The dashboard in your car shows how fast you are going and what kind of maintenance is required. Our Qvinci app and dashboards for QuickBooks does just that for your business! Detailed financial reports are intimidating and hard to digest. However, we can...
Understanding financial jargon is critical for running a successful business. Terms like “amortization” and “depreciation” frequently arise in discussions about assets and their worth over time. As perplexing as they may appear, understanding these variances can...
Managing your business's finances is essential for establishing and maintaining success. However, increasing revenue is not the only goal; effective expense management is also critical. Our guide will reveal eight practical tips that small businesses can embrace to...
We have talked about the need for you to be able to reach your remote bookkeeping service in times of need but we haven’t talked about the need for that company to be accurate. It may seem like an obvious thing but some companies don’t have the manpower to keep up...
When you are a business owner, there are a lot of things to consider about your business. The type of business, color schemes, and even the type of people that you want working for you are big issues. Something like whether or not to hire in-house bookkeeping is a big...
