Ask any successful entrepreneur what the most challenging part of running a business is, and they will more than likely mention accounting as one of their biggest challenges. Business bookkeeping is much more complicated than simply balancing the checkbook each month...
All business owners want a thriving business that grows consistently and offers steady profits. Tax preparedness is key to this. Businesses are required to pay taxes on their profits but there are ways to reduce their tax liability so that more funds are available to...
Many small business owners undervalue the importance of a tax expert, but your business can work much better with the help of a tax preparer. A tax preparer gives you peace of mind to work on what matters. You also have the certainty that your taxes are in order and...
Effective inventory management is vital for any business to function sustainably. Everything has to be recorded, from raw materials to finished products, to ensure you don't face any delays that could've been avoided. At Remote Quality Bookkeeping, we offer a range of...
With the economy's ups and downs, every small business owner is looking for ways to cut costs and stay afloat. Luckily there are creative ways to do just that. Here are some suggestions from the professionals at Remote Quality Bookkeeping you should try: Go Paperless...
Traditionally, accounting wasn’t something businesses would outsource – in many manufacturing companies, it still isn’t. However, in the current digital sphere, especially one that focuses heavily on services, there are various ways a business can outsource its...
According to Public Law 115–97, American companies are liable to pay 21% corporate income tax (CIT). However, that’s just the rate before deductions. An effective corporate tax is what a company pays after subsidies and other loopholes. Keep reading today’s small...
No matter what products or services you’re selling to your clients, if your business lacks efficient cash flow management, you wouldn’t be able to keep the business operations running successfully for a long time. A company with less than perfect cash flow management...
Companies have stringent policies regarding accounts receivable. Despite these policies, many business firms in the US have up to 24 percent unpaid invoices. Pending payments can cause much damage, such as missed investment opportunities, disrupted hiring, delayed...
You never know when an audit of your business’s financials may occur. Therefore, companies should always be prepared for a potential audit of their business financials. Having your business financials audited can be stressful, particularly if you are not prepared for...
Tracking business expenses can be tedious. Without proper attention and strategy, small business owners can quickly fall behind in keeping their financial records up to date. Tracking your business expenses allows business owners to easily see the whole picture of...
Regardless of if retirement is right around the corner or decades from now, it is critical that both you and your employees have a concrete plan of action in place. Have you considered offering a money purchase pension plan (MPPP) as part of your offered retirement...
