Small business management is not an easy endeavor. Amidst a dozen daily challenges, entrepreneurs and small business owners can feel isolated, often tackling every task alone – from bookkeeping and sales to daily, clerical operations. However, you do not have to be...
Manually tracking employee hours is a time-consuming and inefficient process that can lead to costly errors. But what if there was a better solution that would improve efficiency, boost employee productivity and ensure compliance? Keep reading to learn the top five...
According to the Small Business Administration, only about 50 percent of small businesses survive for a five year period. And, just one third are able to make it to the 10-year mark. While these statistics may not seem particularly encouraging, by identifying 5...
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...
When it comes to small businesses, every penny helps. Tax-effective strategies are essential for SMEs to increase their profit and reduce tax liabilities. This way, you will be able to save more money for investment. Fortunately for business owners in 2022, you can...
Managing inventory is a balancing act for retail businesses. The growing consumer demand for faster, freer shipping and, at times, pickup services can overwhelm you to the point where you’re too distracted to maintain your supply chain. Our bookkeeping firm lays the...
If there’s one thing small business owners hate, it’s navigating taxes. Finding the right tax strategy can be pretty challenging, especially if you’re still in the early stages of running a business. As a result, you may miss out on tax-saving strategies and end up...
Some say money isn’t everything, but to your accountant, your money should be EVERYTHING. An accountant can take away the stress of managing your businesses’ financials and allow you to focus that time and energy into creating additional revenue. So how do you know if...
This month, we will explore three financial statements every business owner should understand. They are : The balance sheet The income statement The cash flow statement While we don’t recommend doing the books yourself unless you are bookkeeping professional, trying...
In our last blog, we explored the top 5 benefits of outsourcing payroll services and how it is a better idea for your small business than trying to do it yourself. Payroll services can be very complicated and can take a lot of time, which you probably don’t have. By...
For small business owners beginning to grow their enterprise, sometimes background work like bookkeeping may seem daunting at first with its many terms and facets. Even if you decide to hire a bookkeeper to help with accounting needs, it is still imperative that you...
