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...
Tax season marks the end of a tedious and long journey, but it is an important time for businesses as they need to be financially fit to file taxes on time. If your company isn't prepared for the tax season, you can hire a professional outsourced accountant or a tax...
As a business owner, sometimes you may have felt your bookkeeping was a pain in the neck. Perhaps you have found yourself spending more time managing your finances than actually doing them. Or maybe you're spending a lot more time maintaining the financial transaction...
Workflow automation is the process of automating certain business processes in order to increase workplace accuracy and efficiency. In today's rapidly changing business environment, workflow automation has become crucial. However, due to the many misconceptions about...
Forensic accounting is a field that specializes in analyzing and interpreting financial data to help identify and prevent fraud. Outsourcing forensic accounting services can help uncover financial misconduct such as theft of company assets, embezzlement, or other...
Businesses are always looking for ways to reduce company expenditure. One way to achieve this is to hand over your accounting functions to outsourcing companies. Instead of hiring a team of less experienced accountants, you can hire outsourced accountants with years...
Starting a franchise isn’t as simple as it seems. It typically takes years of hard work, trial and error, patience, and strategizing to expand your business. Therefore, you must invest in your company’s bookkeeping practices just like you have in its operational...
Forensic bookkeeping is different from conventional bookkeeping because of the goals it aims to achieve. A forensic accountant intends to: Prove that a fraudulent event has occurred in a corporate setting. Identify the methods and sources of fraud or mismanagement....
Corporations request a forensic accountant’s services to snuff out fraud, embezzlement, and other financial crimes related to business operations. These professional bookkeepers combine accounting and auditing skills with investigative procedures to analyze a...
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...
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...
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...
