Most people know that CPAs are known for helping people prepare and file taxes. Small business owners who work with CPA firms probably also know that CPAs are in a great position to help with bookkeeping and accounting as well. If you’re new to business (or have...
Learning Center
How a Single Audit Works (And Why It Can Actually Benefit Your Organization)
Managing a non-profit on an average day can be challenging enough. Raising funds, managing volunteers, and actually doing the work you’re there to do demands every ounce of your energy. Then there are days that can really test your resolve…days when someone...
Audit vs Review: How to Know the Difference and Which is Right For You
In the last few posts, we’ve been focusing on what it takes to work as a general contractor in the state of Tennessee. (Check out this one on “TN Contractor’s License Renewal Made Easy…” if you’re just getting started.) One of the big steps in that process is...
How To Raise Your Monetary Limit (And Bid On The Bigger Jobs)
Being a contractor in Tennessee can be incredibly rewarding. You get to work on a variety of jobs with a wide range of clients. No two days are ever the same, and it’s great to be able to look back on a completed project and say with pride, “I did that!” But what do...
How to Know When a Reviewed Financial Statement is Better Than an Audit
“Audit” is a word that strikes fear into most small business owners. If it’s from the IRS, it means that the government is taking an extremely careful look into your finances and tax reporting. (Your level of participation in the tax process up to that point will...
Search for Content Using the Filters Below
Unraveling Nonprofit Financial Statements To Help Your Organization Do Even More Good
When you run a nonprofit, you have to make every dollar count. Nonprofit financial statements help you stay on top of your income and expenses in a way that shows how you are responsibly using donors’ money. In this post, we’ll unpack what makes nonprofit financial...
The Minumum Acreage For Farm Tax Purposes (And Other Ways To Know If You’re Running A Real Farm)
Do you know the minimum acreage for farm tax purposes? Or what it takes to really be considered a “farm” in the eyes of the government? If you’re not sure, this post is for you. Minimum Acreage For Farm Tax Purposes We recently did a post on “How to Qualify for Farm...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...
Entry-Level Accounting Positions: How To Start Your Career On The Right Foot
Attention, job seekers! Are you interested in the best way to secure entry-level accounting positions? Then this post is for you. We’ll explore what hiring managers are looking for, what a good starting salary would be, what kind of experience you need (or don’t...
Operating Lease vs Finance Lease: How New Rules Will Affect Your Small Business
In an earlier post on new lease accounting standards and how they can impact your business, we discussed a couple of different types of leases. Because most business owners are involved with renting some type of property or equipment regularly, we thought it might be...