As a small business owner, it can sometimes feel like you’re alone on a desert island with no help in sight for the endless financial reports you have to deal with. This blog post on how to understand and calculate cash flow is the 3rd in a series we’ve been doing on...
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How to Read a Monthly Balance Sheet (And Why It Matters)
According to financial website The Balance SMB, the monthly balance sheet is “the most important of the three main financial statements used to illustrate the financial health of a business.” In previous blog posts on this site, we have talked about those 3 key...
3 Most Important Types of Financial Statements Your Business Needs
It’s a question that most of us have been asked at a dinner party at some point in our lives: “If you were in a plane crash and stranded on a desert island, what one _____ would you want with you?” In 2005, The Office did an episode titled “The Fire” in which a small...
Keep Up With Receipts Like A Pro With These 3 Simple Tips
Every transaction in your business has to be accounted for. In the nonstop world of a small business owner, it can be a real challenge to keep up with receipts. You either forget to enter the expense in your accounting software, or you just guess at the amount. Either...
5 Important Questions to Ask Your CPA Every Year
Meeting with your CPA shouldn’t be a one-time event where you simply hand them the keys to your finances and walk away. In order to take full advantage of the CPA you’ve teamed up with, here are 5 questions to ask your CPA at least every year.
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How to Land Your First Entry-Level Accounting Job (Tips From The Pros)
Entry-level accounting jobs can be a great step toward a fulfilling career. If you’re wondering what all is involved and how to land your first position, read on for some helpful advice from the pros. Entry-Level Accounting “Entry-level” accounting jobs are exactly...
Valuable Do’s and Don’ts of Agriculture Accounting That Can Save You Money
“Agriculture accounting” may not be words that most people have ever heard put together. But it is an area of financial management that has huge implications for the way we all live. The people who produce our nation’s food, cotton, wool, leather, and other...
What Jobs Can A CPA Do? (The Options Might Be More Than You Expect)
According to the U.S. Bureau of Labor Statistics, a little over 1.2 million people are working in the field of accounting (as of 2019, the most recent year we have data from). 22,000 of them are in Tennessee, where our firm has several offices. While the federal...
When Is Tax Season 2024? (Your Comprehensive Guide To Being Prepared This Year)
If you are wondering “When is tax season 2024?”, we’ve got the answers you’re looking for. We get it. No one enjoys filing their taxes, but at least knowing when things are due is a huge part of making the process as stress-free as possible. Keep reading to learn when...
Farm Tax Exemptions: What You Really Need To Know
Several months ago, we wrote about a new Tennessee Farm Tax Exemption that allows farmers and ranchers in our state to shop tax-free (the same way a church, school, or other nonprofit organization would.) Even though our offices are located in 6 locations across West...