Bookkeeping and accounting services can be an absolute game changer in your small business. If you’re the kind of owner who is operating your company as a one-person show (or even managing a small team of employees), you know how difficult it can be to stay on...
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How Outsourced Accounting Services Go Beyond Bookkeeping And Help Grow Your Business
As every small business owner learns within the first few weeks or months of being open for business, you can’t do it all yourself. Sometimes you have to when there simply isn’t enough revenue coming in to hire anyone else. But at some point, you’ve got to start...
How Payroll Experts Can Really Deliver Payday Peace of Mind
It’s no secret that running a business involves constantly adapting to change. Sometimes it’s gradual as trends come and go; other times it’s rapid like when a global pandemic comes along. What never changes, though, is the need to pay your employees accurately and on...
Does Raising Taxes Lower Inflation? (How to Better Understand Common Inflation Questions)
Inflation has always been a fact of life. However, it’s worse now than it has been for a long time. Inflation is currently at its highest rate since 1982, and it seems to affect everything we do from making business decisions to buying groceries. In this post,...
Bookkeeping vs Accounting (How to Improve Your Business By Choosing the Best One)
As a small business owner, you probably wore all the hats in the beginning. But as your business has grown, so has the need for more help when it comes to staying on top of your finances. When you decide it’s time to hire some help, do you look for a bookkeeper or an...
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How to Prep For A Business Audit (And Streamline Your Company)
The mere mention of the word “audit” is enough to cause some business owners to break into a cold sweat. They’ve either been through one before and it wasn’t a pleasant experience or they know that their records are in such a mess that they aren’t prepared for one.In...
Understanding The Basics of Inventory Accounting (A Guide For Small Business)
The goal of any business is to make a profit…usually, as much as possible. To do that, you have to generate revenue. And to do that, you have to move some inventory. This post will help you understand how your inventory accounting impacts your business so you can...
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...