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...
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The True Cost of Replacing An Employee (And Why You Should Know It)
The cost of replacing an employee goes far beyond the numbers you can add up on a calculator. When your best workers walk out the door, the impact on your business can be felt in significant ways. When you’re trying to run a business, normal days and regular expenses...
How to Combat Low Job Satisfaction (And Help Your Employees Succeed)
There’s a new pandemic spreading across the U.S. workforce: low job satisfaction. It has the potential to infect every American worker, and in many cases the situation is chronic. Symptoms are wide-ranging, and effective remedies tend to vary from group to...
5 Creative Ways to Retain Employees And Keep Your Company Strong
Finding good employees to help you run your business and take care of your customers is tough! COVID lockdowns a couple of years ago took a lot of quality workers out of the marketplace. Many of them switched jobs, found ways to work from home, or just dropped...
7 Recruiting Best Practices To Help You Hire Great People
If it seems like your company is a revolving door of employees, you’re not alone. Employee turnover has been getting worse for everyone over the last few years, so now is a good time to make sure you’re using dependable recruitment best practices. According to some...
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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...