Financial statements show not only where a company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on before they turn into bigger issues. The income statement is one of a company’s m…Read More
How often do you seek out your accountant’s advice on other areas of your business excluding taxes? Small business accountants are savvy financial advisors who can assist you with more than just filing tax returns, and regular meetings with your outsourced accounting service provider can help you …Read More
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. Competitive advantages generate greater value for a firm and its shareholders because of certain strengths or conditions. The more sustainable the competitive advantage, the more difficult…Read More
Whether your a small startup focused on growing or a large business with a booming business, all companies have the same basic goals when it comes to accounting. Your business must be able to analyze costs, weigh major financial moves, and ensure best tax practices. In fact, accounting is so importa…Read More
Many businesses are already aware of how important a fixed asset tracking solution is for the profitability and stability of their operations. When maintained properly, a fixed asset ledger can reduce many headaches across a company, such as improving budgeting and saving the company tens of thousan…Read More
Most small business owners think they can get away with not hiring a CPA and can handle their finances on their own. Although entrepreneurs prefer this DIY approach to tax and accounting services, it’s not always the best option for the long-term future of your business. As a business owner, it is…Read More
Times are good, so start working now to make sure your small business is recession-proof. The 2008 Recession was a difficult time to be a small business owner. In fact, The Great Recession led to the collapse of many small businesses. That was just 10 years ago, and the economy is strong today. Howe…Read More
Owning a successful business and actually running one are two very different things. Your business has a focus and chances are it is not small business bookkeeping. Most days, businesses owners are required to do some bookkeeping and accounting work which is distracting them from running and growing…Read More
You’re a business owner, not an accountant or bookkeeper — and if you are, then you still have to juggle other business obligations while handling line items every single day. It’s not an ideal situation to do everything in your business, but it’s one that many growing businesses expect of t…Read More
For many of us, the end of the year would not be complete without making resolutions for the next year. This is a perfect opportunity for your company to examine its financial health and look for ways to make improvements. If getting your business in tip-top shape is your priority, consider adhering…Read More
