As local and state governments issue shelter-in-place orders, asking residents to remain home for all but essential errands, businesses, especially small local businesses, across the U.S. are facing difficult decisions. Several organizations & companies are extending a hand to small-business own…Read More
Small business bookkeeping often feels like a chore for most business owners but is most certainly a necessary evil that we all must face. Especially in light of the pandemic, it is even more critical you have financial data to help aid in making important decisions for your business when you may be…Read More
In the blink of an eye, the coronavirus spread from country to country leading public and private sectors to scramble for solutions while businesses shuttered, borders closed, and schools sent millions of children home. More and more businesses are asking their employees to work from home during the…Read More
As the coronavirus spreads, many small business owners are rethinking their financial strategies and adjusting the way they work. They’re responding to a drop in revenue as customers stay home, cut back on purchases or demand that companies help protect them from the fast-spreading virus. Business…Read More
The coronavirus is causing financial difficulties for businesses across the U.S. With the pandemic going on, it is taking small businesses longer time than usual to pay their bills. It’s clear that all businesses need to put good cash flow management practices in place and make every effort to sti…Read More
When business owners hear the words “audit” it usually results in two immediate responses. The first is fear that something is wrong within the organization. Did our small business do something wrong? Are we noncompliant with current laws and regulations? Are we going to have to pay a lot of mon…Read More
Bookkeeping is an essential part of every business regardless of its size. Many small business owners overlook the importance of business bookkeeping and forget that financial data is the key to making accurate business decisions. According to the Small Business Administration, over 50% of small bus…Read More
Accounting is one of the most vital aspects of your business, and, as such, you need appropriate accounting leadership. Even fitness studio owners and gym owners need to ensure that their financials are in tip-top shape. One of the biggest problems with managing your own finances is that it’s very…Read More
Many small businesses reliably produce a set of financial statements each year, listing assets and liabilities, revenue and expenses, cash flow and shareholder equity. Often, outsourced bookkeeping services prepare these reports, but the documents are quickly forgotten by business leaders as they fo…Read More
Tax planning is the analysis and arrangement of a person’s financial situation in order to maximize tax breaks and minimize tax liabilities in a legal and efficient manner. Tax rules can be complicated, but taking some time to know and use them for your benefit can change how much you end up payin…Read More
