Establishing strong financial infrastructure is critical when starting a new business, yet it’s often an afterthought for early-stage founders. In fact, accounting is one of the most vital aspects of the survival of your business and appropriate accounting leadership from the start can help your…Read More
On a regular basis, I speak with business owners who are reluctant to outsource their accounting and financial responsibilities. Often their reasons are based on myths surrounding the idea of outsourcing or even just the term itself. For the companies that do embrace this option, I’ve seen them ex…Read More
Payroll Taxes can be intimidating and complicated. Small business owners are responsible for withholding, reporting, and paying payroll taxes. Whenever you pay your employees, there are certain taxes that you have to withhold from their paychecks. You also have to pay the employer’s share of payro…Read More
According to the ACFE 2018 Report to the Nations Global Study on Fraud and Abuse, U.S. Businesses will lose an average of 5% of their gross revenues to fraud. In fact, private companies and small business rank highest in occupational fraud frequency at 42% compared to large corporations, government,…Read More
A financial controller is a vital part of the accounting department for every business. They head up the accounting department and are responsible for supervising bookkeepers and accountants, producing month-end close reports and helping guide CEOs to make critical business decisions. While some com…Read More
6 Types of Financing For Small Businesses Small business financing is notoriously difficult to procure. Most bank loans require that the applicant have stellar credit and 2+ years in business—and even then, there’s no guarantee you’ll get a loan, especially if you’re applying with a large ba…Read More
As most small business owners have now become painfully aware, banks are just not lending as much as they used to anymore and merchants who want to borrow to expand their businesses, buy much-needed equipment or add employees are hard-pressed to obtain funding. Many are turning to Private Equity Inv…Read More
It's not a secret: Americans don't like Tax Day. A 2014 survey found 56% don't like doing their taxes, while 26% absolutely hate it. Doing your taxes is a complex process. You have to get all of your documents together, meet with your accountant, and potentially answer more questions. Even if you hi…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
You may be wondering whose job it is to make sense of all the financial data in your small business. It usually isn’t a bookkeeper or accountants job who is mostly responsible for ensuring bookkeeping is accurate and financial records are completed on time. The role of a part-time or contract CFO,…Read More
