1. Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More

  2. Are You a Victim of Small Business Bookkeeping Fraud?

    Are You a Victim of Small Business Bookkeeping Fraud?

    Billing schemes. Skimming. Check to tamper. Small business bookkeeping fraud is a real risk for entrepreneurs of fewer than 100 employees. As a small business owner, you may have implemented procedures to prevent bookkeeping fraud. However, nothing is 100% guaranteed to work. Median fraud loss for s…Read More

  3. Outsourced Accounting Services vs. In-house Accounting

    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

  4. The Power of Three: Understanding Your Business’s Financial Statements

    Knowing how to work with the numbers in a company's financial statements is an essential skill for small business owners. The meaningful interpretation and analysis of balance sheets, income statements, and cash flow statements can help entrepreneurs determine the health of their business and make b…Read More

  5. 5 Bookkeeping Habits That Have Serious Consequences for small businesses

    5 Bookkeeping Habits That Have Serious Consequences for Business

    There are many things that you need to worry about as a small business owner. Not only are you evaluating cash flow to make sure that you have enough money for payroll, but you are also carrying the burden of overseeing employee management, budgeting, business development, customer service, marketin…Read More

  6. Entrepreneurs Guide to Increasing the Value of Your Small Business

    The day may soon arrive when you’re ready to sell your business. You may even have a price in mind, based on similar businesses that have sold recently in your area. Even if your not quite ready to sell, knowing the value of your business can be highly useful if the right buyer comes along. Beside…Read More

  7. Top Reasons Your Startup Should Partner with Outsourced Controller Services

    Top Reasons Your Startup Should Partner with Outsourced Controller Services

    Running a startup involves lots of complexities. Many of the startups fail in the first few years of their inception. Young entrepreneurs tend to make mistakes such as improper management, lack of knowledge of all domains, especially non-core activities, and poor market analysis. Despite working for…Read More

  8. Signs of Quality Outsourced Bookkeeping Services for Small Businesses

    Signs of Quality Outsourced Bookkeeping Services for Small Businesses

    The revenue for accounting, tax preparation, and payroll services in the United States are set to generate around 160 billion US dollars in 2018. That’s a lot of people spending a lot of money on accounting and bookkeeping services. Since so much money is spent on outsourced accounting and bookkee…Read More

  9. Do You Believe These Outsourced Accounting Myths?

    On a regular basis, we speak with small 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. Small business owners often think it will reduce visibility…Read More

  10. Outsourced Accounting Services: Help Your Business Grow

    Are you a small business owner feeling frustrated with the growth progress of your business? Achieving business growth is never easy, especially for start-ups that barely have the resources to make it happen. How do you help your business grow when you’ve barely gotten a return on investment? And …Read More