Business Financial Fraud – Avoid Becoming A Victim

Business Financial Fraud – Avoid Becoming A Victim

Business fraud has become a costly issue that many small businesses have had to deal with. It refers to illegal acts being carried out by an individual or a corporation in an unethical or dishonest manner. It is intended to benefit the person committing it and...
Tips On Tax Reduction for Businesses

Tips On Tax Reduction for Businesses

Lowering your tax bill for your small business is always a goal; with the tips below, you can do just that. And don’t worry, all of the tax tips below are completely legal, it just will take some time between you and your CPA to make sure you are planning for...
A Business Guide to Sending 1099’s

A Business Guide to Sending 1099’s

Tax season is upon us! For many business owners, sending out the 1099 form is a necessity that must be completed soon. Many business owners, however, wonder whether they must send them out to vendors. They aren’t necessarily sure of all of the required items...
Year-End Tasks for Business Owners

Year-End Tasks for Business Owners

We all know that balancing work and your personal life towards the end of the year can get a little tricky. Even more so if you’re a business owner! As you prepare to close out your books and get your business ready for the new year, there are a number of tasks...
Set Up Your Chart Of Accounts the RIGHT Way

Set Up Your Chart Of Accounts the RIGHT Way

One of the most important things you’ll do in your business is set up and maintain your financials properly. Categorizing expenses, keeping an eye on the money going in and out, as well as managing the details of your revenue and inventory are crucial. And all...
Year-End Tax Prep Tips to Consider with Your CPA

Year-End Tax Prep Tips to Consider with Your CPA

Now that the 3rd Quarter of 2022 is quickly coming to an end, it may be time to start thinking about scheduling a meeting with your CPA. Have you thought about what you need to prepare when it comes to your business taxes? Now is the perfect time to take simple steps...
Pros and Cons of Bill Payment Systems

Pros and Cons of Bill Payment Systems

When you own a business, it’s important to make sure your customers can pay for your goods and services as easily as possible. One way to make sure that happens is to offer them online payment. Many times, this can be done through different online payment systems and...
Difference Between Cash and Accrual

Difference Between Cash and Accrual

When it comes to different accounting methods, we know it can be confusing. But what exactly is the Difference Between Cash and Accrual and what is best for your business? Mainly, it lies in the timing of when revenue and expenses are recognized. Specifically: The...
Differences Between Business Types

Differences Between Business Types

Are you starting a new business? Not sure where to begin when it comes to legally setting up the type of business entity you desire? First, it is important to understand the Differences between Business Types and what would matter most for your company. Depending on...