6 Best Practices for Reducing Your Operating Costs
All business owners know they need to keep a keen eye on operating expenses, especially during economically uncertain times. Even small savings can add up when it comes to boosting profit margins, and reducing operating Read More
Jul 10, 2023
Grow Your Business with Insights from a Clean & Optimized QuickBooks Account
It’s easy to get sidetracked in the day-to-day demands of running a business and let your financial reporting processes take a back seat. When used to its full potential, accounting software like QuickBooks can put Read More
Jul 06, 2023
10 Payroll Issues for Small Businesses
You may not think of your small business's payroll function as risky. But if you don't properly handle certain payroll challenges, you may risk IRS scrutiny, operational disruptions and financial losses. What should you watch Read More
Jun 27, 2023
Benchmarking to Gauge Risk in Business Valuation
Benchmarking — or comparing a company's financials to those of industry peers and its own historical performance — can provide insight into future cash flows and operating risks. Business valuation professionals use the following types Read More
Jun 27, 2023
5 Benefits of Holistic Outsourced Accounting Services
Financial insights are the foundation of a healthy, growing business. Yet many small and mid-sized businesses lack the visibility they need into the numbers behind their cash flow, profitability, or other key metrics. Sometimes it’s Read More
Jun 26, 2023
How to Classify Information on the Statement of Cash Flows
The statement of cash flows is arguably the most misunderstood and under-appreciated part of companies' annual reports. But it can also provide valuable insight to stakeholders who understand its uses and potential weaknesses. The guidance Read More
Jun 24, 2023
Ins & Outs of Private Foundations
The term "501(c)(3) organization" — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used interchangeably with "public charity." But not all 501(c)(3) organizations are public charities. Some are private Read More
Jun 19, 2023
Strategic Tax-Planning Q&As for Construction Businesses
To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your company can claim, but also minding other important details. Here Read More
Jun 17, 2023
Saving for Your Child’s Education? Consider a Custodial Account
If you're looking to save for your child's or grandchild's education, you may have several options, including 529 plans, Coverdell education savings accounts (ESAs) and IRAs. But one of the best ways to invest for Read More
Jun 16, 2023
3 Signs It’s Time to Exit the Day-to-Day & Scale Your Business
A business owner’s workday is rarely idle. Especially in the early years, it’s not unusual to find an entrepreneur juggling multiple roles, both out of financial necessity and the desire to make sure everything is Read More
Jun 15, 2023