What is cloud accounting and why you need it are two important questions worthy of your consideration today. This is especially true for small businesses. Although you don't have a lot of money in your budget, your accounting needs are no different from those of a big business. Cloud Accounting Defined To [...]
Business owners are experts at their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scene isn’t always as easy. With the right tools and resources, including a professional by your side, you can enhance the way you [...]
If you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses in the first year of the business’s operation. Unfortunately it is a little more complicated than that. Expenses a business incurs in the beginning can include equipment purchases, vehicle purchases and use, leasehold improvements, organizational costs [...]
Even in today's digital age, many small business owners are still keeping records the old-fashioned way-with pencil and paper. Recording transactions by hand can be very time-consuming, which is why you may want to consider one of these 4 tools to automate your small business accounting. #1. Quickbooks Online Used by more than 1.5 [...]
When you're working in a business, it's important that you're able to store and access your data at all times. You won't always be at your personal laptop, and you may not be present in your office, either. However, what if you wanted to secure some of your files or access them from a mobile [...]
Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What does a virtual CFO do for your small business? Here is [...]
Accounting duties are viewed as a necessary evil by many businesses owners. In addition to being costly to tackle, accounting tasks are time-consuming. At times, it seems as if it is impossible to focus on the core aspects of your business because you are always trying to collect late payments or match an invoice to [...]
Business systems are changing and transitioning more and more into virtual cloud-based services, providing opportunity for streamlined workflow processes. Businesses in modern times are being challenged to meet rising customer expectations, influenced by the amazing reach and flexibility given with cloud and mobile computing – in the hands of nearly everyone in the developed [...]
If you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses in the first year of the business’s operation. Unfortunately it is a little more complicated than that. Expenses a business incurs in the beginning can include equipment purchases, vehicle purchases and use, leasehold improvements, organizational costs [...]
Where did your Federal income tax dollars go in 2015? The National Priorities Project recently broke down the United States $4.2 trillion dollar Federal budget detailing where your tax dollars were allocated. The majority of your Federal income tax dollars go to health programs, defense and interest on the national debt. In 2015, the average [...]