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If every small business owner had a crystal ball to predict the future, making business decisions would be a piece of cake. There would be no need to analyze financial statements or seek professional guidance. All the answers would be right there, gazing back at us through the curved glass. Though in reality, we live …
Continue reading “Five Key Steps to Produce Data-driven Business Projections (Most People Aren’t Doing #4!)”
Financial statements are key tools to understand the financial status of an organization and make sound decisions for the short-term and long-term future.
It is important to explore the difference between exempt and non-exempt employment status as it impacts the taxes, benefits and incentives your business will pay. Understanding the rules for both classifications will help you build a staff structure that is best for your company.
Wouldn’t it be great to have a compilation of all of your business’s financial transactions at your fingertips? With QuickBooks, an up-to-the-minute look at your chart of accounts is just a click away. Chart of Accounts A chart of accounts is a complete list of your company’s financial accounts in one place. Typically, each account …
Continue reading “Tracking Chart of Accounts in QuickBooks”
For many business owners, tax season is a stressful time. There’s a delicate balance between making sure you receive all possible deductions to optimize your tax bill and going too far and misunderstanding what qualifies as deductible business expenses. Read on to learn how eligible business expenses can save you money when filing your tax …
Continue reading “What is and isn’t a deductible business expense”
As another year is drawing to a close, tax season is just around the corner. To help you get everything in order for the new year, we’re sharing some helpful tips and information to get you organized with year-end planning. Year-End Tax Planning Resources To Consider Invest in retirement accounts Consider investing in an IRA. …
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Find out what’s hot in the sales & use tax world in this one-hour webinar with experts Jason Skrinak, CPA of Pivot Strategic Consulting and Jason Vathis, CPA, CFP of Gift CPAs. Questions Answered: Where are out of state sales subject to sales tax? What is use tax and when is it due? Received a …
Continue reading “WHAT’S HOT IN THE SALES & USE TAX WORLD?”
When it comes to construction budgets and automotive sales, numbers play a huge role in the success of a business or operation. Accounting and bookkeeping responsibilities are essential aspects of the business to keep up with but they may not be expertises in your wheelhouse. For business owners in these industries who are not prepared …
Continue reading “Why Work With An Accountant Who Understand Your Industry: Construction & Auto Industries”
As a business owner, understanding your company’s finances is a crucial part of growth and success. Without a pulse on your profits and losses, you don’t have a sense of what direction you are heading. So not only do you need to be aware of your P&L’s, but you need to check them regularly to …
Continue reading “The Entrepreneur’s Guide to Understanding Profit & Loss Statements”
Accounting and bookkeeping are essential aspects of the business to keep up within the fire and emergency services industry but probably aren’t your specialty. When working with an outsourced accountant, it’s crucial to find one who understands the ins and outs of your operation and all that goes into it. So how do you know …
Continue reading “Why Work With An Accountant Who Understand Your Industry: Fire & Emergency Services”