20 September 2022
As a small business owner, you have a lot on your plate, from managing inventory and employee schedules to keeping up with customer demands. The last thing you want to think about is handling accounting tasks. However, they're crucial to running a business, and without them, you could face penalties, interest, and even jail time. While it may be tempting to try to do everything yourself, some things are better left to professionals.
8 July 2022
If you're a business owner, then you know that bookkeeping is critical to your success. But keeping up with all the details can be tricky. Here are some of the top FAQs on bookkeeping for business owners to help make the process a little bit easier. What Basic Bookkeeping Concepts Do You Need to Know? If you're new to bookkeeping, or if you're just looking for a refresher, here are some of the key concepts you need to know:
9 May 2022
It's no secret that businesses large and small are constantly targeted by fraudsters. From cybercrime to fake invoices, the schemes criminals use to steal from companies are vast and varied. While it's important for business owners to be vigilant in protecting their businesses, sometimes it's just not feasible for them to do everything themselves. That's where a certified fraud examiner can help. A certified fraud examiner has the expertise and knowledge to help your business protect itself against financial crime, so if you're looking for someone to add to your team, a certified fraud examiner is a great option.
29 March 2022
Prescriptions, test samples and reports, medical records, and admission forms are documents that may form heaps of paper in healthcare facilities. Healthcare institutions need to protect such information while ensuring it is available when needed by authorized persons. HIPAA compliance partially contributed to the formation of healthcare document management services to ensure the health facilities comply with the regulations and avoid penalties. For example, dentists in their clinics will need dental document management services to save their patients' information and organize important paperwork through digitization.
25 January 2022
Many business owners will opt to prepare their taxes without professional help. Sadly, some will end up making costly mistakes and attracting IRS audits. While a tax preparation service will cost some money, it will come with many benefits, as discussed below. Reduce Your Tax Bill If you have been paying high taxes lately, there is a high chance you aren't utilizing various tax-saving strategies. You might not even know that you are eligible for multiple tax deductions and credits.
13 December 2021
Most people have the misconception that you have to own or manage a huge corporation to hire a certified public accountant. While it is true that CPAs are invaluable to large corporations and people with massive assets, many other people need them. The professionals have the skills required to handle small and medium-scale enterprises and sole proprietorship businesses. Here are four ways to expect your business to benefit when you hire a competent certified public accountant.
11 October 2021
Managing the financial records and accounting needs of your business can be one of the most important responsibilities that you have. For small business owners, this can be a difficult task if they are not familiar with some of the basic practices that can help to keep this responsibility manageable. Create Business Accounts As Soon As Possible Intertwining your personal finances with those of your business can be a serious mistake to make.