Business Accountants
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Is It Time To Hire a Bookkeeper?
If you think you don't need a bookkeeper, think again. If you've been considering whether or not it's time to hire a bookkeeper, here are some things to contemplate your financial fate: 1. If you don't really know what you're doing but think you can figure it out. Though systems like Quicken and Quickbooks are designed to be end-user friendly, they can be confusing for the non-professional. Most of the books we've worked on are small business owners who came to us after not being able to …
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Operating a Business: Understanding Financial Statements
When operating a business, whether online or offline, understanding financial statements is an essential skill if you are to be able to identify its strengths and weaknesses. A financial statement can offer a great deal of information about a business if you have been trained to read it properly. Understanding financial statements is distinctly different from analyzing them, and you must have that understanding before you can operate a business properly and maintain a feel for its progress. …
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9 Ways to Prevent Check Fraud
The threat of stolen identities and bank account fraud is indisputable, but very few of us actually do anything to prevent it from happening. Here are 9 very simple steps that any business can take to reduce their risk of becoming victimized. 1. Secure Mailing- Instead of using a normal mailbox at your office, mail any outgoing checks in a secured postal box at the Post Office. This eliminates the risk of a "Mail Harvester" stealing your checks and selling them to a check forging ring who …
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Small Business End-Of-Year Preparation
The process of tax preparation can be a bit intimidating for small business owners. With a few simple steps you can avoid problems with your Tax Returns. We have provided several basic check lists below that will assist you in your year-end preparation. Save Receipts Even small purchases should be tracked with receipts. While the government does not require you to keep receipts for expenses less than $75.00, you will have to know the circumstances of the expense. They will want to know …
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Six Simple Accounting “MUSTS” for New Small Business Owners
Every day, we meet with new small business owners. They always have the same questions about their businesses. This paper is to provide some simple answers to the most common questions. 1. What can I claim as a business expense? Operating a business is similar to going on a safari to Africa. If I asked you "How much did the safari cost?" you would simply add up the receipts for the trip and tell me the cost. As a new small business owner, you are in an adventure of business. Any expense …
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Hiring Accountants for Business Planning
Are you writing a business or marketing plan? If so, consider enlisting the expertise of accountants. Accounting is a critical aspect in making business or marketing plans. Preparing financial statements and projections require extreme care because these records are vital in persuading prospect investors about the viability of a business or marketing strategy. While most aspects of a business plan are qualitative in nature, numbers definitely provide a descriptive picture of a business more than …
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Featured Article
Small Business End-Of-Year Preparation
The process of tax preparation can be a bit intimidating for small business owners. With a few simple steps you can avoid problems with your Tax Returns. We have provided several basic check lists below that will assist you in your year-end preparation. Save Receipts Even small purchases should be tracked with receipts. While the [...]