Accounting Solutions
Cash Flow: A Tale of Two Businesses
Everyone knows cash is king. You’re told time and again. Cash allows you to be nimble. Cash allows you to jump on opportunity. You know you need it for business...
What is Use Tax
Use Tax is a tax on purchases that is charged to the buyer if the seller did not originally charge sales tax on a taxable purchase. While most sellers of...
Top 5 Items to Review in Your Financial Statements
Having accurate financial statements is key to running a successful business. If you go to the bank for financing, your banker is going to want to see quality financials that...
Employing your Children in Your Business
As a business owner, you are constantly looking for potential tax breaks or options for shifting income. If you have children, one option to consider is putting your kids on...
Beware of Third Parties Selling You The Employee Retention Tax Credit
What is ERC? The Employee Retention Credit (ERC) has been a hot topic since 2020, when the Coronavirus pandemic changed the world. The credit was implemented to aid companies in...
Managing Cash Flow: A How To Guide
Managing cash flow can be the difference between your business success or failure. You can’t open a book on entrepreneurship without the mention of cash flow. But, what is...
Paying Your Taxes
Be Prepared Your business is profitable! Congratulations! You owe taxes! Contrary to popular belief, owing taxes is not a bad thing. It means your business made money. Yes, it’s great...
Understanding Negative Balances in Your Financial Statements
Negative balances in your financial statements can signal errors or issues with your business performance. In some cases, a negative balance can be accurate, but it’s important to review further...
Reviewing your Financials: Top Five Things to Look For
If you’re getting regular monthly financial statements in your business, you’re already ahead of many business owners. But financial reports are only as good as the time you put in...
Outsourcing Your Accounting: How to Make it Work
Outsourcing is becoming a more common practice in business. Whether it’s marketing, accounting, sales, or even operations, outsourcing has become easier than ever. But, outsourcing only works if you do....
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