Accounting News

Making your list, checking it twice. The IRS will find out if you have been naughty or nice. What will your organization receive this tax season, a refund or a penalty? Soon after the festive holiday season, small businesses scramble to make last minute changes in order to comply to tax code changes and take […]

All businesses need to have the W2s in the hands of their employees by January 31, and are even required by law to get them out if you happen to be passed the filing date. Even though you technically don’t have to send all of the tax information out until after the new year, starting […]

A great employee is a valuable asset, and can be worth every penny if their talent and ethics stand out. On the other hand, some benefits can be a great waste with inferior employees. It is wise to let go of those weak employees, and it is vital to keep the great employees happy. Job […]

When it comes to specialty practices, one surrounded in mystery is often forensic accounting. However, we’re going to clear up some of the confusion regarding forensic accounting and explain just how much this practice has changed over the years. With this being said, here’s a look at forensic accounting and how much this occupation has […]

With each passing year, companies go through the process of filing an end-of-year return and face the foreboding possibility of being audited. Corporate tax audits are unfortunately a source of worry and apprehension for business owners, and they inevitably entail additional accounting expenses that impact a company’s bottom line. It’s impossible to entirely avoid an […]

It’s more important than you realize to revisit your financial goals at least once every year. Whether you’re a small business or a multinational corporation, making this a habit can lead to great things for your business while failing to do so can lead your business to stagnation and a lack of growth in the […]

In hopes of saving money, many entrepreneurs have a do-it-yourself mentality when it comes to practically everything. They believe they should do everything themselves instead of paying others to do it for them. This is especially true when it comes to paying for bookkeeping services. Here are some of the many reasons why you should […]

Every business needs a roadmap. The majority of successful businesses establish business financial goals and arrange their strategy to achieve them. Some businesses get started with little strategy and hope to stay above water, not realizing that a commitment to establishing and following through on stated business financial goals have long-term benefits. Understand the importance […]

It is the small choices that can make a profound impact on your business. Poor oversight and inconsistent practices can cause business owners a big headache down the road. No one wants an IRS penalty or an audit and it makes sense for small business to have the right processes and people in place to […]

Do you plan on seeking funds from investors or eventually selling your business? A business valuation comes as a handy tool for owners and stakeholders to properly evaluate their assets and set future goals for themselves and their business. An objective financial assessment makes certain that owners know the full value of the business prior […]

Establishing professional and personal business goals is a way to drive progress and development. This is a crucial step as new business owners can get mired in the day to day. Business owners do not have the extra revenue to waste on poor management and avoidable mistakes. The creation of reasonable business goals and objectives […]

Owning and operating a successful small business is no easy task, and taking on the role of tax preparation makes your job that much harder. There’s no reason to waste time preparing business taxes on your own. Outsourcing tax preparation services can save you time, money and hassles. All it takes is one small mistake […]