To Income Statement or Not

I know…I know I can hear all of you saying it right now – It took you long enough! Yes it’s that time! It’s time to look at your Income Statement! Everyone is always so...

Invoice Factoring vs Invoice Financing: What You Need to Know

If you own a small business and have faced slow-paying customers or other cash flow gaps in the past, chances are that you’ve at least heard of invoice factoring or invoice financing. These two...

QuickBooks Online – Restricted User Payroll Permissions

In the past, there was no way to restrict QuickBooks Online users, including bookkeepers, from accessing payroll. This meant payroll details were available to be accessed, which potentially created liabilities for companies using QuickBooks...

Crime Insurance and Why Tax and Accounting Professionals Should Be Recommending It

Small businesses and medium‐sized businesses are exceptionally vulnerable to crime events taking place “on the inside” of their businesses, including employee dishonesty, fraud, theft of property and computer‐based crime. The statistics are startling with...

3 Simple Steps to Documenting Tax Exempt Sales and Avoiding Liability

The words “sales tax audit” often instill great fear in most business owners, but particularly those in the food industry. Restaurant owners are among the most high profile and common lawbreaking taxpayers in the...

7 Year-End Planning Tips for a Successful 2018 Tax-Filing Season

As accountants and bookkeepers, you juggle a lot of different tasks to keep your business humming – from account reconciliation and expense management to documentation and tax filing. Timing is everything with 1099 and...

5 Common Loan Application Mistakes To Avoid

Banks and other loan providers are far more cautious about lending than they were just 15 years ago. The global credit crisis of 2008 changed the financial outlook considerably, putting more pressure on small...

When to Hire an Outside Bookkeeper

What is Bookkeeping? The books of a business are all of the transactions that occur, including every sale and expense the company makes. A bookkeeper is someone that inputs (usually into some time of bookkeeping...
Accountant and Bookkeeper

Does your small business need an accountant or a bookkeeper?

What is the difference? Accountant and bookkeeper are job titles that are sometimes used interchangeably with each other, but they convey different job responsibilities and level of technical knowledge. Bookkeepers are the people that do...

Considering a Commercial Mortgage Loan for Your Small Business? Here’s What You Need to...

Commercial real estate isn’t cheap. If you’re a small business owner who’s considering buying or further developing commercial real estate—whether that’s an office building, a shopping center, a hotel or another business-related property—odds are...
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