The Impact of Tax Reform on Financial Statements: Are You Ready?

You’ve probably seen the big changes that many publicly traded entities have announced related to the accounting for the Tax Cuts and Jobs Act. It’s important to remember that the impact of tax reform...

Inventory management and cash flow: how to swim without sinking

A balance sheet reflecting a working capital that has been clearly mishandled can teach small businesses operating inventory a lesson or two about the consequences of a badly managed stock. A lesson learned, now...

3 Unexpected Expenses Likely to Hit Your Small Business

In life, you will always encounter some sort of unexpected expenses. These expenses could be from car damage, an urgent doctor’s appointment, or shelling out a lump sum to pay for a home repair. While...

Desktop in the Cloud or Genuine Online: which QuickBooks version is right for your...

Small inventory-based businesses, whether in an early stage or already on a roll, are always on the lookout for a software system that can align their books and inventory management, streamline operations and make...

A Step-by-Step Guide for Getting your Bookkeeping Organized for Tax Season

Tax season is now in full swing, meaning that many are likely wishing they had instituted better organizational systems over the past year. Use this bookkeeping how-to guide to get your small business organized,...

How to Access QuickBooks From Different Devices

Recent studies has proven that businesses are transforming digitally by implementing digital workspaces allowing them to move their IT infrastructure, business applications and data files to the cloud. A digital workspace is all of...

3 Financial and Accounting Tips for New Small Businesses

If you’re running a new business, you inevitably have a lot going on. Let’s say you’re running a home service business—you’re visiting client sites, following up on quotes, scheduling your team, and completing work....

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...

Forgotten or Not – Balance Sheet

The forgotten statement.. yes it is true there is a forgotten financial statement... the Balance Sheet. Everyone loves their Income Statement but no one ever looks at their Balance Sheet. Is it because you...

Tax Tips: How to Correct Filing Mistakes

Even after tax season is long gone, it doesn’t mean you or your small business are completely off the hook from any tax mistakes on your return. Even if you swore your tax return...
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