What Is a Corporate Expenditure Audit?

Beginning the journey of entrepreneurship or managing an established business requires navigating a maze of financial decisions and obligations. Whether you’re a new startup founder or an experienced industry veteran, one universal reality remains: successfully controlling your company’s expenses is critical to long-term success. In this detailed guide, we invite new business owners and seasoned professionals…

Read More

Top Financial Management Tips for Businesses and Non-Profits

A stylized depiction of a person analyzing data

Effective financial management is so important if you want your business or non-profit organization to thrive and grow. It involves a lot of planning, organizing and control. You will also have to monitor your financial resources so you can achieve your objectives. Good money management will help your business to make effective use of its…

Read More

Upcoming Tax Changes for 2024

a person working on tax forms

Individuals and businesses need to be aware of the upcoming tax changes that will impact their financial planning. From adjustments in tax rates to updates in deductions and credits, understanding these changes can help taxpayers prepare and make informed decisions. In this overview, we will discuss the key tax changes that take effect in 2024, providing…

Read More

LIFO Can Still Provide Tax Savings for 2023

a graphic depicting the concept of last in first out

While inflation is not at the high levels seen in the last couple of years, if you haven’t elected LIFO previously, now is the time to look at Last-In-First-Out (LIFO) accounting. If you have inventories of machinery and equipment, glass products or any concrete or cement inventory, there could be tax savings for 2023. Whether…

Read More

The Best B2B Services for Small Business Owners

a business owner smiling on the phone

For small business owners, tapping into the right business-to-business (B2B) services can mean the difference between stagnation and growth. In today’s bustling marketplace, small operations must leverage the power of other businesses to bolster their own services and bottom lines. Efficient B2B services enable small businesses to focus on their core operations while delegating ancillary…

Read More

Hiring a New Employee? Consider the Virtual Advantages

Hiring a New Employee? Consider the Virtual Advantages

Navigating the growth of a small business is all about knowing when to take the next leap. Jump too soon or too far, and you’ll fall. Wait too long to make a move, and the industry might just leave you behind. Nothing illustrates this more clearly than how small companies approach hiring. Hiring a new…

Read More

The Accounting Cycle For Startups & Small Businesses

Navigating the financial landscape can be a challenge, especially if you’re setting up your first startup or running a small business. Among the many tasks that demand your attention, understanding and managing the accounting cycle stands out as critical and necessary.  This cyclical process involves identifying, recording, analyzing, and reporting your company’s monetary transactions in…

Read More

3 Important Things You Need to Know About Running a Business

why-u-need-an-accountant-for

There are a lot of things to think about when you’re running your own small business. From marketing and sales to accounting and HR, a lot goes into making your business a success. The following blog will outline the most important things you need to know about running a small business. By following these tips,…

Read More

Considering Cloud Accounting Services? Here’s What You Need to Know

choosing a cloud accounting service

Cloud accounting services are becoming more and more popular as businesses of all sizes move their operations to the cloud. If you’re considering using a cloud accounting service for your business, it’s important to understand what these services offer and how they can benefit your operation. In this article, we’ll discuss the basics of cloud…

Read More

6 Benefits of Hiring a Registered BAS Agent for Your Business

As a business owner in Australia, it’s important to keep your accounts up to date since you’re responsible for submitting your Business Activity Statements (BAS) to the Australian Taxation Office (ATO). This report helps owners have a continuous picture of their business’s position and helps them report and pay different types of taxes, such as…

Read More