Posts Tagged ‘Accounting’
Accounting: What Kind of Bean Counter Do You Need?
Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for the transactions. To expect a bookkeeper to provide analytical planning is to ask for something they often cannot provide, except…
Read MoreHow to Prepare for Tax Season in the Current Climate
The new Tax Cuts and Jobs Act has substantially reformed the tax code moving forward. Because it was made effective immediately, the new law has businesses and individual taxpayers scrambling to understand all the law’s implications. The IRS has now provided guidance that should resolve most of the questions taxpayers have and give businesses the information they need to…
Read MoreGetting Ahead of the Curve: Technology and Accounting/Bookkeeping
According to the nonprofit organization SCORE, a full 40% of small business owners feel that bookkeeping and taxes are the worst part of owning a business. Small business owners spend, on the average, 41 hours or more on tax preparation each year. Many small businesses hire CPAs to keep their books or prepare their taxes. With current…
Read MorePetty Cash Management: A Good Practice System
Petty cash is a float that gets replenished monthly and is a convenient way to reimburse staff for company purchases or to cover minor expenses. Petty cash is considered a current asset on the balance sheet. Having a system to manage petty cash is crucial so that it reconciles each month. Some systems to put…
Read More5 Cybersecurity Tips for CPAs
Every day, CPAs handle documents populated with their clients’ most sensitive personal details. Names; addresses; Social Security Numbers; bank or savings account details; credit card numbers; tax information. These details and others are there on the paperwork that CPAs work with and store in their files. In the wrong hands, any of this information could…
Read More6 Ways for Global Freelancers to Save Money
Working as a freelancer comes with its share of benefits – you get to decide your own work hours, you can work from anywhere, and you don’t have to worry about what to wear or commuting to and from the office. However, inconsistent income requires that you save money for the rainy days to come,…
Read MoreSustainability and Accounting
Businesses have long gauged their success by the strength of their earnings. Today, however, more and more businesses are striving for sustainability in the marketplace. They recognize a three-pronged bottom line consisting of profits, people and planet. This paradigm shift in how you think about the bottom line of your business moves you from an…
Read MoreWhy Local Accounting and Bookkeeping Knowledge is Essential
It should be pretty obvious that an accountant who has a great deal of general knowledge in accounting and bookkeeping is better for you or your business than one who doesn’t. But how important is it for your accountant to have specific local knowledge of the tax laws and statutes that impact your personal or business…
Read MoreHow to Choose the Right Accountant for Your Business
Deciding that it is finally time to look for an accountant is a big step for any growing business, but you will have to make sure that your financial information — one of the most important areas in your business — is in the right hands. It is highly likely that most people would first turn to…
Read MoreLessons Learned: Running a Niche Marketing Campaign for a CPA Firm
As marketers, we put blood, sweat, and tears into our campaigns. From strategy to design to promotion, tons of manpower goes into getting a campaign off the ground. After weeks of hard work the last thing that we want is a failure. “Well [heavy sigh] that’s exactly what happened to us during a recent ebook…
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