Could Your Books Withstand A Tax Audit?

Tax audits can be time-consuming, taxing, and possibly expensive. Small business proprietors who might be navigating complex tax policies for the first time or who work in businesses such as restaurants where errors are easy to make are particularly likely to draw unnecessary attention for the IRS. An audit doesn’t need to be a painful, […]

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5 Tragic Payroll Mistakes And How To Avoid Them

Every business knows that payroll is vital to its operation. However, any problems, however minor, could affect virtually every business level. In fact, payroll mistakes are costing businesses thousands annually to rectify. That’s why it’s imperative you develop a solid tax compliance and payroll processing plan to prevent possible payroll fees and errors. Here are […]

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How Cash Flow Forecasting Works

Running out of money isn’t just an indication of poor planning. It’s also one of the major causes of business failure. One of the ways you can improve cash flow management is through cash flow forecasting. The process involves forecasting or estimating a company’s future monetary position and is a core-planning element of a company’s financial […]

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How To Track And Manage Different Payment Methods

If you’re a small business owner, you know how challenging it can be to track monthly payments, especially if the income-generating aspects of your business demand considerable attention. Nevertheless, it’s important you find an appropriate tracking method to avoid cash flow and credit issues. Fortunately, tracking software helps business owners track monthly payments securely and it’s […]

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What To Do Now To Avoid Year-End Bookkeeping Hassles

As we draw towards the end of the year, you’ve probably started thinking about taxes as a businessman or woman. If you find yourself thinking about taxes and bookkeeping at the end of the year, you’re too late. Moreover, you are likely to experience unnecessary bookkeeping hassles. It’s imperative you attend to your bookkeeping before the […]

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How Virtual Bookkeeping Services Keep Employees Happier

With technological advancement, more businesses are considering virtual bookkeeping services. For some, the concept of a virtual bookkeeper is scary, while for others, it simply won’t work. For those that entertain this idea, they soon appreciate the benefits of using remote bookkeeping. Virtual bookkeeping permits a bookkeeper or accountant to offer services remotely. To permit […]

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Why You Shouldn’t Just Outsource And Forget

Businesses frequently outsource as an effective strategy to decrease cost, access improved software products, and bring in innovation. However, outsourcing comes with its set of challenges that could be difficult or intimidating to manage. If you don’t prepare properly, you could lose control over the direction of your project, experience decreased quality in your products, […]

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Is Your Small Business’s Budget Out Of Control?

A business that lacks a budget sets itself up for various financial issues in the future. This applies to businesses of all sizes and ages. On the other hand, a business that creates long and short-term business goals by developing a comprehensive business plan can develop a roadmap for economic success and expansion opportunities. Here’s a […]

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7 Common Accounting Mistakes To Avoid

Accounting mistakes happen occasionally, but you can avoid numerous common mistakes with proper preparation and planning. Remember, it typically takes more time to rectify an error than to get it right initially. Interestingly, it’s also cheaper to recognize and rectify errors early instead of waiting to correct the issue later. While some accounting errors are […]

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6 Outsourcing Myths Holding Your Bookkeeping Back

Outsourcing of bookkeeping and other expert services is gaining a considerable foothold among business owners. Whether you’ve been thinking of outsourcing for some time or considering it for the first time, you might find you’re hesitant to take the leap, particularly because of the related myths. Frequently regarded with confusion, indifference, or outright fear by numerous […]

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