Outsourcing your bookkeeping is an excellent way to successfully grow your business, increase revenue, and generate higher margins. For small businesses, outsourcing their bookkeeping can offer multiple unexpected benefits. From saving time and money to increased...
Bookkeeping is a crucial part of any business. That said, many business owners consider this management and compliance facet of an organization a cumbersome and tedious task since it takes up lots of time. Rushing this non-revenue generating process to meet tax...
Owning and running a small business is an exciting and rewarding endeavor, but it also comes with a lot of responsibility—especially on the subject of taxes. It's important to stay organized with receipts, invoices, past payments and expense records. It's easy to...
Filing a tax extension can be a good choice for many taxpayers. For one, a tax extension gives you more time to file your taxes without incurring a late filing penalty. But while it can be a great way to buy extra time, there are some potential drawbacks to consider....
Virtual bookkeeping services have become the go-to for businesses of all sizes and industries—and for good reasons. They are cost-effective, reliable and provide businesses with the financial insights they need to make informed decisions. That said, there are still a...
Having a bookkeeping expert for your business is an essential part of success. Such a strategy keeps your business compliant and tax-ready. Bookkeeping is the process of recording and tracking business transactions to ensure accurate financial records. On-time...
As businesses become increasingly digital, tracking business transactions is a key part of managing your finances. Apps like Venmo are becoming increasingly popular for managing business transactions, but do you actually need to track your transactions over such apps?...
What Can Automating Payroll Do For You? All business activities can now benefit from digital technology, from production to marketing. That includes all accounting functions, such as payroll preparation. Even so, some businesses still use manual methods when preparing...
What’s the purpose of preparing a loan submission package? When applying for a loan, you must provide the lender with a loan package. Alongside a business plan, a loan package is a documentation presented to a lender for review in order to determine whether to approve...
There are a few crucial benefits to accepting credit card payments. For one, doing so puts your business on a level playing field with competitors. The process is relatively inexpensive and can improve your business cash flow as the proceeds are deposited in your bank...