Technology in Small Businesses

Social media communication concept
Technology plays a major role in facilitating the success of any business. Small businesses operating without a sound understanding of the power of up-to-date technology may find it difficult to stay competitive and solvent. A competent Accountant can advise small businesses on the software best suited to their particular business....

Basic Tax Tips for New Businesses

tax-tips
A brand new year is just around the corner. Knowledge about tax law and overall tax obligations is important for anyone contemplating opening a business in 2017. Below are a few tips regarding major tax responsibilities. Keep them in mind as you prepare to become an entrepreneur in 2017. There...

Accrual and Cash Accounting: An Overview

budget calculation
In accounting, two of the practices used to ensure the accurate maintenance of financial data are Accrual Accounting and Cash Accounting. Though they have several similar components, they also have clear differences which we will try to define in this article. Accrual Accounting The Accrual Accounting model records revenue at...

The Case for Forensic Accounting for Small to Mid-Sized Businesses

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Small and closely held businesses are not impervious to white collar crime. Every year illicit activity results in the loss of billions of dollars from businesses both large and small. Law Enforcement and Prosecutors, of course, are helpful in catching and indicting the perpetrators, the truth is that Forensic Accountants...

Fourth Quarter Tax Time

tax time
Before you know it the holidays will be upon us. We’ll be sure to plan for a warm, wonderful and festive season. But it’s also important to remember that it’s the fourth quarter and the clock is ticking. Oh, I’m not talking about a football game; I’m talking about tax...

Solving Cash Flow Problems for Small Businesses

Cash Flow Problems
Perhaps the biggest problem facing many start-ups and small-to-midsized businesses is cash flow. Simply defined, cash flow is the capital your company takes in and expends at any given time. Your cash-flow should be evaluated regularly to determine how effectively your business is functioning. A straightforward method to use is...

Tax Compliance Tips for Small Businesses

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Running a small business is a huge undertaking. Owners must oversee every aspect of the operation including: networking, sales, administrative operations, servicing, and fiscal management as well as all other necessary tasks. Come tax time, the IRS shouldn’t have to be the bad guy. Both you and the IRS can...

Net Neutrality and Your Business

net neutrality
What is Net Neutrality? Simply put, Net Neutrality is a means of making the internet an equal and level playing field for all. It’s the idea that internet providers are obliged to communicate all data consistently and at equal fees. In actuality, this concept has been in practice for some...