The human resource industry was valued at around $16 billion in 2019 and is only slated to grow from there. When it comes to modern business practices, getting an HR department is fast becoming a prerequisite. But what does an HR department actually do? If you're a business owner, do you really need to get [...]
Bookkeeping is not a task business owners should take on themselves. Many business owners think that DIY bookkeeping will save them time and money, but don't realize that the opposite is true. If you don't have the necessary skills and experience, your process may end up affecting your ability to run your business the way [...]
Let's face it, not everyone enjoys bookkeeping. And it's tempting as a small business owner to take it on yourself when in reality, you're spending your days off trying to balance numbers instead of relaxing. And when you look at the pricing, hiring an outside party to keep up with your books may seem like [...]
Ensuring your business is on a stable footing and in the best position to grow can be challenging without professional guidance. This is often when an experienced chief financial officer (CFO) can be invaluable. However, hiring a full-time CFO can be prohibitively expensive for many businesses. Using part time CFO services can be an excellent [...]
The US payroll outsourcing services market was worth $4.8 billion last year. Are you considering outsourced payroll but aren't sure how it compares to doing payroll in-house? Learn more about the differences between in-house and outsourced payroll here. Find out the pros and cons of each approach. You'll then be able to choose the method [...]
For many reasons, many SMBs at one point or another choose to outsource some of their services. From bookkeeping to HR, there are an array of different outside experts that can be brought in. CFO services are often recognized as the most valuable that a business can bring in from outside. But what type of [...]
Managing your company's finances while inspiring confidence in investors to give you a chance, can be a balancing act. You want to keep your company and staff happy while showing outside shareholders that your business is a good bet. This is where financial reporting becomes important. Financial reports are collections of key financial documents that indicate [...]
As your business grows, there will come a time when you don't have the in-house skills to get a job done. Do you consider an expensive new hire? Or do you spend the time and money training someone in-house? That's a common reason many small companies opt to outsource. But if you have never outsourced before, [...]
When you're trying to make it in the entrepreneur world, developing your skills in business management is vital for success. You might be asking yourself, what is business management? If you are, you'll be pleased to know we have you covered. This entrepreneur's guide will help you understand the skills and business management hoops you'll [...]
Are taxes getting away from your small or medium-sized business? In 2018, the IRS found that Americans owe $131 billion in penalties, interest, and back taxes. This is because people underreport their taxes and end up owing more later. They may feel as if they don't have the time to keep up with their income and expenses [...]
