The U.S. Tax code was overhauled for the first time in nearly 30 years in 2018. Sweeping changes from individual deductions to sizeable corporate tax incentives inspired the IRS to form an internal oversight commission to educate taxpayers and businesses about the new laws. If you're not sure about how the changes will affect your business, [...]
Roughly half of small businesses will survive more than five years. There is a ton of competition and it can be overwhelming figuring out how to thrive. Many businesses underestimate how difficult it can be to manage every part of the process. One solution is to partner with outside experts to increase efficiency and free [...]
A Chief Financial Officer (CFO) is a high-level decision-maker within any company. Being in charge of the financial management of the company means the decisions they make will directly affect your company's future. It also means the CFO of your company is going to have access to sensitive financial information. This information could include company-specific [...]
Is your business struggling to keep up with invoices, expenses, and all other aspects of bookkeeping? Unsurprisingly, one of the most common reasons that small businesses fail is that they run out of cash. Simply put, proper bookkeeping can solve cash flow issues. How do you know when is the right time to outsource your accounting? [...]
You're not alone if you think trying to DIY your payroll will save you money. But research shows it's just not true. But there's a solution. Outsourcing your payroll will not only save you money and time but prevent security breaches and other risks. Read on for our guide on the benefits of outsourcing payroll. [...]
As a small business owner, you're in a unique position. To continue growing, your company requires the same financial services as a larger business, but you may not have space or funding needed to house those roles. What's more, too many entrepreneurs spread themselves thin by attempting to fulfill these tasks themselves. Though it's a [...]
For many small to medium-sized businesses, outsourcing financial functions is a great way to stay on top of "money matters" while keeping costs down. Without a detailed knowledge of accounting, though, it's tough to figure out what level of financial service is best for your business. If you've ever asked yourself questions like "What's the [...]
With more than half a million new small businesses launching every month, you need every advantage you can get. For many business owners, looking for ways to save money is the first impulse. It makes sense on the surface. The less you spend, the more you keep in reserve for business needs. One way some [...]
Chew on the word “budgeting” and it’s going to taste more sour than sweet. No one wants to be on a budget anymore than being on a diet. Wouldn’t it be great if we could spend (and eat!) as if calories and dollars were unlimited and consequences were zero? We can fantasize all we [...]
Ben Franklin said two things are certain in life—death and taxes. While there’s no escaping death, you can sidestep some taxes if your business takes preventive measures. Make a mistake and your tax bill grows. But if you plan ahead, take the right deductions, and prepare returns properly, you can save a bundle on [...]
