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Bookkeeping Tips

Want to gain full control over your firm’s finances but aren’t sure where to start? You’re not alone and you’ve come to the right place. Enjoy these tips and reach out if we can lend a hand.

Feb 12, 2018

5 Ways to Keep Personal and Business Finance Separate

When was the last time you checked your financial reports for accuracy? Making key decisions based upon inaccurate reporting can be costly - even fatal - for an organization. Central to ensuring accuracy and tax law compliance, are the controls...

Feb 07, 2018

February Small Business Tax Deadlines

Small business owners seem to always be facing some type of deadline. Whether it's meeting payroll or filling a contract on time, it never seems to end. Fortunately, small business tax deadlines are minimal in February. Only those businesses who...

Jan 29, 2018

A Successful Capital Raise Starts with Your Financial Story

So your organization has reached the point where you need to initiate a capital raise. Maybe you've dialed in your business model and it's time to scale. Or perhaps you've quantified your nonprofit's operating deficit and need to bridge the gap. ...

Jan 18, 2018

Outsourced Bookkeeping: Why Your Bookkeeper's Exit is an Opportunity

Have you ever thought you need more informative financial reporting from your bookkeeper but competing priorities stood in the way of making a change? Have you ever used the departure of an employee as an opportunity to upgrade to a better...

Jan 10, 2018

Tax Deductions Often Missed by Small Businesses

Small business owners have to work harder and smarter in order to retain as much of their profit as possible, when it comes to taxes. In order to minimize the bill from Uncle Sam, an owner must find as many tax deductions as possible. Since there...

Jan 03, 2018

Managing Your Cash Flow: 101

Managing your cash flow may be the single most important business planning activity you perform, in good times or bad. Whether you are wondering if you can afford that next hire, take a dividend or simply make the upcoming payroll, an...

Dec 26, 2017

January Small Business Tax Deadlines

The fourth quarter is coming to a close and before you know it, you'll be toasting the new year and making your business resolutions for 2018. But before you bid farewell to the "auld lang syne" of 2017, you should ensure you're prepared for the...

Dec 20, 2017

4 Ways Yearend Financial Statement Preparation Shortcuts Can Hurt You

The end of year financial statement preparation is not a favorite task of most business owners. Under the stress and pressure of yearend, these important reports are often created quickly with a few clicks of the mouse and handed off to the CPA....

Dec 04, 2017

When to Hire an Employee: Be Careful to Time it Right

As a trusted adviser to our clients, we routinely have a seat at the table during the hiring debate. Business owners will want to weigh a handful of factors when considering the timing of their next hire (eg: what to pay, to whom the new employee...

Nov 29, 2017

Cash Management Practices and Strategies for Your Slow Season

Managing your firm through its slow season can be difficult. But by developing cash management practices and strategies, you'll be positioned to hit the ground running when your busy season resumes.

Nov 21, 2017

ROI Marketing in 3 Simple Steps

We were invited by social media marketing leader Likeable Local to write a guest article for the steps required to measure marketing return on investment - ROI Marketing. Click here to read it now.

Nov 06, 2017

December Small Business Tax Deadlines: You've Earned a Reprieve

With the busy holiday season upon us, it's a good thing there are only a few small business tax deadlines for December. 

Oct 31, 2017

How To Make An Invoice: 5 Tips to Get Paid Faster

All business owners want to be paid promptly. But many small business owners don’t realize their invoices may be lacking the five elements that facilitate quick payments. Here’s how to make an invoice that encourages customers to pay faster.

Oct 26, 2017

3 Basic Accounts Receivable Best Practices to Increase Cash Flow

Managing your accounts receivables is crucial to maintaining steady cash flow in your business. Here are three accounts receivable best practices you can implement to clean up your books and bring in the money due.

Oct 18, 2017

Bookkeeping Management 101: Is Your Bookkeeper Happy?

Where to start when you've committed to take control of your firm's financial management? A small business owner could look to the current reporting, reevaluate the accounting technology or even thumb through the accounting manual. But what about...

Oct 12, 2017

November Small Business Tax Deadlines: Why to be Thankful

As we move further into the fourth quarter, small business owners everywhere begin to breathe a sigh of relief as their most pressing tax deadlines fade into the distance.

Oct 06, 2017

Make Your Finance Dashboard Visual

Your finance dashboard - not unlike your car's - should present the most critical indicators of your firm's financial performance to help you steer it toward achieving your objectives.

Sep 28, 2017

Why Use a Balance Sheet: 3 Compelling Reasons

With all that a small business owner has to do, why add a regular balance sheet review? Won't your CPA advise at tax time if something is amiss? The fact is, an owner can't afford NOT to embrace this critical tool. Moreover, businesses are far...

Sep 20, 2017

October Small Business Tax Deadlines: They Don't Have to Be Scary

Halloween isn’t the only frightening event in October; there are several October small business tax deadlines looming ahead. Here’s the list of important due dates next month.

Sep 12, 2017

Why Budgeting is Important for Business: 3 Reasons

Successful small business leaders view their annual budgeting process as one of their most important managerial tasks. Ever stop to think why budgeting is important for business in the first place? Reasons abound, but here are a few.

Sep 06, 2017

Outsourced Bookkeeping Fills the Accounting Void for Rural Businesses

As a rural business owner, are you struggling with how to find a good bookkeeper or controller? This is a common problem for rural businesses, largely because a smaller town means an even smaller pool of candidates to fill a bookkeeper or...

Aug 29, 2017

Why Do a Bank Reconciliation: One Significant Reason

As a small business owner, you know all the ins and outs of your product or service, down to the most technical detail. But how much do you know about your day-to-day accounting? As long as the cash flow is in the black, you probably don’t think...

Aug 21, 2017

1 Question to Tap the Power of Your Small Business Financial Reports

Does this sound familiar? Month after month, your bookkeeper or controller dutifully produces the financial reports you need to monitor your business. And month after month, you check the bottom line on the profit and loss statement, tuck the...

Aug 14, 2017

September Small Business Tax Deadlines

Summer may be drawing to a close, but the IRS turns up the heat in September with several important tax deadlines for businesses. Mark these dates on your accounting calendar so you have time to get the necessary information to your accountant...

Aug 07, 2017

3 Tips for Creating Cash Flow Projections


Does your company experience ebbs in revenue at times? Or periods of particularly heavy costs? Is growth constraining your cash position? Creating cash flow projections will help ensure you'll always have adequate cash to pay the critical...

Aug 01, 2017

Building Business Value

There are many ways to measure the effectiveness of your firm’s finance function. For starters, there’s the accuracy, frequency, timeliness and utility of the reports your finance team produces. Are those reports digestible at a glance? And don’t...

Jul 12, 2017

August Small Business Tax Deadlines

August is right around the corner and although there isn’t much heat in the way of upcoming tax deadlines, there are a few target dates that may apply to your business.

Jul 11, 2017

How to Find Gross Profit Percentage: Careful it's Often Misleading

As a business owner, you know that your gross profit is an important figure, to you and to potential (or existing) lenders, investors and acquirers. For starters, your pricing strategy, ability to benchmark your performance and even you firm's...

Jun 28, 2017

Why You Need a Financial Close Checklist

As a refresher, a financial close is the process of entering all of your expense and revenue transactions from the most recent period, reconciling your bank and credit card accounts and a handful of others steps that tie up loose ends to set the...

Jun 14, 2017

July Small Business Tax Deadlines

The accounting world is ruled by deadlines and missing them can prove costly to your business. To help you avoid any such repercussions, we like to use our weekly tips to remind you of the most essential upcoming accounting deadlines. The summer...

Jun 07, 2017

Internal Controls for Small Business: An Introduction

Tight financial controls are a must for every small business and they don’t need to be overly complex or cumbersome to establish and maintain. To get started, here are three essential areas your internal controls must address, along with examples...
May 30, 2017

How to Get a Business Loan

Need cash to expand your business? Consider these steps to secure a business loan:


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