It’s impossible to predict the future with complete accuracy. However, it’s still important to stay aware of rising business and accounting trends; doing so can put your business on the path to achieving its goals. 2023 is well underway, and today’s business environment is rapidly evolving with new technologies, risks, and customer demands. While pandemic-related […]
Farming is a complicated business, and that’s before you get to accounting for farmers. If you’re a farmer or involved in the farming industry, you need to be on top of things on the accounting side of your business. Records need to be current, and IRS rules must be complied with. You also need to […]
Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]
Generally Accepted Accounting Principles (GAAP) measure the financial health of public companies. There are standards within GAAP that provide other accountants with information. The main purpose of GAAP is to ensure that financial reporting is transparent, consistent, and comparable across organizations. What Is GAAP? GAAP refers to a set of accounting principles, procedures, and standards […]
Healthcare industry accounting is more complex and time-consuming than accounting for a typical small business, which has its own complexities. Not only will your practice need to account for patient payments, but you might also regularly battle insurance companies, Medicare, and Medicaid to secure your fees. Whether you’ve just launched your medical practice or have […]
The concept of debt is so ingrained in our culture that most people accept it as a necessary part of life. Many individuals accumulate personal debt, including credit cards, student loans, car payments, and mortgages. Another type of debt that may affect small business owners at one point or another is business debt. Businesses in […]
The basics of accounting for a partnership business are similar to accounting for a sole proprietor. However, there are some key differences that are worth knowing when it comes to crunching the numbers. A partnership differs from a sole proprietor in that a partnership is a collection of multiple sole proprietors. For multiple sole proprietors […]
As a small business owner, you always want to do what’s best for your business. This includes making the perfect hires, selecting the right vendors, and choosing the best person to do your taxes. But which is best for your business, a CPA or a tax preparer? Use this blog as your guide to understanding […]
Tax season is right around the corner. Now is the time to prepare your small business taxes. This includes everything from invoices, receipt books, bank statements, and any records pertaining to your small business expenses. Maybe you’re well-prepared and already a pro at keeping a detailed daily expense tracker. Or maybe you’ve let some things […]
Certified accountants have the knowledge and experience needed to help you navigate the taxes and finances specific to your business. However, it’ll take the right accountant with the appropriate experience and background to give you the support that you need. To help you find the right accountant for your business, we’ve developed a list of […]
