9 Ways Your E-commerce Business Can Get Financially Fit <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="4"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Business owners should prepare for any financial challenges in the future.

When you own an e-commerce business, every decision you make, from how much money you spend to how much you charge for services or products, has an impact. An e-commerce business must do a number of things to stay viable, especially with so many new competitors appearing in the market. It’s critical to be on […]

5 Tips & Tricks for Tax Time From Tax Pros <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Preparing early for tax season will make the filing process easier.

Tax season preparation for businesses often begins in the first quarter of the year. There is paperwork to be organized with the purpose of producing an accurate return for your business. April is approaching, and many day-to-day decisions have a big impact on your overall tax payments. By planning ahead of time, your company can […]

5 Tedious Business Accounting Tasks to Automate in 2022 <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="2"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Automating tedious accounting tasks can streamline your business operations.

For years, automation has been an intimidating, yet necessary, element of the human workforce. Today, automating processes with accounting software has the same set of obstacles and benefits as technologies from previous generations. Did you know that 69% of people who start a small business do it from home? These aren’t enormous corporations with a […]

4 Business Financial Goals for 2022 <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Setting financial goals will help your business prepare for the long-term future.

As we approach the end of 2021, now is a good time to take a step back and consider what you can do to get your small business’s financials in order. Because of the uncertainties that accompanied this year, this maxim bears even more weight in 2022. Why do you need to set financial goals […]

Choosing the Right Accountant: Which Type Do You Need? <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

A specialized accountant can perform specific tasks for your business.

Starting a small business can be difficult, especially if you are a first-time entrepreneur. As you begin, it is critical that you examine the professional services that can help make the process smoother. Unless you have extensive experience with finances or accounting, you will see that employing a professional accountant for your small business has […]

Best Retirement Plan Options For The Self-Employed <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="4"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

You can have a secure retirement even as a self-employed with the right retirement plan

Being self-employed offers numerous advantages. While you can be your own boss and enjoy the flexibility and agency that comes with it, there are some things that aren’t as readily available. Employer-sponsored healthcare and 401(k) matching programs are examples of this. This lack of formal perks has the potential to make it more difficult for […]

Overcoming the Great Resignation By Building An Agile Workforce <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Resignation rates are accelerating as a result of insufficient benefits and lack of flexibility

As the pandemic develops into a bigger economic threat, many employees question their profession and company, leading to a new phenomenon termed the “Great Resignation.” According to current projections, up to 26% of the US workforce are planning to leave their current employment by 2021. While the reasons for the “Great Resignation” are various, leading […]

A Business Owner’s Guide to Consolidated Financial Statements <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Consolidated financial statements provide an assessment of the overall health of a group of companies.

In today’s competitive business landscape, any small detail can make the difference between success and failure. Companies are aware of this, and as a result, many are consolidating their financial statements. This is the process of merging financial data from multiple business entities within an organization to determine their performance. Consolidated financial statements are becoming […]

5 Small Business Bookkeeping Tips for Better Financial Health <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

Separate business and personal expenses to simplify your bookkeeping process

As a small business owner, do you enjoy working with numbers as much as we do? Most likely, the answer is a hard NO.  How do we know this?  Many entrepreneurs run to certified bookkeepers and accountants like us for assistance. Others try to keep their business’s books up to date but get caught up […]

How Outsourcing Accounting Can Improve Your Business Cash Flow <span class="bsf-rt-reading-time"><span class="bsf-rt-display-label" prefix="Reading Time:"></span> <span class="bsf-rt-display-time" reading_time="3"></span> <span class="bsf-rt-display-postfix" postfix="mins"></span></span>

You can scale your small business by outsourcing accounting tasks

2020 was a difficult year for small businesses in the United States, and the pandemic’s impact will have long-term consequences.  As companies suffer from revenue decline and workforce reduction, all industry sectors are compelled to reinvent strategies to keep up with the changing business environment. An alarming statistics from Yelp’s 2020 Economic Impact Report showed […]