What to Expect: Expanding Your Business

Changing business structures

If you’re like many businesses in America, you started out as a sole proprietorship. In fact, 70% of businesses in the United States right now function under this business structure. As your business grows, however, the needs and issues your business faces change. This may necessitate a change in business entities. Even as an LLC […]

What to Expect: Handling payroll changes when adding new employees

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Business growth is a good thing. As your business grows, you will soon discover that with growth comes many changes in various areas of your business. One of the biggest changes you may experience is finding that you need to hire additional employees. Once you decide to expand your team, you will face a new […]

To QuickBook or Not to QuickBook?

Quickbooks

Accounting software is a must-have for small business owners who lack the time and/or staff needed to organize their records and keep them organized. If you are currently shopping around for accounting software, you’ll come across a variety of products such as Xero, Sage 50 (formerly Peachtree), and Freshbooks. You may have even considered creating […]

Understanding an Audit Report

Small Business Audit

Although the process of undergoing a small business audit may seem tedious – or even intimidating – it is still an important task that every business owner should do. Audits help small business owners make certain their companies are running effectively and remaining financially compliant. An audit report, which is a comprehensive appraisal of a […]

CPAs: What Makes a Good Accountant?

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Are you starting a business or perhaps need someone who can help you with your tax, accounting, and other financial needs? Then you may consider hiring either a general accountant or a CPA (Certified Public Accountant). Either way, finding and choosing the right accountant or CPA definitely takes time. It’s wise that you hire someone […]

Bookkeeping: The Art of Financial Organization

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Are you a small business owner who dreams of having your financial records in order? To some people, organizing your books may seem as intricate – and complicated – as a beautiful work of art. And indeed, there is a certain artistic quality that pertains to bookkeeping management. Bookkeeping involves the process of recording all […]

What to Expect: 2015 Tax Refund

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Are you breathing a little easier since the April 15th tax deadline has come and gone? Hopefully, you had no troubles filing your tax return and finished it on time. Now you can focus on settling back into your “business as usual” routine. And, if you are among the many Americans who anticipate receiving a […]

Business Financial Records: What do you need to keep on hand?

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Much of the success of any small business’ success depends on how well its owner keeps and organizes his or her business financial records. Most small business owners probably already understand the importance of keeping records of their financial statements for future taxes. They are also the best way of helping you keep track of […]