It has been said that the only two things that are certain in life are death and taxes. We’d like to add a third: inflation. You can be certain that costs will go up year after year. Housing is the easiest trend to follow (a $300,000 house today only cost $180,000 a...
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14 Creative Ways You Can Reduce Small Business Overhead Expenses
Steve Martin once said, “I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline-powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” A small...
Keep Up With Receipts Like A Pro With These 3 Simple Tips
Every transaction in your business has to be accounted for. In the nonstop world of a small business owner, it can be a real challenge to keep up with receipts. You either forget to enter the expense in your accounting software, or you just guess at the amount. Either...
Why You Need to Know the Difference Between Profit & Cash Flow
Business owners seem to be in a constant search for one number to tell them if their company is doing well or not. We get it. You’re busy and would much rather spend your energy doing whatever it is you do instead of staring at numbers on a spreadsheet. Having one...
How to Win in the New Year With Solid Budgeting Habits
Money sure can seem like it has a mind of its own sometimes! One minute it’s there, the next it’s gone. If you’re not careful, what you have will leave faster than you can bring more in. The only way to maintain control over your money–in both your personal...
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Unraveling Nonprofit Financial Statements To Help Your Organization Do Even More Good
When you run a nonprofit, you have to make every dollar count. Nonprofit financial statements help you stay on top of your income and expenses in a way that shows how you are responsibly using donors’ money. In this post, we’ll unpack what makes nonprofit financial...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...
Entry-Level Accounting Positions: How To Start Your Career On The Right Foot
Attention, job seekers! Are you interested in the best way to secure entry-level accounting positions? Then this post is for you. We’ll explore what hiring managers are looking for, what a good starting salary would be, what kind of experience you need (or don’t...
Operating Lease vs Finance Lease: How New Rules Will Affect Your Small Business
In an earlier post on new lease accounting standards and how they can impact your business, we discussed a couple of different types of leases. Because most business owners are involved with renting some type of property or equipment regularly, we thought it might be...
9 Types of Accounting Jobs To Consider If You’re Looking For An Interesting Career
If you’re wondering what types of accounting jobs are available to college grads and job seekers with accounting degrees, you’ve come to the right place. We’re a CPA firm that’s been around a while (40 years and counting), so we’ve seen a thing or two. One thing we...