User Stats
Rank: | 858 |
Karma Score: | |
Joined: |
July 19, 2020 |
Submitted Stories: | 94 |
Published Stories: | 1 |
Comments: | 0 |
Votes: | 94 |
Group Name | |
---|---|
Membership unavailable |
Following
No Following!
Followers
No Follower!
Stories
8 common mistakes small business owners make when filing their taxes
The necessity of focusing on customer acquisition and sales means taxes often take a back seat for small businesses. Many owners don’t think about taxes until the final days before taxes are due. Others get mired in the complexities of the process and end up accidentally violating tax codes.
Employee Benefits for Small Companies
Your startup is in its early stages, or perhaps you’ve been in business for a while, and you’re ready to hire employees. Have you thought about how you’ll hire the best ones? The most beneficial thing for your startup and your employees is to offer a healthy benefits package.
PEO versus payroll service How to pick the best option for your business
Many entrepreneurs and small business owners decide to outsource payroll, not only to free up valuable time to focus on revenue-generating tasks, but also to be sure that it is handled accurately and on time. When it comes to selecting a payroll service for your business, there are two main choices: payroll service providers, also known as PSPs, and professional employer organizations, commonly referred to as PEOs.
The basics of outsourcing for startups Accounting bookkeeping and CFO services
As a solution, outsourcing accounting, bookkeeping and chief financial officer (CFO) services are becoming a popular choice among firms that are looking to reduce their overhead expenses and increase efficiency at the same time.
7 simple ways to earn a glowing reputation for your small business - Escalon
Reputation is a big deal for every business today, regardless of size. The vast majority of companies work hard to cultivate a positive image to better connect with consumers.
Rent a CFO
Even though you are kind of a big deal in your own startup/industry, you can’t know what you don’t know about CFO-related work. Although accountants can help you build a solid financial foundation, working with a CFO instead can be game changer for a small business or startup. In this shared economy, it is easier than ever to find an on-demand CFO for your particular stage of growth.
Outsource Tax Services For Small Business
This is where outsourced tax services can be the perfect solution. By bringing in a third party to audit the money trail, you can lower your risk of internal fraud. This third party can also offer impartial standards of checks and balances, which ultimately help improve compliance.
Accounting Business Services
Accounting is at the heart of any well-run company. We make sure your books are in balance and error-free by taking care of everything from bank reconciliation and invoicing to cash flow management and year-end reporting. We also seamlessly integrate into your preferred systems. All you have to do is review and approve. Done.
Could Your Business Benefit From an Informal Advisory Board
Unlike a board of director, an advisory board is an informal group of advisors with no fiduciary duty and cost. Their role is to fill knowledge gaps for the company and help further its strategy.
Small business formation is booming in the US
A bit of bright news despite the pandemic is that new job creation has soared to record levels, according to a new report. This upswing has lasted at least six months and is projected to continue by one leading economist.
The Accounting And Finance Terms Every Business Owner Must Know
Accrual basis accounting incorporates accounts receivable and accounts payable to encompass projected costs and income. On the contrary, cash basis accounting records current expenses and revenues and does not record transactions until the firm pays or gets cash. As a result, cash-basis accounting is more convenient for most individuals, but it does not provide as accurate a representation of an organization's financial health as accrual-basis accounting does.
Glossary: The HR and payroll terms every business owner must know
This master list of common human resources and payroll terms for business owners is a handy refresher for easy reference. The list defines some of the most frequently used terms in HR departments today.
How to choose a tax preparer for your small business
Hiring a professional to do your taxes can save you time and aggravation, as well as possibly minimize your tax bill. We offer guidance on how to find a qualified tax preparer for your small business.
Doing your own bookkeeping: Is it worth it?
You can’t run a healthy and successful business without having your books in order. But handling the financial accounts on your own may not always be a good idea.
How to know when it's time to pivot your business model, and how to do it
A timely and well-managed pivot can help struggling small businesses successfully navigate the COVID-19. pandemic.
Outsource CFO
An outsourced CFO can offer several services, including operational optimizations within your company; systems analysis and design; raising capital; fixing cash flow issues; developing pricing strategies; implementing more efficient processes and systems; and preparing for growth.
Make Your Startup a Lean Machine: Cut Costs with These 7 Founder-Tested Tips
Early-stage startups can manage costs and keep them low despite minimal income by employing tactics such as leasing equipment instead of buying, securing a line of credit and partnerships.