How to Automate the Bank Reconciliation for Your Business
Reconciling your bank account can be a boring way to spend your time. Every month, it takes hours to match each line of a bank statement to a transaction. Also, reconciling your bank account by hand can be hard to do correctly and cause more problems than it solves.
How to Choose the Right Bookkeeping Software for Your Business
When looking for the right bookkeeping software for your business, you can see how many options there are. Some are best for freelancers, while others are best for accounting departments. How do you know which one is best for you or your organization? In this post, we’ll answer some of the most common questions about […]
Essential Things to Think About in a Bookkeeping Solution for E-Commerce
Running an online store comes with a lot of challenges and things to think about, like figuring out how to ship items and how to figure out taxes on online sales. Your accounting system should be able to keep up. Whether you use accounting software to do your own bookkeeping or hire a professional bookkeeper, […]
What’s the Difference Between a CFO and a Controller?
CFOs and controllers are both senior positions in a company’s finance department that help ensure the business is financially stable and ready to grow. But how are these two jobs different, and which one does your business need first? We’ll talk about what each person does, how they work together, and how to figure out […]
The Guide to Tax Returns for Seed-Stage Companies
It’s tax season for seed-stage startup founders, and there’s a lot to know. At Countick Consulting, our tax experts work with early-stage companies through all stages of the tax process. Here are the most commonly asked questions we get from founders, and for any additional questions, feel free to contact us here. Countick. first and […]
How does the IRS get people to pay the taxes they owe?
So, you owe taxes to the past. What comes next? The Internal Revenue Service won’t come to your door or your bank account the day after your taxes are due. However, if you wait long enough, the IRS will come to collect unpaid taxes. The way the IRS collects back taxes depends on factors such […]
What happens if you don’t file your taxes for three years?
More than 7 million Americans don’t file their taxes on time each year. So if your business is one of them, you’re not alone. There could be a lot of reasons why you didn’t file your federal income taxes on time for the last three years. There was no doubt that the pandemic caused a […]
Business Entities: Understanding the Different Types and Their Tax Implications
Even if you’re not aware of it, every business has an “entity type.” We’re here to walk you through the many types of business entities and help you choose the one that’s right for you. the five most common entity types Almost every company falls into one of the following categories: Business Entity Type Summary […]
The Consequences of Missing Tax Deadlines: Why Staying on Top of Your Business Taxes is Essential
As a business owner, you already have a long list of responsibilities to take care of, from managing your employees to keeping your customers happy. However, there’s one thing you simply can’t afford to overlook: tax deadlines. Missing a tax deadline can have serious consequences for your business, including hefty fines, legal issues, and damage […]
From Chaos to Clarity: Organizing Years of Backlogged Bookkeeping
If you’re a business owner, you understand the importance of keeping accurate financial records. However, with the demands of running a business, it’s easy for bookkeeping to be put in your backlog. Before you know it, you’re months, even years behind on your books, and you’re not sure how to get caught up. The consequences […]