It’s no secret that filing your tax returns on time is important. But many business owners don’t realize the consequences of filing late or not filing at all. Failing to file your tax returns can result in fines and penalties, as well as imprisonment. Filing a tax return is the only way to receive a […]
What Happens if I Don’t File Business Taxes on Time? Read More »
Tax season will be here before you know it and it’s never too early to start preparations. By following the simple tips below and learning about the updates implemented in 2024, you can make the process of filing taxes more manageable and stress-free. Before we begin, there are three big things you’re going to need
2024 Tax Filing: What You Need to Know Read More »
Starting a business can be an exciting yet daunting process. There are many mistakes startups can make that lead to difficult financial situations. Let’s look at some of the most common financial mistakes startups should avoid. 1. avoiding mistakes at the end of the tax year As the end of the financial year approaches, many
How To Avoid Making Financial Mistakes as a Startup Read More »
As a business owner, it is crucial to have a solid understanding of accounting principles and solutions in order to manage your financial affairs accurately. Accounting has been used for centuries as a way to keep track of financial transactions and record them in a systematic way. Today, accounting has become an essential part of
When you run a business, you’re a small cog in a big machine. The only way to know how well your machine is working is by keeping track of all the other parts. Without proper bookkeeping, you’ll never know if there’s a problem brewing or if things are going swimmingly. If something goes wrong and
7 Alarming Points You Face If You Don’t Do Bookkeeping! Read More »
Hiring an accounting firm to handle the financial needs of your business can be a wise decision for several reasons. Accounting firms can work with your business and your budget to provide you with the services you truly need. Accounting firms can also help save your business money, have a wider knowledge than just one
Maximizing Your Business’s Financial Success with an Accounting Firm Read More »
While each New Year has unique challenges and opportunities, several constants must be met for your business to successfully close out the current year and set the stage for the next one. This article will cover the steps you need to take to prepare for the next year, including tax and benefit planning. Below, we’ve
Looking for a year-end checklist? Are you ready for Tax filing? Read More »
The first step in accounting is bookkeeping, which is also one of the most critical steps. Bookkeeping is organizing, categorizing, and keeping an organization’s financial records in order. Keeping track of the financial health of an organization means keeping track of transactions and storing financial paperwork. Most businesses do their bookkeeping electronically, either with a
The Power of Double-Entry Bookkeeping for Business Owners Read More »
So, you are a lot behind on your taxes. When life throws us a curveball, it can feel too hard to deal with taxes and paperwork immediately. Then life goes on, and catching up feels so hard that it’s almost overwhelming. You’ll soon be at a stage where you haven’t filed taxes in 10 years.
If you haven’t filed your taxes in the past ten years, you need to do this. Read More »
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
What’s the Difference Between a CFO and a Controller? Read More »
