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Income Statement and Balance Sheet: Integral to a Successful Business

Income Statement and Balance Sheet: Integral to a Successful Business

Jan 1, 2022

If you want your company to succeed, you must maintain detailed financial records related to the operating of your business. Gaining a grasp on the more complicated aspects of accounting can help you garner a better understanding of your company’s finances, though hiring a professional accountant may be the most practical approach. Whether you learn […]

Why a Cash Flow Analysis is Crucial for Your Small Business

Why a Cash Flow Analysis is Crucial for Your Small Business

Dec 15, 2021

Cash Flow essentially determines the health and solvency of your business. Poor management of cash flow is to blame for the downfall of over 80% of all businesses, according to one study. Cash flow is how money comes in and goes out of your business, and it is imperative to monitor. Cash flow analysis takes […]

Tracking your Finances? Try QuickBooks

Tracking your Finances? Try QuickBooks

Dec 1, 2021

If you own a small business, you know the importance of tracking your finances and expenditures. This provides a clear view of your cash flow, while also increasing your ability to make efficient and cost-effective business decisions. One way to do this is with QuickBooks; QuickBooks is the most common accounting software program among small businesses for several reasons.

Consider these Key Factors to Develop a Sound Business Succession Plan

Consider these Key Factors to Develop a Sound Business Succession Plan

Nov 15, 2021

What will happen to your company when you retire? Business Succession is something that many business owners don’t consider until it is too late, making selling the company the only viable option. If you want to preserve the legacy of your company or if you have other invested parties to consider, a business succession plan is not just smart but imperative.

Is Your Business at Risk for a Payroll Tax Audit?

Nov 1, 2021

Business owners and managers spend hours filling out payroll tax paperwork for the federal government, but if it is not done properly, they can be held personally responsible. The IRS has policies for filing tax cases against owners and managers when income taxes are not withheld and promptly sent to the IRS.  An innocent oversight […]

Business Valuations in Boynton Beach

Oct 15, 2021

Wise investors know that they should conduct an independent analysis of the value of their business. Estimates must not be clouded by emotions, instead, financial professionals should perform objective analyses of relevant data so you receive an accurate and fair valuation. Relying on buyer opinions or marketplace estimates cut short your profits when growing a […]

Tips for Individuals Organizing Their Financial Records During the Tax Planning Process

Sep 10, 2021

Many individuals and small business owners consider tax time a stressful event. However, with the help of a qualified accounting and tax professional, you can achieve organized financial records and help minimize that. Organization = optimization! Below are a few examples of how to take advantage of the expertise of an outsourced accounting firm so […]