Accounting Jargon to English: 10 Terms Small Business Owners Should Know

Maybe you?ve had a lifelong interest in making jewelry and decided to turn your passion project into a profession. Maybe you?ve been working for the same real estate company for ten years and decided to go off on your own. You?ve been busy advertising, building a client base, and offering high quality service-but in addition to those things you’re up …

How to Find the Best Accountant for Your Upcoming Fiscal Year

Accountants don’t always actively advertise themselves. Instead, they rely on personal referrals and other forms of networking to reach new clients. Because of this, you may not have even heard the names of some of the best accountants in your area, some of whom may be taking on new clients for this upcoming fiscal year. Instead of sticking with a …

Should Your Small Business Adopt Cloud Accounting?

The cloud, which is really just online storage, is a means of sharing computer processing resources with other devices also online. For small business owners, the cloud represents a real step forward in terms of what is accessible for their business. Instead of needing to purchase multiple copies of expensive software for each computer used by the business, the company …

Preparing for Next Tax Season: Why It Pays to Be Proactive

In a lot of ways, finishing paperwork for the taxes over the last year can be a huge relief for business owners. You (or someone on your staff) will have gone through the receipts for business expenses, ensured that all records are organized and stored, and double-checked all the figures before sending the documents to your state and the IRS. …

10 Benefits of Outsourcing Your Small Business Bookkeeping

One of the true benefits of expanded access to the Internet and the interactions that access provides is the ability to more closely and easily connect with companies and services to help your business prosper and grow. Especially true in struggling economic conditions, businesses need to consider every avenue when outsourcing or making structural changes within an organization. While it’s …

The Benefits of Outsourcing Your Bookkeeping and Accounting

All businesses, regardless of the size, do bookkeeping and accounting to manage their revenue and expenses. Some companies hire a whole department of CPAs to manage this, while others can get by with only one employee dedicating a portion of their time to it. But there?s another option, with some great benefits: outsourcing your bookkeeping and accounting. Save money. Employees …

Starting Your First Business? Here’s What You Can Write Off

Tax time has accountants and bookkeepers all across the country racing to meet the filing deadline, which brings up many pertinent questions: Where did I leave those receipts? We spent how much on that? What exactly can we write off this year? If you’re just getting started on your first business or plan to create one this year, it can …