Posts Categorized: General info

Don’t Be Taxed with Not Paying Taxes

Common to many business owners is the concern of paying too much in taxes at year’s end. Consequently, such business owners seek to minimize reportable income in an effort to avoid paying taxes to the federal and state governments. Minimizing your tax liabilities is certainly a commendable practice; however, one should not neglect to notice… Read more »

Bookkeeping vs. Accounting: What’s the Difference?

Aristotle once quoted, “The whole is greater than the sum of its parts”. This quote speaks of synergy, the interaction or cooperation of two or more parties that produce a combined effect greater than the sum of their individual effects. In context of small business accounting, this saying holds true. Small business owners often find… Read more »

What can QuickBooks do for my business?

Jack be nimble, Jack be…QuickBooks? Undoubtedly, QuickBooks is the most widely used accounting software among small businesses, but are you maximizing its potential? As an acclaimed small business accounting software, QuickBooks has tremendous functionality and features which can help business owners effectively and efficiently manage their business. QuickBooks is available in both desktop and online… Read more »

The More I Know the More I Realize What I Don’t Know

Determining the precise accounting needs of your business is easier said than done, especially when you are unclear as to what would benefit your company. Do you need a bookkeeper, an accountant, a Controller, a CFO? Should you hire full-time, part-time, or on an as-needed basis? Sorting through what each position offers may help you… Read more »

Is Your Business Leaving You Puzzled?

Have you ever challenged yourself to complete a 1000-piece jigsaw puzzle? If you have, you can relate to opening the box for the first time and taking in the jumbled mess of puzzle pieces. Pieces are upside down, right side up – intermingled in one heap of confusion. Where do you even begin? Spurred on… Read more »

Business Benefits of a Virtual CFO

As the chief cook and bottle washer of your company, it’s often hard to get away from the day-to-day details long enough to focus on the company’s long-term prospects. That’s where a virtual CFO comes in. There’s no shame in getting seasoned assistance. In fact, it’s a very smart business move. Even the most experienced… Read more »

What is a CFO?

An organization is like a ship—the chief executive officer (CEO) is the captain and steers the company towards its goals; while the chief financial officer (CFO) is the rudder who works with the CEO to ensure that the company is financially sound in order to meet its business goals. In essence, the CFO holds the… Read more »