Posts Tagged: virtual CFO

[eWorkbook] Cash is King

Have you gotten your copy of my free eWorkbook “Smooth Business Sailing: 12 Tips to Sustain Your Cash Flow” yet? I created this workbook to help you take a strategic look at how your business is doing so you can determine the changes you need to make. The first two Tips begin by drawing your attention to the… Read more »

How Well Prepared are You to File Your 2017 Taxes?

If you’re like a lot of people, you stuff receipts, donation letters and other tax-related documents in boxes and plastic bags, then attempt to put your financial history in order to prepare for your tax return. This lack of organization and preparation can lead to costly oversights on your tax return, not to mention, it’s… Read more »

Is Your Company Prepared to File Forms W2 and 1099?

The deadline for filing IRS Forms W2 for your employees and 1099-MISC for non-employee compensation is January 31, 2018—but why wait until the last minute to scramble to complete these and put everyone in a panic? You’ll have plenty of other accounting issues to handle at the end of the year so now, as we head into fourth quarter,… Read more »

Planning for Profitability in 2017 – Yes, There’s Still Time!

Although the fourth quarter is upon us, business owners still have time to make their  2017 plan and adjust for year-to-date fluctuations that may affect profit. With a few measures in place and an understanding of the various components of your corporate finances, you can indeed plan for profits this year. 1. What are your… Read more »

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

by Mark Van Grouw, CPA 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… 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 »

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 »

Are Bad Habits Leaving You Stuck in a Rut?

By Mark Van Grouw, CPA Over Labor Day weekend, I was reading to my kids the book “The Berenstain Bears and the Bad Habit”. Mama Bear’s advice to Sister Bear as they walked down the old garden path struck me. Habits, while they may not be intentional, can have negative consequences. Mama Bear was so… 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 »