accounting Archives

Pen and calculator with tax documents in an image by Image by vecstock on Freepik

An Expert Guide to the Best Tax Preparation Resources for Startups

In our quest to streamline tax season for startups, we've gathered insights from business owners and founders, among other experts, to bring you a comprehensive guide to the best tax preparation resources for startups. From...

byBrett Farmiloe

March 13, 2024

When It’s Worth the Money to Go for Custom Accounting Software

Regardless of the industry and size, all businesses have one thing in common: the need for accounting software. Understanding where you stand in terms of profitability is instrumental to achieving growth and improving bottom lines....

byAndrey Koptelov

December 8, 2023

8 Great Ways Tax Filing Benefits Your Business

Yes, you read the title right. Filing your tax return could potentially contribute something better to your business – and it’s the financial kind of betterment. Lest we think that only a certain group of...

bySharita Humphrey

June 9, 2022

5 Signs It’s Time to Find a New Accountant

As a business owner, you likely want to do whatever you can to keep your company’s finances in check. This is why it’s imperative to work with an accountant that you can trust and count...

byNathan Liao

May 24, 2022

Keeping Books for a Small Business … Without Spreadsheets

From side hustle to freelance to startup, keeping track of money just can’t be ignored. This is called bookkeeping, and it helps you know how much money you’re earning, where your business is spending and...

byGarrett Baird

March 10, 2022

Stop Doing These 4 Things if You Want Your Business to Last

We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. After fielding literally thousands of questions from...

byGerri Detweiler

February 4, 2022

An SOC 2 Audit: Why Your Business Should Get One

Information security is more important than ever, and part of that includes conducting SOC 2 audits. SOC 2 stands for System and Organization Control 2 report. Simply put, an SOC 2 report is designed to...

byRob Pierce

November 16, 2021

The Top 5 Accounting Mistakes Startups Make

Our team has worked with hundreds of startups, and year after year we inevitably come across the same common issues around financial reporting. There are remedies for these accounting mistakes, but it’s crucial to flag...

by Jayneberinger64

November 4, 2021

7 Tips Every Startup Should Follow to Maintain Financial Health

Nothing spells disaster for a startup like poor financial health. Whatever the industry, however great the idea, if the numbers just don’t add up, there will be little recourse to get things back on track....

byGiuseppe Salamone

April 18, 2021

How President Biden’s Tax Reform Could Impact Your Small Business

Information about tax changes the Biden administration is considering have recently leaked, creating some big headlines in media. “First major tax hike since 1993,” according to Bloomberg. As a fractional CFO, my first reaction to any...

byLJ Suzuki

March 28, 2021

Grant Program Announced for Black Women-Owned Businesses in Detroit (and How to Maximize Your Chances of Securing Relief)

Small businesses make up an astounding 99.6% of Michigan businesses and 49% of the state’s employees—that’s 1.9 million people. Since the onset of the pandemic, these businesses have been forced to endure a tumultuous journey...

byGiuseppe Salamone

March 13, 2021

5 Ways to Make Budgeting and Strategic Borrowing Easier

Over the nearly 40 years I’ve either owned or otherwise worked in a small business, I’ve observed that even businesses that might not be considered “seasonal” in the traditional sense ebb and flow over the...

byNav

September 22, 2020

In a Financial Rut? Here’s How 3 Creative Business Owners Mastered Money

Do you dislike dealing with the financial side of running your business? You’re not alone. Many entrepreneurs go into business to do something they are good at, or to fill a creative void. Spending time...

byGerri Detweiler

September 16, 2020

WJR Business Beat with Jeff Sloan: Entrepreneurs and Small Businesses Must Go Digital (Episode 111)

On this morning's Business Beat, Jeff discusses how the pandemic has caused more businesses to embrace digital payments, making the process of managing a company's cash much more efficient. According to a recent Mastercard study,...

byStartupNation

September 2, 2020

4 Common New Business Money Mistakes (and How to Avoid Making Them)

Every new business is different and each has its unique sets of challenges. Starting, building and managing a business is not easy; and while not all mistakes are fatal, some have a profound impact on...

byAnthony Quinones

June 14, 2020

7 Steps to Get Your Business Lender Ready

For years, I’ve been encouraging business owners to line up financing before they need it. Whether it’s a crisis or opportunity, you want to be prepared so you can respond quickly—and that crisis is now...

byGerri Detweiler

June 9, 2020

5 Ways to Measure the Financial Health of Your New Business

The slow build-up of debt can contribute to the eventual collapse of a business, and small businesses are struggling now more than ever. Over time, your company may show signs of trouble, eventually moving into...

byJohn Baird

June 2, 2020

What Lenders Want to Know About Your Business Right Now

Whether you’re talking to an SBA lender or any other lender, they all are trying to get the answer to basically three questions. They might not all ask the questions in the same way, but...

byNav

May 26, 2020

As Subscription Services Grow, Chargebacks Follow: How to Protect Your Business

As an online merchant, you’re constantly looking for new opportunities to generate sales and revenue with minimal upfront investment. To that end, dipping into the subscription market could prove to be an incredibly lucrative strategy....

byMonica Eaton-Cardone

March 11, 2020

Dodge These 5 Common Tax Mistakes Entrepreneurs Make

Starting and running a business requires precise attention to detail—especially when it comes time to file your business taxes. Whether you head a startup with a few employees or you’re an independent contractor, taxes are...

byEric Goldschein

March 10, 2020