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For businesses with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day. Starting with a clean slate gives us a chance to reflect on our 2012 results before we enter 2013 and experience the hope that comes...
Read MoreWhen you think of an accountant’s duties, you might think about traditional tasks, such as tax preparation, bookkeeping, and financial statement preparation. Here are five additional tasks that accountants can help with that you might not think of. 1. Evaluating Current Accounting Employees How can you know if your accounting employee is...
Read MoreYear-end is coming up for many businesses, and it’d be nice to know what your final revenue and profit numbers will be for the year. Before we can calculate these key numbers, there are year-end adjustments that may need to be made to your books that will change the numbers....
Read MoreWe know we’ll never make tax season your favorite time of year, but perhaps we can make it easier. Here are five things you can do now to smooth out the time required to pull your records together for your tax preparer. 1. Contractor Clean-up In preparation for 1099s, take a...
Read MoreIn a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, there are even more hats. Although the accounting function might be considered one big hat, there are...
Read MoreRunning a business is filled with regulations everywhere you turn. These can drain precious time away from the core of your business, but if you ignore them, there could be huge financial consequences you may be risking without even realizing it. The best way to handle them is to understand...
Read MoreAccording to the Association of Certified Fraud Examiners (ACFE), over $3.5 trillion is projected to be lost to fraud worldwide in 2011 alone. The typical organization loses 5 percent of its revenues each year. While we have a lot to think about as entrepreneurs, we do need to take time...
Read MoreIf you have an endless to-do list, you’re not alone these days. Most of us are constantly looking for ways to work smarter and get more done. Here are six quick tips to help your productivity so you can go home early. 1. Group tasks. If you have lots of...
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