If you don’t plan in advance, then the process can get very tedious and painful. Having the necessary documents and data pre-organized is necessary, or else you will experience a lot of trouble when calculating your taxes. What’s worse is that you may even end up...
New Year, New You: 5 Tips on How You Can Improve Your Accounting When the clock strikes 12 on December 31, 2019, we will all officially say goodbye to the decade. The decade has been monumental and has introduced new trends and methods that have revolutionized the...
Recovering a business after holidays is an arduous task. Every year, businesses all around the world spend a considerable amount to boost their sales during the holiday season. However, they face different challenges once the holiday season is over. The Halloween...
Why Cash Flow is Important Cash Flow is the money that’s flowing through your company; these are much known as Accounts Receivable and Accounts Payable. Accounts Receivable or Inflow Cash is when there is an increase of cash that came from transactions while Account...
The movement of money globally has grown significantly in recent years. The integration of banking services to the business operations and digitization of the financial world means that money floating around today is both tangible and intangible. Businesses take on...
Outsourced Accounting- This is the topic that many business owners and CEOs are researching. Carrying out necessary business functions such as recording accounting data and statistics is a time-consuming task that owners today have no time for. The time owners spend...
Proper tax preparation can make tax season a lot less complicated and help you file your federal tax return well before the tax deadline. We suggest preparing for tax season as early as possible and staying up-to-date with tax regulations, especially because they...
Accounting is the process of recording all business transactions, and accounting reports are a numerical representation of the performance of a business. Part of these accounting reports is the tax liability, and given the significance of taxation, avoiding recording...
Small businesses that are looking to make sales online are always keen to implement a strategy that integrates both their back-office systems with their E-Commerce online. Before we go about discussing the roles and responsibilities and ways to improve efficiency, it...
According to recent data, eCommerce activity represented 14.3 percent of total retail sales in 2018. This figure, representing about 1 in 7 transactions, has been rapidly increasing and will continue increasing into the foreseeable future. Unsurprisingly, many up and...
