financial statements

Smart Tax Moves For Entrepreneurs

On April 7th, 2016, posted in: Accounting by 0 Comment

The U.S. Small Business Administration estimates that entrepreneurs “collectively face an average tax rate of 19.8%.” That is not small change for a small business owner. It’s too late to change your business model to save money on your 2015 taxes, but you can implement changes that could reduce your effective tax obligation in 2016...

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The Three Most Common Budgeting Errors

On March 24th, 2016, posted in: Accounting by 0 Comment

Small business owners have so much on their plates that they sometimes don’t pay enough attention to their business’s bookkeeping. That can lead to a myriad of issues down the line. We work with many small to medium-sized businesses to help them put accounting controls and best practices in place and to provide accurate information..

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The Importance Of Internal Accounting Controls

On March 3rd, 2016, posted in: Accounting, Security, Training by 0 Comment

If you are a business owner with fewer than 100 employees you may be more vulnerable to internal theft than a larger organization. The reason for this is not as many small business owners have the internal accounting controls in place like larger organizations do. As a small business owner you need to put some..

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End Of Year Financial Strategies

On December 31st, 2015, posted in: Accounting, Marketing by 0 Comment

Before you know it, you will be flipping the calendar to 2016. Before that happens, though you still have one week to work toward reducing your tax liability and improving your company’s overall financial standing. At our virtual accounting office, we suggest the following, and can help you with these end of year financial strategies:..

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Choose A Business Micro Niche

On December 10th, 2015, posted in: Accounting, Marketing by 0 Comment

It’s been said more businesses are started during a down economy and while that may be true, many businesses that are started as a “whim” are those likely destined to failure. The reason is that you can’t simply create a business without having a focus and even a niche. (A two-year bankroll helps, too!) For..

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Juggling Bookkeeping And Entrepreneurship

On October 29th, 2015, posted in: Accounting, Marketing by 0 Comment

Entrepreneurs have so much on their plates that many of them don’t want to, or don’t have the time to, address their bookkeeping and accounting chores. As virtual accountants we know this is true. We also know that tracking income and expenses and maintaining proper records for tax and accounting purposes are crucial tasks that..

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How to Hire The Best Accountant For Your Business

On October 22nd, 2015, posted in: Accounting, Marketing by 0 Comment

As a virtual accountant I know there are many do-it-yourself accounting software programs that an entrepreneur can utilize. Remember though, just because you own a swimming pool doesn’t mean you know how to clean a swimming pool. This means that just because you own the software for your business accounting, doesn’t mean you know how..

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To Be Successful, Know Yourself

On October 15th, 2015, posted in: Accounting, Awards, Marketing by 0 Comment

If you want to be successful in business, regardless of the area of expertise in which you operate, you need to know yourself and embrace who you are. As a serial entrepreneur and now the owner of a virtual accounting business I learned long ago to embrace my uniqueness. What do I mean by that?..

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How Strong is Your Password?

On July 28th, 2015, posted in: BIZ-TIP, Security by 1 Comment

With access to private files and online access a major concern, the strength of your password could be critical. Some websites will actually tell you how strong your password is as you are entering it for the first time. It will encourage you to create a strong password that is not easy to replicate. If..

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Money Management Tips For Business Owners

On July 2nd, 2015, posted in: Accounting, Marketing by 0 Comment

What’s the most important part of being a business owner? Well, other than the satisfaction of a job well done? Getting paid! In our virtual accounting firm we work with our clients to help them put processes in place to assure they get paid for the goods and services they offer as well as mechanisms..

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