Why You Should Outsource Your Payroll

By |2020-09-07T07:15:19-05:00March 28th, 2019|Categories: Accounting, Business|

Any business owner knows that being efficient is very important to the success of the business. Saving time on things that can be done by someone else is a crucial component of efficiency. By outsourcing payroll, companies can spare the time and headache of finishing it and making sure to pay their employees on time. When [...]

Internal Control for Small Businesses

By |2019-01-10T09:26:03-06:00January 10th, 2019|Categories: Accounting, Business|

As a business owner, how much confidence do you have on your financial reports’ numbers? Does the net income represent a successful business operation? Alternatively, does the net loss indeed expose all the weaknesses of your business? Are you sure the amount of inventory sitting in your warehouse is the number showing in the balance sheet? [...]

Estimates vs. Actuals: Was Your 2018 Budget Reasonable?

By |2018-11-26T15:56:38-06:00November 21st, 2018|Categories: Accounting|

As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by comparing its estimates to actual results. Your objective is to determine whether your budget was reasonable, [...]

Tax Reform Expands Availability of Cash Accounting

By |2018-11-19T14:23:49-06:00November 19th, 2018|Categories: Accounting, Tax|

Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and if so, consider switching [...]

I Can’t Afford to Hire a CPA Firm. Now What?

By |2018-12-12T08:25:19-06:00November 8th, 2018|Categories: Accounting, Business|

When starting a new business, so many new business owners express that they have limited funds and limited time when it comes to their bookkeeping, HR, and payroll tasks. Business owners and Entrepreneurs wear so many different hats: marketing, producing, selling, and managing. You’re already at 12 hour days and then you have to find time [...]

Taking the Hybrid Approach to Cloud Computing

By |2018-11-12T10:43:27-06:00November 7th, 2018|Categories: Accounting|

For several years now, cloud computing has been touted as the perfect way for companies large and small to meet their software and data storage needs. But, when it comes to choosing and deploying a solution, one size doesn’t fit all. Many businesses have found it difficult to fully commit to the cloud for a variety [...]

Why Your Business Needs an Internal Audit

By |2020-12-30T07:17:29-06:00August 23rd, 2018|Categories: Accounting, Audit, Business, Consulting, Government & Policy|Tags: , , , , , , , , |

When talking about internal audit, the first thing people think of is a Fortune 500 public corporation having a specific department within the company that periodically perform audits for everything departments do to ensure that the underline operations comply with industry standards government regulation. An internal audit is not something only larger companies need. What is [...]

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