Our Latest Insights & News

As a business owner, unless your business is accounting, bookkeeping is normally the last item on your to-do list. But is ignoring your company’s finances wreaking havoc on your business? According to an Entrepreneur Magazine article, “Entrepreneurs who hire accounting help usually discover they weren’t doing nearly as well on their own as they thought they were.” Here are some reasons why smart business owners hire experienced bookkeepers to manage the back end of their companies... Read more

Ever wonder why some small businesses pay fewer taxes than others? It all comes down to business expenses, deductions, tax credits, and proper documentation. Here are some essential tax-saving strategies to ensure you're only paying what you NEED to:

Tip #1: Keep Detailed Records of ALL Expenses

Read more

Business Owners…As we are nearing the close of this tax season, make sure you are taking advantage of every opportunity to cut your tax bill. Business owners can deduct business expenses from the amount of income they earn throughout the year. For an expense to qualify as a “business expense” it must be directly related to the business and it must be necessary for that business. Some of these business expenses may include the following: - Business Use of a Home Office includin... Read more

Corporate budgets, as well as household ones, are arguably one of the most important tools you can use. Creating a budget for your business will provide a guideline for expected income and expenses and enable you to compare your anticipated financial goals with the actual numbers. In essence, it will serve as a barometer for how your business is performing.” (Entrepreneur Magazine, 2009) Small businesses should go through an annual budget preparation/modification session to ensure that th... Read more