Establishment of a business can be daunting. All of your hopes and dreams plus finances are on the line and success is the only option. There are a lot of things to consider- taxes, employees, rent, inventory, insurance, benefits and yes, and everyone wants to get paid. Whether you are just starting out, your business [...]
Accounting software is used by accountants to enter many complex financial transactions into the financial books of account and is almost invariably based upon double entry bookkeeping principles. A major advantage to those companies and the finance staff is the extent to which financial information contained in the database can be queried for financial control [...]
There’s no doubt about it – operating a small business can be stressful. This may be troubling since so many entrepreneurs start their businesses to get away from the stress of working for someone else. Because of this, you may not be prepared for the stress, and that just makes it worse.
Why is it so [...]
Small non-profit organizations are very vulnerable to fraud.When I say small, I mean small: organizations that raise less than $100,000 per year and have only one paid staff person or no paid staff persons. I’m talking about neighborhood associations, sports and recreation leagues and all manner of civic, political and religious groups.
These small organizations are [...]
More often than not, small businesses fail mainly due to lack of proper planning. CPAs are considered to be one of the most invaluable means of increasing the productivity of small businesses. Their expertise helps as business advice for small businesses, finding solutions to specific problems and also in developing industry expertise by assessing proper [...]