New Tax Deadline on July 15

new tax deadline

The COVID-19 pandemic has hit businesses hard. To help them stay afloat, the federal government and the IRS pushed the tax filing and payment deadline to July 15, 2020. There’s Still Time! For many businesses, tax season is a last-minute dash to the finish—even with the new, later deadline. By this stage, many CPAs do […]

The Economic Impact on Small Businesses

economic impact on small businesses

What happens in the economy affects all businesses. Small businesses are often the most impacted by the economy, whether it is an upswing or a downswing. In a strong economy, small businesses see an increase in business that correlates to the amount of free income consumers are willing to spend on luxuries. In a weak […]

5 Ways a Virtual Bookkeeper Can Help Your Small Business

How Virtual Bookkeeper Can Help Your Small Business?

What is virtual bookkeeping? Virtual bookkeeping is a bookkeeping service that happens via a cloud-based accounting software, rather than in-person. Your bookkeeper will maintain your books and keep your financial data up to date, all from an off-site location. How can a virtual bookkeeper help my business? The benefits of a virtual bookkeeper are endless. […]

Roadmap to Recovery: Refining Cashflow Forecasting

Use your cashflow forecast to put your company in the best spot.

Cashflow forecasting is the next step on your business’ roadmap to recovery. Your cashflow forecast will help you determine how to move forward with your business. You can use your forecast make the best decisions for your company and its finances. What is Cashflow Forecasting? A cashflow forecast is a comprehensive financial model used to […]

Roadmap to Recovery: Maximizing PPP Loan Forgiveness

Learn how to maximize your loan forgiveness

The next step on your business’ roadmap to recovery is maximizing your Paycheck Protection Program loan forgiveness. These loans give business owners the power to maintain their company and keep their employees on the payroll, without worrying about paying the disbursement back in full. Paycheck Protection Program As part of the CARES Act approved by […]

Being Prepared for the Financial Impact of COVID-19

Prepare Your Business for the Financial Impact of COVID-19

For a small business owner faced with unstable times, it’s easy to be reactive instead of proactive. To get ahead of any financial turbulence brought on by COVID-19, all business owners need to be proactive about what they are doing for their business. Here are a few ways you can get your business ready. Learn […]

What is the Paycheck Protection Program?

undertanding the paycheck protection program

As part of the CARES Act passed by Congress on March 26, the federal government is implementing many programs to help businesses. One such program is the Paycheck Protection Program (PPP), meant to incentivize small business owners to keep employees on their payrolls. What is the Paycheck Protection Program? The Paycheck Protection Program is intended […]

What You Need to Prepare for Tax Season

Be Prepared fror Tax Season

Tax season can be stressful, especially when the stakes for small business owners are already so high. When tax season rolls around, you can trust your taxes to an experienced tax accountant. With some basic documents, your tax accountant can fill out your forms and maximize your return. Here are some of the things you […]

Hidden Truths About Bookkeeping

What you may not know about bookkeeping

What is bookkeeping? Bookkeeping is different from your day-to-day accounting operations. An accounting professional will give you a high-level interpretation of your financial data. In contrast, a bookkeeper is intimately acquainted with the financial dealings of your business. They can do everything from bank reconciliation to maintaining your general ledger. With a bookkeeper, your company […]

3 Reasons to Hire a Tax Accountant

Hire a tax accountant

Some business owners opt to take on their own tax forms every year. However, unless they have accounting experience, it probably takes a lot of time. With a tax accountant, they’ll save time and money on their tax filings. A tax accountant will track the company’s income and expenses. They can do this all year […]