SME Accounting Red Flags: How to Spot Fraud
Financial fraud poses a significant threat to businesses, including tiny enterprises that may lack robust internal controls. A study by Florida Atlantic University revealed that 42% of frauds in small…
Role of Accountants in M&A Deals
Research from HBS indicates that between 70% and 90% of M&A deals fail to meet expectations. This high failure rate underscores the complexities of M&A processes and highlights the critical…
Common Scams Targeting SMEs (And How to Avoid Them)
Small businesses form the backbone of our economy, yet they are increasingly vulnerable to fraudulent schemes. In 2024, consumers reported losing over $12.5 billion, marking the highest-ever loss reported to…
How to Handle Accounting for Subscription-Based Businesses
Subscription models are revolutionizing how companies generate revenue. Accurate and transparent accounting is crucial whether you’re a SaaS provider or a brick‐and‐mortar business transitioning to recurring revenue. According to the…
How to Prepare for IRS Audit Without Stress
Facing an IRS audit can be a daunting prospect for SMEs. However, understanding the audit process and implementing proactive measures can significantly reduce anxiety and ensure compliance. Notably, while the…
What to Do When Your Business Runs Into a Cash Flow Problem
Cash flow problems are among SMEs’ most common and critical challenges today. Whether you’re a startup or an established business, managing your cash flow efficiently is essential to survival and…
Budgeting Hacks for SMEs: Where to Cut and Where to Invest
SMEs are the engine of our economy. Consider this: the U.S. Bureau of Labor Statistics reports that from 2013 to 2023, SMEs generated 55% of net job creation. Budgeting hacks…