From preparing financial reports for shareholders to analyzing past data for improving future financial efficiency, accounting services can be a useful tool in many scenarios. Accounting and tax services for small businesses can also alleviate much of the stress that comes with entrepreneurship. Even an individual (especially high-net-worth individuals) can utilize accounting services for preparing tax returns and reducing tax liability.
When looking at borrowing money, there are many types of debt to consider. Debt can be broken into two categories: good debt and bad debt (also known as productive and unproductive debt). Read on if you're interested in finding out how certain kinds of debt can help you in the long run.
If the workload associated with basic business bookkeeping compromises your ability to focus on the rest of the business’s needs, it’s a recipe for being overwhelmed (if not worse). Instead of spending so much time figuring out the ins and outs of bookkeeping, and risking costly mistakes, it may be time to consider hiring a professional bookkeeper.
You made an investment, and it’s treated you well. What happens next? Well, you have the IRS to deal with, mainly. Read on for an overview of the tax implications of major crypto gains, tips for minimizing the tax hit, and the unique opportunities presented by Qualified Opportunity Zones (or QOZs).
Making the transition from doing the books internally to paying for bookkeeper services for small businesses can be an intimidating process, especially if you’re not sure how much money to dedicate to this function. Hiring a bookkeeper can free up valuable time and let senior employees focus on executive tasks and higher-level planning. We’re taking a look at how much bookkeeping costs and what to expect when outsourcing the financial records.
Accounting services and functions are what keep a business on track. After all, the point of a business is to generate revenue, so that means someone needs to be keeping an eye on the money that is going in and out of the accounts. But that’s really just the most basic accounting services example. Accountants serve as trusted financial advisors who have the perspective and education to give business leadership advice about big decisions.