Tax preparation is one of the most demanding and stressful tasks which the business owners have to face during the busy fiscal year. As per a report by YouGov, Americans who use tax preparation software for filing their taxes account for more than 22%, along with being the ones who [...]

Being a business owner, I am sure you cross-verify everything to ensure the number of efforts and the capital you’ve put in your business doesn’t run in circles. Similarly, performing account reconciliation to maintain positive cash flow and keep your business financially healthy is inevitable. But do you know, what does bank and credit card reconciliation means? To put across, [...]

No entrepreneur ever said that they love filing taxes! Tax season is almost a nightmare for many firms, especially for small business owners as they are new in the market, unaware of the rules and penalties they may come across. However, small businesses can make this process seamless if they [...]

There are many accounting software programs available in the market nowadays to ease the lives of accountants and CPAs. These accounting software programs automate the entire bookkeeping and accounting process and keep the company’s financial records accurate that eventually boosts the overall productivity of the business. However, the real challenge begins when [...]

Many small business owners are intimidated with their bookkeeping aspects and usually prefer to neglect it or try to hide from it. But what happens next? You lose sight over your financial performance leading your business towards insolvency. Don’t forget, running a small business is challenging as it evolves with a high [...]

Many small businesses, startups, and entrepreneurs find it difficult to hire someone with the right skills and prepare the company’s financial statement, manage bank account operations, analyze financial data, and prepare outgoing invoices. Nowadays, finding the right employee at affordable prices has become more challenging. Even though it is commonly [...]

How has operating your small business been like for you? During the initial phase, you start small, look for steady ground, and then grow your business further. The initial stage also referred to as the development phase, comes with a lot of lessons to learn from. This is the time [...]

A lot of people state they perform best under pressure and decide to waste time on crucial tasks such as tax return preparation. There are also those who basically fail to remember to file by the due date – or perhaps intentionally refrain from doing it. Everybody tends to make [...]

The 2016 has come to an end. There will be various businessmen or professionals who have faced problems while filing their tax returns this year. This is the time to understand what works and what creates confusion while preparing tax returns. Planning well in advance will help in avoiding the tax [...]

Outsourcing is advisable for a complicated profile, for instance, finance and accounting. It is necessary for companies to be aware that finance is among the most crucial sectors for almost any business. To boost financial transparency it is essential to outsource these kinds of tasks to an exceptionally skilled company [...]