How to find a good accountant for your business
Finding a good accountant for your business is crucial for a variety of reasons. Not only is a good accountant needed to help you maintain accurate financial records and comply with tax regulations, they can also help you make informed financial decisions for your company. The right accountant can provide valuable insights, help you maximize […]
Top 3 Reasons Your Small Business Should Hire a CPA Firm
Tax laws are complicated, and the tax code is constantly changing. Suffice to say, small business owners can benefit greatly from working with a professional. Hiring an accountant is good, but working with a full-service CPA firm is a lot better. Below are just a few of the reasons you should hire one. They can […]
Can I amend my own tax return?
If you’ve learned that one or more of your prior tax returns contains errors, you’ll likely need to file an amended tax return. An amended tax return is something you’ll file with the IRS, and once filed, the amended return will fix prior errors. If you (or your accountant) make another mistake on your amended […]
What is an amended tax return?
Filing a tax return can be tricky, especially if you’re trying to prepare the form yourself. Filing your own taxes can be especially difficult if you’re a small business owner, you’re claiming lots of deductions, or you’re trying to account for certain carryover deductions, such as losses, charitable contributions, or various types of tax credits. […]
Signs your small business needs a CPA
Small business owners wear a lot of hats, such as head marketer, sales lead, and inventory manager, among others. Depending on how long you’ve owned your business (and depending on how large your organization is), you may also be serving as your in-house accountant. Accounting duties can take a lot of time, and as the […]
Tips to Get Your Finances in Order
If you don’t feel as if you have a firm grip on your spending, you’re not alone. Studies have shown that up to 25% of adult consumers are “sometimes surprised” by their monthly expenses. Regardless as to whether you’re trying to save money for a down payment on a home or you’d like to set […]
What is Expense Fraud?
In 2018, the Association of Certified Fraud Examiners found that expense reimbursement fraud accounted for 21% of fraud in small to mid-sized businesses. A second study, commissioned by ACFE Global Fraud, found that 5% of a company’s annual revenue is lost to fraud. Consequently, if you own a small business and your employees have expense […]