Qualifying for the Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) is a refundable credit established by the Cares Act of 2020 and the Consolidated Appropriations Act...
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Winning in Business by Being 1% Better Than Your Competition
The 1% Rule "The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams,...
Creating Effective Financial Forecasts for Small Businesses
Small businesses and start-up businesses do not usually get the most of their financial information. This is due to a variety of factors,...
10 Key Financial Metrics for Small Businesses
Small businesses owners and managers need to have a strong understanding of their financial performance in order to make operational...
Top 7 Strategies for Business Owners and Entrepreneurs to Combat Inflation
Rising inflation is affecting all segments of society in 2022, including business owners. From the cost of labor rising to the price of...
Ten Apps to Help Optimize Your Cash Flow
The ability to accurately forecast your future cash flow is vital for entrepreneurs and business managers to make sound decisions to move...
Operating Expenses vs Capital Expenditures: A Quick Primer to Get Started on Tax Savings
In this article, we will be discussing the differences between operating expenses and capital expenditures in order to help small...
Establishing a Financial Accounting Plan
Small business managers and owners make strategic decisions about allocating the business's financial resources and work time of key...
Health Care Industry Insights - Accounting Treatment of Malpractice Claims
The health care industry faces numerous specialized accounting dilemmas that require deep professional knowledge to unravel. One such...
Non-Refundable Personal Tax Credits
This article is meant to provide a summary resource for all applicable non-refundable personal credits available to taxpayers for the...
New Years Resolution #1 - Track Costs Per Job, Customer, Project, and/or Product
We are writing a series articles this January highlighting some relatively basic but very important accounting tactics that are often...
Top 7 Year-End Tax Savings Tips
Learn about these top seven year-end tax tips geared to maximize your tax refund or minimize the taxes due. If you decide to take...
Internal Audit for Small Businesses
One underutilized accounting function that small businesses usually have never heard of is the internal audit function. While this...
8 Money-Saving Tax Tips for Small Businesses
1) Ensure that you have all of your ducks in a row. If you need or might want to have a federal tax ID (EIN), make sure you acquire that....
Financial Reporting - Cash and Cash Equivalents
It is time for a little financial accounting 101 and a slight study into one of the most basic elements of the balance sheet - cash and...
Is Your Private Individual and Business Information Kept Confidential By Your Accountant?
Most people have a vague understanding that their medical provider is legally obligated to protect their private information based on the...
States Ranked by Income Tax Rates
Most individuals don't choose where to live and work based on the marginal tax rate of each state. However, for a high earner with a...
Travelling Professional Tax Issue - Maintaining a Tax Home
Many nurses, physical therapists, and other healthcare professionals decide to work for medical staffing agencies instead of hospitals or...
Non-Profit Revenue - Three Types of Contributions
Not for profit organizations, such as charities, churches, and universities, follow generally accepted accounting principles (GAAP) in...
Top Accounting Systems for Start-ups and Small to Mid-size Businesses
Accounting systems come in many forms for businesses in 2018. Some legacy companies are still using the big ledger book to keep track of...
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