Entrepreneurs are often on a strict budget and spend a lot of time learning how to do tasks themselves. But before you take on your own business accounting, consider these ways that a real accountant can help your small startup save money and avoid financial problems before you even open your business doors. Setting up a Business Structure. There are many types of business structures (such as an LLC or a sole proprietorship), accounting years, and methods. [Read More]
Three Professional Services Your Small Business Needs
Most new small business owners work hard to take care of every aspect of their business. It's their baby, and they want and need to be in control, so they can be sure everything is covered, and they are steering the entity in the right direction. This is their dream, and failure is not an option. This isn't uncommon in budding entrepreneurs, especially in the startup stages. It helps them know their business inside and out. [Read More]
Is It Time For Your Business To Conduct A Third-Party Audit?
Audits aren't just done by the IRS. Occasionally, a business may request a third-party audit on itself. An audit is a way for a business to make sure that its books are accurate, in addition to discovering any critical issues such as fraud. Here are some of the reasons you might want to contact a certified public accounting firm to conduct an audit on your own business. Make Sure Your Internal Controls Are Accurate [Read More]
4 Ways To Improve The Accuracy Of — And Reduce Risk In — Your Payroll Records
As a small employer, you face additional legal requirements and agency oversight that non-employers don't. This calls for additional diligence to ensure the accuracy of your payroll and its records. To help you be confident that you can meet the challenge, here are 4 things to verify in your employee records. Classification. It may surprise new employers that there are rules about who can be classified as an employee and who should be classified as an independent contractor. [Read More]