2020

  • 4 Ways A Financial Consulting Service Can Assist You

    As you age, your finances start to become more and more complex. If you feel like your finances have gotten to the point where you need a little assistance, you should set-up an appointment with a financial consulting service. A financial consulting service can help you figure out how to manage and grow your money in a smart manner. Way #1: College Savings If you have children, you are going to want to plan not just for their present, but for their future as well. [Read More]

  • 3 Ways A CFO Advisory Service Can Help Your Small Business Grow

    Many small businesses are driven by great ideas and concepts. However, many small businesses need someone on their staff who can help them make smart, data-driven financial decisions that will help their small business succeed. When it comes to running a small business, paying for a CFO advisory service is a great way to ensure the long-term financial success of your business. Way #1: Cash Management As a small business, it is vitally important for you to manage your cash flow correctly. [Read More]

  • 5 Reasons Every Small Business Should Request An Audit

    When most people think about the idea of an audit, they do so in negative terms. After all, no one wants to have someone looking over their shoulders—or worse, intentionally looking for errors or fraud. But, in reality, an audit is a good thing for your company to request on its own. Here are a few of the benefits your business gets from ordering an audit of its finances. 1. You Learn About Potential Problems [Read More]

  • 4 Steps For Creating An Estate Plan

    When it comes to protecting yourself and your family, one of the best ways you can do so is by having an estate plan in place. Everyone should have an estate plan in place, regardless of your financial position. Step #1: Create a Will First, you need to create a will. A will is the type of estate plan that most people are familiar with. A will is where you state who you want to get all your belongings when you pass away. [Read More]

  • 5 Reasons To Amend A Tax Return

    When you try to handle your own tax affairs and filing, it's easy to make mistakes because you're not an accountant or tax professional. If you think that you might have made a big mistake on your previous year's taxes, it's a good idea to consider making an amendment. You can amend a tax return within 3 years of the original filing date. It's best to hire a certified public accountant to help guide you through the process. [Read More]

  • 4 Financial Mistakes Your Business Needs To Avoid

    When you are running a business, you are responsible for more than the product or service your business creates; you are also responsible for taking care of the financial side of your business. That means making sure the financial side of your business runs smoothly and doesn't encounter any avoidable mistakes that could cost you money or sideline the operations of your business. Mistake to Avoid #1: Improper Payroll Reporting [Read More]

  • The Basics Of IRS Audits

    Tax season is almost always stressful and anxiety-inducing for most taxpayers. Not only are there so many forms to fill out, but there's always the risk of an audit once you've filed. However, there are a lot of misconceptions out there surrounding IRS audits that often leave taxpayers paralyzed in fear at the mere mention of an audit. Here are some things that you should know as you get ready to file your taxes for this year. [Read More]

  • Small Business Tax Preparation Checklist

    Tax season can very stressful for individuals and businesses alike. As a small business owner, you want to make sure that you take the right steps to prepare so that you're ready for tax day. Getting ahead of your business tax needs can help you reduce stress, upset, and mistakes. Keep reading to see a small business tax preparation checklist. Know Which Tax Forms You Need to File When it comes to business taxes, it's a bit more complex than individual taxes. [Read More]

  • 4 Things To Know About Preparing Your Taxes During The COVID-19 Crisis

    Right now, the United States is experiencing a national emergency that has impacted the tax process. It is important to stay on top of tax changes as they impact you. Here are a few things you need to know about filing your 2019 taxes during the COVID-19 crisis. Thing #1: Tax Filing Deadline Has Been Extended The normal tax deadline of April 15th has been extended all the way to July 15th. [Read More]

  • Understanding The 4 Basics Functions Of Accounting

    Certified public accountants are professionals who provide advice on a wide range of topics. Whether you run a business or are dealing with personal finances, a CPA is a great resource to turn to. It's important as you work with a CPA, though, to understand the job in terms of its four basic components. Take a look at each one so you can get more out of your relationship with your CPA. [Read More]