Financial Planning Insights

Times have become uncertain in almost every industry. This has required employers to make difficult decisions. Working from home has allowed some employers to continue to do business as usual but this is not possible in every type of business. Two options for cutting back on staff are furlough and layoff. Both of them have implications for the..

Having a small business means you are often too busy to think about your next tax return. However, it is imperative that you work all year round to be prepared when tax time comes and ensure your business accounting is updated and accurate. Otherwise, you will find yourself scrambling to figure out all of your expenses and may end up paying more..

Remote and traveling employees have long been a choice for many companies. However, at present, many many more companies are electing to move their operations completely online. For businesses that have recently made these decisions, or are currently in the process of making them, a lot of questions can arise. One in particular is tax..

Owning a small business has its rewards but the details can become time-consuming and cumbersome. Understanding all of the rules of financial reporting is a daunting task that can be costly if mistakes are made. However, the good news is that using best practices to record your financial accounting can help you grow and improve your business...

In government vs nonprofit accounting there are three main differences. Those differences are in accounting standards, accounting statements, and reports.

Is cryptocurrency a viable payment or investment opportunity for your small business? What exactly is cryptocurrency? Simply put, it is an online digital currency, protected by strong cryptography, without a central authority or regulator. The key innovation that makes this possible is blockchain technology. Blockchain is a public ledger..

Owning a small business can be very time-consuming and stressful. Keeping your financial records in order is vital to the success of your business. Here are a few small business bookkeeping tips to save you from getting overwhelmed by the day-to-day tasks that can help you to succeed.

What are Overhead Costs?

Overhead costs are the expenses associated..

If you start to notice a trend where your overhead costs are starting to take bigger and bigger portions of your revenue, it might be time to re-evaluate your spending habits. So, how do you start? The best first step to take is to review everything. Reviewing your most current list of overhead costs and selecting items that are no longer..

When you are a small business owner, you have a variety of information to consider. When you can get your business accounting strategies in order in the beginning stages of your business, you will be able to successfully keep track of the tons of paperwork that you will see going in and out of your office.