How to Prepare for An Audit

If you’re a small business, you may not be prepared for the possibility of an audit by the IRS. And while it’s true that the

As a small business, you are probably keeping a dutiful eye on your accounts payable, which is smart. No one wants the expenses and penalties

While it may be fairly evident from a profitability standpoint that businesses need to manage their accounts receivable carefully and in a timely manner, it’s

Every small business has an accounting function. It’s the way you pay your bills and invoices your clients, and your accounting books will tell you

Founding a startup business is both exciting and scary at the same time. Think of it as a rollercoaster: it’s exhilarating and challenging, but it

Accounting procedures are complex, and tax laws change frequently. It can be difficult for one individual to keep up with everything. Outsourcing your company’s accounting

One significant challenge that small business owners experience is the ability to separate their personal and business assets. The mix-up leads to business instability and

Whether you are a new or growing business, you cannot ignore the value of effective in-house accounting practices. Having an in-house accounting system available ensures

The in-house accounting practices that you use should make it possible to run your small business efficiently. Companies sometimes adopt inefficient practices that cause them