Detailed accounting and tax preparation are essential to managing a construction business. These services can help you save, increase your profits, and be more efficient. However, trying to maintain these tasks can be a burden on you and your employees’ time and energy. Outsourcing these services can help you build a solid financial […]
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Who keeps track of all of the numbers in your organization? Is the work split between multiple people? Do you have to squeeze time into your schedule to record sales and process payroll each week between filling orders? Accurately recording your financial information and keeping track of paperwork deserve more detailed attention than many small
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As a business owner, expenses can add up. From ads to employee salaries and storefront improvements, companies are always in need of finding ways to save anywhere they can. On the surface, it might seem that an excellent way to save money would be to take on every task on your own. Contracting out services
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As a business owner, there is a good chance you wear many hats. Customer service, front of house, inventory fulfillment, payroll, human resources, manager, and marketer are likely just some of the many roles you play. As your business grows, the more involved each of these job titles becomes. The more employees you
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Running your own business is a gratifying endeavor, but it also comes with many responsibilities. Having the ability to multi-task is critical because your staff needs to wear many hats. From sales and product management to marketing, there is a lot to keep track of at all times. As a result, many businesses look to
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Does your business need help staying organized, but you don’t know where to start? Bookkeeping is an essential component of any successful business. But what is bookkeeping exactly? It may seem like a broad term, but we’ve put together a helpful list to outline some of the basic elements of bookkeeping. Debits and Credits One
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COVID-19 has spread across the world and closed down businesses everywhere. There have been changes to the world in ways that we never could have imagined. It will have a major impact on the way businesses and individuals handle money. Consumer Spending Spending is low in most industries because of lockdowns and limited locations being
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Companies contract 1099 vendors to complete services for them. It is typically for work they want to outsource to professionals in that specific field. For example, a company may outsource its books to a company that specializes in bookkeeping. Another example is when a company hires a freelancer to create a logo and redesign
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Double-entry bookkeeping is one of the most difficult areas of bookkeeping to understand. Are you just starting with this concept? Keep reading to learn the basics. What is Double-Entry Bookkeeping? It is an accounting system where every transaction is recorded in two accounts: a debit to one account and a
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Now that tax season is officially over, it is time to prepare for next year. To have an efficient tax filing in 2022, you must stay organized year-round. Check out the info below for professional advice about tax preparation for the 2022 Tax Season. Benefits of Tax Planning Tax planning is
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Effective January 1st, the Corporate Transparency Act is bipartisan legislation designed to root out bad actors using US entities to hide illicit activities. The law requires millions of US business entities to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Existing companies have until December 31st, 2024 to file their information.