Don’t let your business overlook major tax credits this year

Posted on October 19, 2012 by wordpress Comments Off

Businesses need to make money, and one of the ways to do this is to safeguard against spending too much; this includes taxes. Not only are there gads of state and federal tax credits out there for small and medium-size businesses, scores of them go untapped by many eligible entities.

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Accounts receivable financing may be the answer for cash-strapped businesses

Posted on September 7, 2012 by Stacia Argoudelis Comments Off

Are your company’s invoices being paid slowly? Or are you involved in a large government contract and expecting payment will come at the end of a project, not in the midst of it? All businesses – regardless of size – need a steady stream of revenue to keeps themselves and their employees (via payroll) afloat. Accounts receivable factoring and financing might be the solution to cash-flow shortages facing many small businesses.

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Don’t let your business overlook major tax credits this year

Posted on August 9, 2012 by Stacia Argoudelis Comments Off

Businesses need to make money, and one of the ways to do this is to safeguard against spending too much; this includes taxes. Not only are there gads of state and federal tax credits out there for small and medium-size businesses, scores of them go untapped by many eligible entities.

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New York bills its businesses for unemployment loans for second year

Posted on July 31, 2012 by Stacia Argoudelis Comments Off

Businesses operating in New York might not have realized it, but an invoice came across their desks in July, and they have roughly 30 days to pay it. The bill comes from the State of New York itself; it is essentially charging businesses a fee per each employee to raise funds to cover interest payments that New York owes the federal government for loans taken out during the recession to cover unemployment benefits.

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Accountant or bookkeeper? There are many specific differences between the two.

Posted on July 27, 2012 by Stacia Argoudelis Comments Off

Accounting and bookkeeping are often lumped together in one category, often mistakenly. While both accounting and bookkeeping deal with the financial realm of an organization, their intrinsic duties, while at times united, are nevertheless separate and unique. Bookkeeping refers to the daily management of incoming and outgoing finances, for starters, and accounting refers to the larger systems that are in place to both utilize the bookkeeper’s data and properly manage and forecast for financial decisions being made within a business.

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Formal accounting principals of small businesses undergoing changes

Posted on July 13, 2012 by Stacia Argoudelis Comments Off

Any small business owner will tell you that getting things done in these types of businesses often requires ingenuity and thinking outside of the norm. There are real, logistical reasons for the differences in practice that small businesses tend to employ, not the least of which are tied to smaller numbers of staff in comparison to those employed by larger operations. One such procedural change that affects small business is the recent decision by the American Institute of Certified Public Accountants (AICPA) to create a new, streamlined set of accounting principals for small and medium sized entities (SMEs).

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Outsourced bookkeeping services can be the extra set of hands small businesses need

Posted on July 5, 2012 by Stacia Argoudelis Comments Off

Small businesses have no different concerns than larger ones; the only things that change are the ways in which these essential operations are managed, split amongst employees. Outsourced, professional bookkeeping services can be the extra sets of hands that a small company needs in order to handle day-to-day tasks. These services can also serve as the sorts of checks and balances that larger businesses delegate throughout their workforce, things that small businesses often do not have the staff or budget to manage well on their own.

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Accounting Service Providers and Professionals experience high demand despite national unemployment rate

Posted on June 12, 2012 by Stacia Argoudelis Comments Off

While the national unemployment has been hovering near 8%, the figures for finance and accounting jobs have been lower throughout 2012 and earlier post-recession months. And as companies scramble to get back to pre-recession levels of production those number-crunching individuals are proving valuable in specific areas such as growth-forecasting and tax regulations.

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Small businesses and their use of outside accounting

Posted on May 9, 2012 by Stacia Argoudelis Comments Off

For small businesses, there are a host of obvious reasons to use an outside accountant or accounting services provider, but it’s the less-obvious reasons that still seem to be eluding these business owners and supervisors. In a recent study by Sage North America outside accountant usage by both Canadian and U.S. small businesses was surveyed, and while the results indicate differences between the two countries, both areas could benefit from a more thorough analysis of how accounting services can, beyond tax help, payroll and bookkeeping issues, propel a company into greater success.

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How MSPs can bridge the gap between small business and quality accounting services

Posted on April 30, 2012 by Stacia Argoudelis 2 Comments

Small business owners have to be adaptable; when their operation is successful, they need to have access to enough quality staff to maintain maximum productivity, and when there are dips in their business they need to know how to again maintain operations but often with decreased staff and reduced budgets. For small-to-medium-sized businesses (SMBs) one tool of assistance is the managed service provider (MSP) to whom the SMB can outsource some of its operational responsibilities, with an eye toward cost-management. MSPs that provide accounting services are one such tool, and for tax time, and beyond, the use of an accounting service such as these can prove invaluable.

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