Choosing the right business structure is about more than just filing paperwork with your state. The entity type you select—sole proprietorship, limited liability company, partnership, S corporation, or C corporation—has long-term financial, tax, and operational implications. And if you’re not careful, sticking with the wrong structure could be costing you more than you realize.
Read MoreIt's risky when shadow IT creeps into your accounting and finance function. It results in a tangled web of disconnected tools, security vulnerabilities, internal control weaknesses, and manual workarounds that make scaling or improving processes nearly impossible.
Read MoreThe longer it takes to collect receivables, the tighter your cash flow. Fortunately, there are several steps you can take to accelerate A/R collections so you have cash available when you need it.
Read MoreRegular bookkeeping gives you the clarity you need to make smart decisions, avoid surprises, and stay compliant.
Read MoreThink of your chart of accounts like the blueprint for your business’s finances. If it’s clear, well-organized, and tailored to how you operate, everything from budgeting to tax prep gets easier.
Read MoreWhether you need to track sales, manage cash flow, or figure out whether you can afford that new equipment, the right accounting software can be a decision-making tool to support your business growth goals.
Read MoreManaging 1099s doesn’t have to be stressful or confusing. With the right systems in place, you can stay organized all year long, avoid IRS)penalties, and make the beginning of the year way less hectic.
Read MoreWithout a succession plan, families face disputes, hefty tax bills, or even the forced sale of the business. Gifting fractional shares of the business over time lets you transition ownership strategically while taking advantage of tax benefits.
Read MoreWhether you're considering selling your business, looking to attract investors, or transferring the business to the next generation, you need to know what it's worth. Business valuation isn't just about looking at you balance sheet or sales figures; it’s a mix of financial analysis, market conditions, and risk assessment.
Read MoreCost of goods sold is the direct costs associated with producing or purchasing the goods or services your business sells during a specific period.
Read MoreRunning a successful business requires more than just a great product or service—you need to understand your numbers and control costs. One critical component of this understanding is differentiating between variable costs and fixed costs.
Read MoreWe prepared this step-by-step guide to help you gain control over your cash flow management.
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