Avoid the assumption that your business is doing well because you’re getting a lot of visitors or a bump in revenue. Financial reporting provides a holistic view of your company that factors in expenses, debt, and dividends you pay to shareholders.
5 Financial Ratios Every Business Should Track
Success is more than an anecdotal concept you share with close friends and family. Simply saying, “My company is successful,” does not make it so. There are metrics to measure business prosperity, including liquidity, profitability, and returns. This article breaks down five key financial ratios your business can use to measure success.
7 Reasons Why Outsourcing Your Accounting is Better Than Doing It Inhouse
Your accountants won’t be based on-site, but they will be fully focused on the tasks you assign to them. Here are seven reasons why that’s a good idea.
The IRS Voluntary Disclosure Program (VDP) has been suspended. Will They Offer it Again?
The Voluntary Disclosure Program (VDP) launched on December 21st last year was suspended on March 22nd, just three months after its inception.
Do You Need More Time? Here’s How To Get A Federal Tax Filing Extension In 2024
The federal tax filing deadline for 2024 is April 15th, there are several options available if you need more time and want to file for an extension on your tax filing.
Why Payroll Management is Important for Your Small Business
In this article, we will discuss the challenges of managing business payroll and the risks of attempting to handle it independently. Mistakes can be costly. They could subject you to IRS penalties or even legal actions against your company.
