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.
Bookkeeping
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.
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.
Bookkeeping Versus Accounting: What’s the Difference?
As an accounting firm, we often field calls from prospective clients searching for bookkeeping services. Our team understands why these two financial disciplines are lumped together, but bookkeepers and accountants have different responsibilities. Understanding what those are can help you make better financial decisions for your company.
Bookkeeping Mistakes That Cost Your Dental Practice Money
You sacrificed time, money, and kept a high level of dedication to get through dental school so you could own your own dental practice one day. Now that you’ve achieved your dream, there are a few other details that go along with the business side of it that maybe you’re not as prepared for as […]
