Business News Daily ranked virtual bookkeepingas number 22 of the top 45 business ideas for 2011. With the growth of micro-businesses and entrepreneurship in an economy where many talented people are still looking for work or getting laid off, it … Continue reading →

Even though we’re not in tornado alley here in Indiana, tornado and hurricane season is upon us. Tornadoes and hurricanes put your company’s computer servers and hard drives, and all your financial information, at risk. Natural disasters can create flooding that … Continue reading →

If you’re considering hiring a CPA or part-time financial controller, you might be wondering exactly what those letters after a person’s name mean. Most people are familiar with the term CPA, and many know that it stands for Certified Public … Continue reading →

With tax reform expected this year, we’re facing a “wait-and-see” period for tax laws, where 2011 didn’t bring many changes in small business tax filings. No president wants to increase taxes in (or leading up to) an election year, so … Continue reading →

Forty-two percent of employees surveyed said that they felt their company had a “weak ethical culture,” according to the National Business Ethics Survey (NBES), a report published by the Washington, DC‒based Ethics Resource Center (ERC). http://www.ethics.org/nbes/ This figure is up … Continue reading →

Whether the economic recovery is real or just wishful thinking on the part of economists and politicians running for office, there’s no doubt that cutting costs in your business while maintaining value is one way to stay ahead in any … Continue reading →

It’s important for a small business owner to know that, once you make the transition to accrual-based accounting, it’s frowned upon by the IRS to switch to a cash-based method. However, as a business owner, once you realize the advantages … Continue reading →

Most micro-businesses, small businesses and sole proprietors use a method of bookkeeping called cash-based accounting. For “all-cash” businesses and sole proprietors who simply file a Schedule C to report 1099 income, cash-based accounting is very simple. You can maintain your … Continue reading →

Choosing accounting software for your small business can be a harrowing process, almost as challenging as finding a small business bookkeeper, accountant or financial controller. In fact, the two activities often go hand-in-hand, since many bookkeeping firms prefer certain accounting … Continue reading →

If you thought financial reports were only important for tax filings and applying for a loan, you might be surprised at how, when you really understand financial reports, they can help you get a clear financial snapshot of your business. … Continue reading →