Accounting

Tax Tips

How to Select a Tax Professional for Your Small Business

If you're an entrepreneur, it's critical to find a tax preparer who understands the tax implications of owning a small business as well as your particular needs in order to establish a beneficial relationship.
Accounting

Why Managing Accounts Receivable Could Save Your Business

Most businesses are profitable, but they still get into trouble by not paying enough attention to cash flow.
Valuations

Understanding a Business Valuation

Knowing what exactly a business valuation is as well as its components isn't easy. Here's a straightforward rundown.
Accounting

It's All About the Money: Cash or Accrual Accounting?

Both methods have advantages and drawbacks, and could determine how you file your taxes.
Ask the Expert

Determining When You Should Hire a Full-Time Accountant

Often entrepreneurs don't have the core competencies to understand accounting, which could result in a startup failing. Here is how an entrepreneur should approach hiring an accountant or outsourcing her financial tasks to ensure success.
Growing Industries

The Most Profitable Types of Small Businesses

Accounting leads the pack while several service-based industries follow closely behind.
Quickbooks

Intuit Releases QuickBooks App for Mac

Business owners can now access their data and manage their books from any Apple device in real time.
Taxes

What Your CPA Isn't Telling You

At Entrepreneur magazine's Growth Conference this year, CPA and attorney Mark Kohler explained to an audience of entrepreneurs the importance of finding the right accountant for your business.
Finance

These Numbers, Used Properly, Can Help You See Problems in Advance

You're probably already receiving financial statements, but are they doing you any good? Here's what your metrics should look like.
Accounting

The 7 Deadly Financial Sins of Small Businesses

While the 'average Joe' can breathe a sigh of relief that tax season is behind him, small-business owners can't do the same. To ensure entrepreneurs keep their finances on track all year around, here are seven mistakes to avoid.
Accounting

Ignore that Accounting Problem -- At Your Own Risk

If you discovered an issue, don't let it fester like an open wound, take care of it as soon as possible.
Financial Statements

6 Things You Didn't Know About Your Financial Statements

The information could be useful, if it's prepared correctly and you know what to look for.
Finances

Make Financial Statements Useful With These 6 Tips

Without accurate and up-to-date numbers, your business can suffer. Here's how to upgrade your reporting.
My Biggest Mistake

My Biggest Mistake: Not Closely Examining the Numbers

An entrepreneur discusses how he fell into the trap of equating revenue with profit.
Accountants

10 Questions to Ask When Working With an Accountant

Ask your accountant these critical questions to better maximize your profits, tax savings, cash flow and more.