Payroll processing and management are not as simple as everyone assumes them to be. Efficient payroll processing at scale is a complicated task to accomplish without external assistance from outsourced accounting firms or payroll service providers. Payroll processing is laden with so many complex tax regulations at the state, federal and local level that errors […]
Access to the top accounting experts improved productivity, scalability, saved time and costs – outsourcing bookkeeping and accounting services offer myriad benefits to businesses of all types and scales. However, most businesses fall short of unlocking the full potential of outsourced accounting services due to a lack of solid strategy and a plan to leverage […]
Be it a small, medium or large business, strategic planning is key for business growth especially when the entire world gradually making its way through the pandemic. To accurately plan for the future and take the right steps every business needs, a sense of direction which comes from understanding the past and current business is […]
With the global market back on its feet, the need for financial and accounting intelligence is higher than ever and so is the competition among CPA firms to trigger business growth in 2022. The capability to get more done in less time at a high scale is a USP that most CPA firms look to […]
Technological adoption in the accounting industry that has started in early 2019 scaled up massively in the last couple of years. Cloud-accounting, automated accounting software, agile and remote working methodologies, outsourced bookkeeping and accounting services – the pandemic necessitated remote working has brought-in many new operational efficiencies. Now the onus is on accounting firms to […]
Right from 2021, IRS has been steadily making changes in 1099s & W-2s to make the filing more efficient and accurate in terms of compliance and reporting. While it has updated 1099-MISC, 1099-NEC, it has also made quite a few changes to 1099-K as well. As a trusted remote accounting firm that specializes in 1099 and […]
More income doesn’t necessarily mean a high tax rate especially when you have a tax consultant or financial advisor who can help you manoeuvre the menacing federal tax policies. There are plenty of tax reductions strategies one can employ to reduce their tax burden which most high-income earners are not aware of. So in this […]
What do you think is the most common characteristic of small and medium businesses on a growth path? Sales, yes, revenue almost. But most small and medium businesses who score both, often face growth problems due to a variety of reasons. And the most common hurdle every business face in their growth stages is revenue […]
If you are a small business owner then you are well aware of how busy year-end can be when it comes to having your books balanced. We understand you have to juggle multiple responsibilities and accounting is not exactly your top priority. But if you have been through year-ends in the past then we know […]
The end of the financial year can be the most daunting period for small businesses when it comes to bookkeeping and accounting. With so many things on their plate, a small business owner had to don many hats to take care of day to day business and this naturally can strain the bookkeeping and accounting […]