Financial management must include tax planning because it may minimize tax bills and increase savings. Both individuals and companies must start arranging their taxes now for the tax planning strategies for 2023. To reduce tax costs and maximize savings, it’s essential to stay current on recent developments given the constantly evolving tax rules and regulations. […]
Restaurants operate in a highly-competitive and ever-changing market. Add this to staffing challenges, ever-shifting food trends, customer preferences and daunting regulatory environment – a restaurant could be the most dynamic among all the business. Even when all the above challenges are successfully overcome, a restaurant owner may still fin fit difficult to successfully run the […]
An unsteady cash flow is a sign of inefficient Accounts Receivable. But when one experiences the heat of cash flow problems, most business owners wouldn’t have time or leisure to fix the Accounts Receivable. This is also why 80% of small and medium businesses fail due to cash flow problems. 5 Signs Your Accounts Receivable […]
Accounts receivable and business collections are essential components of any business. As the year 2023 approaches, new accounts receivable trends and collection strategies will become increasingly important to ensure a healthy cash flow and financial stability. This blog will provide an overview of accounts receivable trends in 2023 and discuss ways businesses can take advantage […]
CFOs are a financial wizard who manages and monitors all the financial activities of the business. They manage all the financial and accounting requirements of the business and unlock new insights to maximize profits. A start-up that needs an expert hand in financial analysis, budgeting and forecasting, an SMB that needs to make data-driven decisions […]
Accounts payable is an unpleasant task that most organizations, especially larger ones, must perform to maintain healthy cash flow and vendor relationships. This is often undervalued until a company’s reputation and how quickly it fills orders become important for getting the best price. Unfortunately, AP teams must deal with a wide variety of such issues […]
Client: An event management company based in Atlanta, GA, United States, provides comprehensive catering, floral, design and decor services to corporate, wedding and social events. They manage an average of 2000-2200 events every year and as a result, there are always in need of top-notch accounting work which they weren’t able to receive in past few […]
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 […]
Keeping accurate financial records not only give you greater visibility of current position but also helps entrepreneurs discover more opportunities for business growth. But more importantly, solid bookkeeping and accounting sheds light on the possible financial risks and helps entrepreneurs control unnecessary expenses. Bookkeeping & Accounting for Startups– Not Easy to Juggle: Bank statements, credit […]
The global crisis of the COVID-19 pandemic has left a scar on all types of businesses. Post-pandemic every business’s singular aim is to recover as fast as possible and make growth possible with improved strategy, revised operations and budgets. In the wake of these new changes, the time has never been more right for businesses […]