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For those running small businesses, staying on top of everything needed to survive, is a juggling act that never gets any easier. From the front, running a business involves managing sales, marketing and customer relations, as well as developing products and keeping up with competitors. From the back, there is just as much work going on behind the scenes. But have you ever thought about what happens when a disastrous… Read More

The convenience of credit cards is difficult to ignore, and for many businesses, using them is second nature. But while there is nothing wrong with using credit cards to keep a business running smoothly, failure to reconcile those accounts on a monthly basis, could see small businesses jeopardizing their very financial health. More than being sloppy, a lack of monthly credit card reconciliation could have serious consequences for a small… Read More

Spreadsheets and ledger entries aren’t exactly the stuff entrepreneurs dream of, but for the owners of small businesses, those boring numbers are a necessity, to be ignored at their peril. Financial reports such as Profit and Loss statements, help businesses turn blind, data-less decisions, into guided strategies for leading the company forward with confidence. And with regular support from accountants in Fort Lauderdale, all such data related to financial reports,… Read More

With the majority of small business owners worried about under or overpaying the IRS every year, it’s perhaps little wonder that so many of them choose to invest in accounting and tax services. But is it enough to hire them once a year, for tax season alone? Everything that has an impact on your business, including such things as revenue and expenses, or payroll and insurance, can also have an… Read More

At this time of year, instead of thinking about their taxes, a lot of businesses are focusing on operations, growth, and summer workloads. But the summer months, particularly June and July, are a great time for companies to check in with their taxes. While you can wait until the end of the year to review your situation with professional tax services in Coral Gables, leaving it this late can lead… Read More

When the majority of businesses start out, it’s rare for them to select an entity structure that still makes sense for them several years down the line, and that’s okay; circumstances and finances change, after all. But what isn’t okay, is when business owners don’t realize that they should be changing their structure, or postpone it for some reason, leaving them open to any number of tax inefficiencies. Reviewing your… Read More