Heyer Inc | Accounting and Tax Blog

In their financial accounting, there are a series of principles that businesses are required to follow, and in the U.S. most publicly traded companies follow the ‘generally accepted accounting principles’, or GAAP. This set of standards and best practices are used by accountants when totting up the figures and completing financial statements. Businesses can make important financial decisions based upon the following accounting data: Making investment decisions using financial accounting:… Read More

If you’re the owner of a start-up, you might think it more sensible to try and reduce your costs as much as possible, by managing your bookkeeping, taxes and accounting tasks yourself. However, while this might work on a temporary basis – and only then if you have some expert knowledge in this area – as your start-up finds its feet and begins to grow, this solution is rarely workable…. Read More

For many lawyers and owners of busy law firms, it’s not unusual to have to work long, 12-hour days, and with continuing demands from both clients and partners, the workload can become pretty intense, to say the least. However, just because you have a lot of work, doesn’t mean that you should have to compromise on your work/life balance, and managing your time is something you should never lose sight… Read More

During an economic fallout such as that currently being experienced by businesses all around the world, robust back-office services have never been so important. With the decline in numbers your business may be seeing, you need to see your finances clearly, and from every possible angle. Thankfully, outsourced accounting services exist to help you achieve exactly that, and when trying to leverage your business to its maximum during troubling times,… Read More

The cloud has revolutionized the way many businesses operate, and with so many tangible benefits, it’s little wonder cloud accounting systems are so popular. Below are 5 of the most significant ways that cloud accounting can benefit your business: Multiple data file versions have been eliminated A lot of time is taken up with upgrades to a computer with the accounting software loaded on it, and some data files take… Read More

If you’re new to the world of small business, you may not know that you’re entitled to claim tax credits that can lower the amount of tax you pay to the government. As part of their annual tax filing procedure, many different sized businesses file for tax credits and tax deductions each year; continue reading to find out more: Small business tax credits and why they were created: When individuals… Read More