Heyer Inc | Accounting and Tax Blog

While it can be easy to look at outsourcing payroll duties as an extra expense you could do without, this is a rather simplistic way of viewing it, and does nothing to explore or explain the amount of money that a small business can save in the long term if payroll is outsourced. In fact, when you examine outsourcing in closer detail – in particular, payroll – many of the… Read More

If you’re in the fortunate (and frankly, exciting) position of owning a small or mid-sized business that is expanding, then you might be noticing that not only is there a lot more accounting work to be taken care of, but that you have less time available to complete it all. Even if you already employ a part time bookkeeper and accountant, they may be struggling to keep up with the… Read More

Accurate business planning for the fiscal year is only possible with good budgeting and forecasting, and here are 10 top tips for improving these processes to help your business meet its financial goals: Be flexible when budgeting and forecasting Forecasts and budgets that are not easily adaptable in the face of changes that may happen throughout the year, can lead to unwise and costly decisions for your business. Rolling forecasts… Read More

If you’re the owner of a small business, you’ll doubtless already know that offering a retirement plan is a great way of attracting and retaining employees. Not only that, but it can also help both employee and business owner to make tax savings. The tax code as it currently stands, offers a variety of small business retirement plans, and it’s important to consider them all carefully to find the right… Read More

One of a bookkeeper’s many roles is to help organize a business’s finances, and they do this by managing and recording financial statements, tax receipts, payroll and cash flow. If you’re a business owner, seasoned or new, and you don’t already have a bookkeeper, you’re probably struggling to know exactly where your finances stand, or where the funds are going. With no background in finance, most business owners without a… Read More

With the impact of the global health pandemic being felt by thousands of industries the world over, many companies have faced operational and financial challenges, the likes of which they have never experienced before. Desperately searching for ways to deal with these challenges while continuing to meet the needs of their customers, clients and employees, has been tough for them, and decisions have had to be made with respect to… Read More