Blog Archives
Reading Time: 4 minutes Whether it’s issuing invoices, logging expenses and reconciling bank statements, or identifying errors, bookkeepers play a critical role in the success of any business. Many
Reading Time: 3 minutes As business owners face more and more pressure to sustain through a shaky economy, many are realizing their current bookkeeping strategy is not longer tenable.
Reading Time: 6 minutes Businesses of all sizes require expert financial management to succeed. Deciding whether to hire an in-house accountant or an accounting consultant can be challenging. In
Reading Time: 4 minutes Year-end financial statements provide a detailed summary of a company’s financial performance. 60% of small business owners review their year-end financial statements for strategic decision-making.
Reading Time: 5 minutes Bookkeeping involves dealing with a lot of numbers, which is why it is advised to establish routine checks for your accounting books to avoid anomalies.
Reading Time: 4 minutes Accounting clerks and bookkeepers both contribute to the management of a company’s financial records and share the responsibility for documenting, confirming, and reporting business transactions.
Reading Time: 4 minutes It’s always a good idea to conduct random audits of your company’s financial books to make sure that your company’s data is stored in the
Reading Time: 6 minutes A financial audit ensures that the financial statements are prepared in accordance with the applicable reporting framework (GAAP). It increases the confidence of the public,
Reading Time: 3 minutes Despite the fact that 70% of small firms are focused on enhancing their financial stability, almost 30% of them still experience negative cash flows as
Reading Time: 5 minutes Employee benefits accounting involves complex documentation, financial planning, and specific rules and regulations to adhere to. We have gathered some general advice to deal with
Reading Time: 6 minutes Business owners spend hours attending meetings with the accounting department. Since cash flow is one of the important aspects of any business, every business owner
Reading Time: 6 minutes Employee classification ultimately affects how you issue payroll. Each team member will be paid differently depending on whether they are a full-time or part-time employee,
Reading Time: 3 minutes Whether you work with a CPA who provides you with monthly and annual statements, have an in-house accountant or bookkeeper, or are an individual engaged
Reading Time: 4 minutes Each tax season, many business owners and individuals discover they owe the IRS late filing penalties and/or late payment penalties. But, more often than not,
Reading Time: 4 minutes Companies prepare monthly financial reports to monitor their operations closely. These reports can provide early warning signals to revenue accounts or expenditure accounts that are
Reading Time: 6 minutes With the year coming to a close, interest rates shifting, and layoffs hitting the tech industry, the turn into 2023 is proving uncertain as ever.
Reading Time: 6 minutes The value of bookkeeping and accounting extends to assisting the business in assessing its value and timely decision-making for the future. Additionally, it makes it
Reading Time: 6 minutes It seems like since 2020, no year in business has been conventional or followed the norm. Recession is the talk of the town since the
Reading Time: 7 minutes You might have read and enjoyed our recent article on the Top 5 Reasons People Change Accountants, and while it’s great to know what we
Reading Time: 5 minutes When a client hires an accountant, they want to feel that they are important and a priority for their accountant, but many times people make
Reading Time: 3 minutes The IRS and the CRA have taken cryptocurrency accounts under their scrutiny. You must report your crypto assets for the taxation processes. Since cryptocurrency is
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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