All of the information you need, right here, right now.
Reading Time: 4 minutes Filing and paying your payroll tax returns on time is important for keeping your business in good standing with the IRS, fulfilling your tax obligations,
Reading Time: 2 minutes Record-keeping can seem confusing, but it doesn’t have to be. Below we answer the most common questions we get about record-keeping practices for businesses. What
Reading Time: 2 minutes Identifying and resolving any discrepancies and/or inaccuracies in cashflow, accounting records, and your bank and credit card balances is an important, if not tedious, part
Reading Time: 3 minutes The accounts payable year end process is a crucial component of closing out your year. This portion of the year end work focuses on money
Reading Time: 4 minutes Whether you’re working with an in-house accounting team, a consultant, or a qualified CPA, you’re bound to get a good amount of advice. Like any
Reading Time: 2 minutes Your liabilities are any debts that you have that must be paid. These can be things like loans, employee salaries, income and sales tax, lease
Reading Time: 3 minutes Accounting ecosystems are incredibly complex, and getting an accurate financial picture of your business relies on accurate date, following processes that ensure the accuracy of
Reading Time: 2 minutes With Q4 on the horizon, it’s time to start thinking about large-scale, year-end accounting tasks. Depending on your business’s fiscal year structure, you may be
Reading Time: 2 minutes One often overlooked way to improve cashflow is to optimize accounts receivable. More efficient invoice generation and processing, online payments, and identifying (and planning around)
Reading Time: 4 minutes If you are considering a merger, acquiring another company, or prepping your business for sale, a business valuation is a critical component of the process,
Reading Time: 2 minutes As next we enter the final 5 months of the year, it’s important to reflect on what the first half of 2023 has entailed, what
Reading Time: 3 minutes Whether you’re a mid-tier enterprise with an office staff and team of independent contractors, a small business owner drawing your salary, or an agency working
Reading Time: 3 minutes If there’s anything the internet has provided us with, it’s seemingly infinite options. Type “local CPA near me” into any search platform and you are
Reading Time: 2 minutes Whether you’re a freelancer who left a full-time job, someone who accidentally started a business, or the owner of a bustling company, you’re probably no
Reading Time: 3 minutes As the foundation for accurate financial records and data in any organization, bookkeeping becomes critical when financial reporting and analysis is required. Bookkeeping is the
Reading Time: 4 minutes There are three main tiers of businesses in the United States: Small Businesses, Mid-Sized Businesses, and Enterprise Level Businesses. Each category is typically determined by
Reading Time: 3 minutes Managing your business or personal finances can get complicated quickly, and it’s common for individuals and businesses to reach a point where they realize they
Reading Time: 4 minutes As in any business process, sometimes mistakes in accounting creep up. Even the most professional, focused, and reliable accountants are not completely error-proof. If you
Reading Time: 4 minutes There’s plenty of guidance out there for switching accounting software, most of which comes from software providers themselves. But, what do we as CPAs and
Reading Time: 3 minutes Bookkeeping plays a critical role in accounting. Ensuring your financial records are accurate and organized helps your company make better financial decisions, assists with evaluating
Reading Time: 2 minutes Technically, yes. But, there are some limitations. When Bookkeepers Do Tax Returns Bookkeepers have an important role in tax preparation, and not just during tax
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (25) 661-9417 or phil@philhogan.com
