According to the IRS, almost 90% of taxpayers pay a professional or use software to file their taxes. If you’ve been doing business taxes on your own, you know how complicated the process can be. In fact, you could be struggling to grow your business because it has become a financial liability. You might be aware that your […]
Many of you have probably thought, “Starting a business should be simple.” Saying so is one thing, but it’s easy to fall short on the financial aspect. Many companies operate without marketing budgets or have generally poor money management skills. You need help managing your finances. So here’s the question: In-house controller vs. virtual controller services, […]
Running a business comes with many challenges, but there are also unique rewards. You can make your schedule, work from where you’d like, and have better control over your income. As of August 2022, the average small business owner makes between $30,000 and $146,000 annually. Regardless of how much you make, understanding your business taxes […]
The statewide tax rate in California is over 7%. That’s only one piece of a more complicated puzzle, especially if you’re trying to run a successful business. Are you having a hard time with your business taxes in California? For many, the mere idea of handling California taxes can make one start sweating. The good […]
Could your company benefit from hiring a controller? If so, you’ll be happy to hear that there are more than 200,000 controllers working throughout the U.S. today. Because of this, you shouldn’t have any trouble drumming up interest in controller jobs. This should put your mind at ease when you’re preparing to hire a controller. But […]
In the US, there are approximately 30.7 million small businesses. At the same time, they’re often considered the backbone of the US economy; as many as 66% face financial challenges. Only about 25% of small businesses last more than fifteen years. Some cite a lack of market interest as their downfall. Lack of capital and intense […]
There’s a reason why there are nearly two million bookkeepers found in the United States. These professionals are essential for maintaining business accounts and ledgers. If you run a high-volume business that’s growing rapidly, you likely need a permanent bookkeeper to keep things organized. However, how do you find someone who’s a good fit for your business? […]
As the business world becomes more competitive, more businesses are relying on bookkeeping services than ever before. Over the past five years, the demand for bookkeeping and related services in the United States has been growing by about 2.7% on average each year. In 2023, there are more than 320,000 bookkeeping services that generate over […]
Imagine running a thriving business but finding yourself buried under financial strategies and complex management reports. With expanding operational demands, these aspects can often fall by the wayside. Here’s where the value of fractional CFOs and controllers comes in. They are crucial in managing financial operations without committing to a full-time position. But what exactly […]
Managing your business finances is essential if you want to save money, capitalize on tax deductions, and get loans. However, it’s difficult to keep track of every part of your finances without a dedicated accounting department. It’s even worse if you need to do all the paperwork yourself. One way to stay on top of […]
