business tax returns

Mastering Your Business Tax Returns: Strategies for Success

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Filing a small business tax return is far more complicated than filing an individual tax return.

In fact, 80% of small business owners feel stressed during tax season.

To make this time of year manageable, it’s important to know the strategies you can implement for success.

The strategies involve following the correct steps it takes to file business tax returns.

It’s time to become the master of tax returns.

Keep reading to learn what you should be doing to prepare.

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business accounting a mess

Business Accounting a Mess? How to Get Back on Track

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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 business accounting is a mess but not be motivated to fix it because you’ve just accepted that’s how it is, you think it’s too expensive to fix, or you don’t realize the negative outcomes it can have on your company.

Is your business accounting a mess? It can cost you money and time, and cause your overall business to suffer even if you don’t know it.

Let’s change that.

Get serious about fixing the mess by learning what to do.

Keep reading as we dive into the steps.

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in-house controller vs. virtual controller services

In-House Controller vs. Virtual Controller Services: What’s Best for Your Bottom Line?

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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, which is better for your business?

Which of these financial overseers will work best for you?

There is much to cover regarding who does what in business finance and which type of controller is the better choice.

Read on as we discuss controllers, what virtual controllers are, and which is better for you.

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affordable accounting & tax services

Simplify Your Finances with Affordable Accounting & Tax Services

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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 is crucial.

The good news is that outsourcing to affordable accounting & tax services can streamline your tax obligations.

Let’s explore how to choose the best option and the benefits they can provide. Read more

bookkeeping services in california

Navigating California Taxes Made Easy with Bookkeeping Services

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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 news is that bookkeeping services in California are a promising solution.

Keep reading to learn how these professional services can rescue your business and provide valuable help with taxes.

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preparing to hire controller

Preparing to Hire Controller Services: Demystifying the Hiring Process

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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 one thing you should consider is the idea of hiring a fractional controller to work for your company as opposed to a full-time controller.

You’ll be able to enjoy all the controller benefits when you take this approach without having to spend money paying a full-time controller a salary.

Does this idea interest you?

Then you should take the time to learn more about this option when you’re preparing to hire a controller.

Discover all about the hiring process you’ll have to go through when you choose to hire a controller service to set you up with a fractional controller below.

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what is a fractional CFO

What Is A Fractional CFO And Does My Business Need One?

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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 competition are also an issue.

About 17% say they struggled with a lack of personal business knowledge.

In essence, they simply didn’t have the business knowledge to protect their business.

A fractional CFO might have been helpful to those small businesses.

What is a fractional CFO, and how can they benefit a business?

Read on to learn more about fractional CFOs, what they do, and the advantages of hiring one for your business.

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preparing to hire a bookkeeper

Preparing to Hire a Bookkeeper: A Comprehensive Checklist

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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?

When preparing to hire a bookkeeper, you need to know exactly what to look for.

That’s why we made this guide.

In it, we’ll go over a comprehensive checklist you should consider for these new accounting hires in Arizona.

That way, you don’t waste anyone’s time or money.

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Tasks Bookkeepers Handle

Top 7 Tasks Bookkeepers Handle for Small Businesses

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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 $66 billion in revenue.

This industry continues to grow because of how valuable the tasks bookkeepers handle for businesses are.

Many businesses start to consider hiring bookkeeping services as they get bigger and busier.

On the other hand, some business owners hesitate to find a bookkeeper because they do not know exactly what one can do for their business.

Understanding more about the typical tasks your bookkeeper can handle for your business can help you appreciate the value they can add.

So what are some of the most common things a bookkeeper might be able to do to help your business?

Read on to learn the seven top tasks that bookkeepers can handle for small businesses!

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fractional cfo vs. fractional controller

Fractional CFO VS. Fractional Controller Services: What’s the Difference?

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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 are these roles, and more importantly, what are the key differences?

In this article, we explore the nuances between a fractional CFO vs. a fractional controller and why understanding these distinctions is critical to your business.

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