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Accounting Outsourcing
September 16, 2020 by tracy
What is a business? It is nothing but a group of people serving customers. A business is defined by its customers only, and they are the prime reason for its existence. Any business in the world can face losses and even shut down its operations if its customers keep declining. This is true for the […]
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August 26, 2020 by tracy
According to Internal Service Revenue, more than 35% of businesses never reopen after a disaster. In the case of small companies, the number is likely even higher. Amid economic downturns, business owners often feel the immense pressure of getting the financial performance back on track; they become even more concerned about their company’s future. COVID-19 has […]
Financial Reports
August 12, 2020 by tracy
The global coronavirus pandemic has brought about unprecedented challenges across all sectors, and financial auditing and reporting is no exception. Businesses are grappling with the economic ramifications, disruptions, and shifting consumer behaviors, undergoing changes. The pandemic has necessitated reevaluating traditional auditing practices and financial reporting standards to accommodate the new normal. The far-reaching repercussions of […]
July 24, 2020 by tracy
Humanity, healthcare systems, and business sectors around the world are widely affected due to COVID-19. While many industries have gone through a hard time across the globe, some companies were and are operating fine, for example, medical manufacturing, and all organizations working with healthcare providers. Cash comes as far as the business runs. But many […]
Accounts Payable
May 12, 2020 by tracy
Regardless of your business size, processing payments often bring inconvenience. In some circumstances, it may hamper your relations with suppliers, vendors, employees, etc. However, putting cash flow at risk is never a good idea. As a business owner, you need to maintain smooth cash flow for better financial performance. There are two possibilities why small […]
April 15, 2020 by tracy
As a business owner, you might often find it challenging to utilize your precious and limited time efficiently. While you remain busy ensuring your core business operations are carried out properly. However, poor management of your business accounts and finances can take a toll on your business growth. In fact, not paying attention to these […]
Accounting
March 18, 2020 by tracy
Business owners around the world often need to wear multiple hats. Their responsibilities range from the brand establishment to getting the appropriate talent onboard. Simultaneously, putting best efforts to maintain long-term customer-business relationships. In the meanwhile, they usually run into different business problems, and accounting challenges are big ones. As a business owner, you surely […]
March 13, 2020 by tracy
Accounting is considered to be the soul of every business, and bookkeeping forms its most imperative aspect. Recording of financial transactions is essential for businesses to gain valuable insights into their actionable data. A majority of businesses failed in their initial five years, and the most common reason for their failure was their poor approach […]
Tax preparation
February 21, 2020 by tracy
President Donald Trump is always up with something new and interesting, and this time it is the tax industry that has some surprises in the form of tax amendments. Irrespective of the industry type, every business and individual is going to get affected by the new tax laws which came into effect from Jan 1, […]
October 8, 2019 by tracy
Tax filing has never been easy as it requires plenty of time and understanding of financial records. Let’s find things that need to consider before filing business tax.
