Here you’ll find intriguing blogs written by various members of the Core Financial Pros on topics relevant to successfully and smoothly operating your business.
Why Proper Accounting is Key for a Thriving Health and Wellness Business Alright, let’s talk accounting. I know, it’s not everyone’s favorite topic, but if you’re serious about growing...
What is a Reasonable Amount of Compensation? When we talk about employment, business transactions, or even legal matters, the question of what a reasonable amount of compensation looks like...
It's time to take control of your rates and manage your finances for success.
How Does Cloud Accounting Benefit Small Businesses? As a small business owner, I’m sure you’re tired of searching for ways to enhance efficiency, reduce overheads costs, and improve your...
What is Tax Planning and Tax Preparation? As a business owner you’ve probably heard these terms before, but do you understand the differences between them? Both tax planning and...
Recognizing the unique contribution both accounting and bookkeeping bring your business will allow you to not only maintain compliance but to also thrive financially through informed decision-making!
Effective tax planning requires proactive measures taken throughout each calendar cycle rather than reactive ones during filing season alone!
"A higher GPM suggests that a company is effectively managing its production costs and can sell its products at a higher markup, whereas, a lower GPM might indicate that...
"While cash basis accounting offers simplicity and ease, accrual basis accounting provides a more accurate and comprehensive view of your financial health."
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A 1099 form is a tax document you use to report payments to freelancers or contractors who aren't regular employees. As a business owner, you need to issue it to all non-regular employees by January 31st of the following year.
Offering insights into your companies production efficiency and pricing strategies, calculating your Gross Profit Margin is a vital tool for your financial analysis! Learn why knowing your GPM is important, how to find out YOURS and more.
Being a new business owner can feel daunting at times, especially when it comes to your taxes. Get 75+ real life examples you can bring to your accountant and see if you have expenses that fall under these categories!
