by Mary Philipps | Mar 1, 2021 | CFO Services, Small Business
Do you have a lot of customer service inquiries in your business? If so, it can be a challenge to manage them all. Being responsive with customer service can make all the difference in your company’s success, so it makes sense to take a look at some tools that can...
by Mary Philipps | Feb 25, 2021 | Small Business, Taxes
When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt. Most nonprofits are not subject to federal, state, and local income tax. Does that mean nonprofits are completely free of ANY tax liability? The answer to this is...
by Mary Philipps | Feb 2, 2021 | Bookkeeping, Small Business, Taxes
Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This...
by Mary Philipps | Jan 20, 2021 | Bookkeeping, Small Business, Taxes
If you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes. If you earn additional income beyond your salaried income, if you are under-withheld, or if you have...
by Mary Philipps | Jan 15, 2021 | Bookkeeping, Small Business
A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless yet, most organizations are moving in that direction. A business can become cash-free...
by Mary Philipps | Dec 30, 2020 | Bookkeeping, Taxes
The last thing most entrepreneurs want is for their hard-earned dollars to go down the drain because of a money leak in their business. Since so many entrepreneurs are working harder than ever before earning their living, it just makes sense to shore up...
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