When to Upgrade Your Accounting Services: Signs Your Business Has Outgrown Basic Bookkeeping
Written by: Travis Steele, CPA Managing your financial records is an essential part of your business. Most businesses at inception utilize basic accounting software to track the overall health and growth of their financial position, but often don’t know when they have outgrown their bookkeeping software. It’s crucial to understand when to change your accounting […]
Business Life Cycle Analysis: Matching Services to Your Growth Stage
Written by: Colby Faust, Staff Accountant At our firm, we understand no two businesses are alike, and neither are their accounting needs. One of the most effective ways we tailor our services is by evaluating your position within the business life cycle. Life cycle analysis for businesses gives perspective on past performance as well as […]
The True Cost of DIY Accounting for Small Business Owners
Written by: Colby Faust, Staff Accountant The Risks of DIY Accounting for Small Businesses You didn’t start your business to be a bookkeeper, so why are you attempting to be one? Most small business owners didn’t launch their company to spend hours booking expenses and tracking revenues. Many rely heavily on bookkeeping software, searching for […]
CLARITY!© vs. Traditional Accounting Services: Which Is Right for Your Business?
Written by: Travis Steele, CPA When it comes to your traditional, run-of-the-mill accounting services, your main objective in mind is to have your accounting complete, accurate, and compliant for tax reporting at year-end. However, you’ll often find yourself in a reactionary position, behind on gauging the current pulse of your business and making critical business […]
Confused by entity selections and terminology?
Business Equity: A Visual Comparison Decoding Business Equity Your choice of business structure profoundly impacts liability, accounting, and taxes. This guide breaks down the essential differences. Side-by-Side Comparison Explore the core attributes of each business entity, from terminology to tax treatment. Sole Proprietorship Terminology: Owner’s Capital, Owner’s Equity. Accounting: A single capital account tracks all […]
Small Business Survival Strategies: Refundable Employee Retention Credits 2021 and 2020
In this episode CPA Rachel Longacre explains the employee retention tax credit rules. How to qualify, apply and receive the credits. Rachel’s bio can be found here https://molinarioswald.com/team/rachel-l-longacre/. If you have not yet analyzed if you qualify and what wages qualify for either 2020 and/or 2021 ERC we can help. We will complete a no […]
