Thriving in the Age of Hybrid Offices
Many of us love the comfort and lack of a commute working from home affords, not to mention the much comfier work attire. However, being separated from our peers can make it easy to feel isolated and alone at your job. It can be difficult to maintain good relationships with colleagues and have effective communication […]
Outsourced Accounting Services: Spring Cleaning for Your Financial Accounts
As you prepare for the year ahead, it’s time to get some spring cleaning done. Hiring an outsourced accountant can help your business reorganize and make sure all of its ducks are in a row for the upcoming year. With an outsourced accounting firm, your business can engage in productive “spring cleaning” that can help […]
Your Guide to Tax Efficiency
In the wake of the COVID-19 pandemic, federal and state deficits have surged to unpredicted levels. Given this scenario, tax efficiency is going to more crucial than ever. Taxes for wealthy individuals are expected to increase in the upcoming years, especially for those living in states facing significant budget deficits. The newly elected President Joe […]
10 Ways Your Taxes Will Be Different in 2021
Taxes are an unavoidable obligation that must be fulfilled each year. Preparing for it ahead of time makes it easy to file while procrastinating makes the process a lot more complicated. So, we would suggest start preparing now or at least stay up-to-date with tax regulations! It’s important to note that the tax code is […]
How to Manage Your Cash Conversion Cycle
How to Manage Your Cash Conversion Cycle? Many individuals who are new to the corporate world believe that profitability is everything. They go onto accepting unfavorable credit terms with customers to maximize their revenue. However, sooner or later, they run out of cash and go bankrupt. The availability of cash is a huge factor that […]
Understanding the Importance of Cash Flow
Regardless of the size of the business, managing finances and keeping track of the investments are crucial for business success. Whether you are a startup or an established business, penning down your cash flow activities is just as important as determining your profit. In this guide, you’ll study why cash flow is important, but before […]
What Benefits Does a Fractional CFO Offer?
Are you wondering what a Fractional CFO is, and if one could help your eCommerce business? Well, look no further! A Fractional CFO is your outsourced eCommerce financial executive, and they know the in’s and out’s of eCommerce accounting, but function on a much higher level than basic bookkeeping. Our Fractional CFOs cost a fraction […]
What is Digital Accounting?
Technology has transformed the financial industry. In the past, business owners had to hire accountants that would record and process financial data manually, costing them more time, money, and effort, as well as human errors. Today, automation in digital accounting has allowed business owners and their accountants to complete functional tasks more quickly and accurately, as […]
Controller vs. CFO: Which One Do I Need?
What’s the difference between a controller vs a CFO? Many business owners and CEOs have a common misconception that the role of a chief financial officer (CFO) and a controller is more or less the same. Even though both have their own unique skill sets, many people confuse their roles and end up hiring […]
Why Outsourcing is More Important Than Ever
The COVID-19 crisis continues to expose the vulnerability of concentrated supply chains and business functions. Even as early as the 1st of April, 14% of the professionals reported major business disruptions and another 21% started anticipating massive issues. To cope up with the situation, businesses continue to look for ways to thrive through the situation. […]
Tips to Avoid Bankruptcy in Your Small Business
Keep your small business afloat with these quick and easy tips to avoid bankruptcy Small and large businesses are equally likely to go bankrupt. There are a number of reasons that a business may file for bankruptcy including a poor market, poor spending, a lawsuit, or the most common, the inability to pay back debts. […]
How COVID-19 is Affecting Your eCommerce Business
COVID-19 continues to spread faster than a wildfire as the world races against the outbreak to contain it. Thousands of people have already lost their lives to the coronavirus, which has now been declared as a pandemic. Besides being a global health crisis, COVID-19 has shaken even the strongest economies around the world. Businesses all […]