Insights · Page 8
Practical perspectives on tax, finance, and business — written by the people who work in it every day. 98 articles in the archive.
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Accounting Dec 19, 2023Importance of Financial Statements
Every business knows that reporting your company’s financial position is an obligation, but why are financial statements important? Essentially, your company’s financial statements provide insight into the business’s financial health and report critical information about…
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Entity Structuring Dec 15, 2023Best Business Structure for a Construction Company
The best business structure for your construction company will depend on many factors. The answer will also vary from business to business. That’s why it’s essential to get professional advice on the different business structures and which might be more suitable for you.
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Outsourced Services Dec 11, 202312 Benefits of Having a Fractional CFO
A fractional CFO (chief financial officer) offers many benefits to small to mid-sized businesses, including improved financial health and streamlined cash-flow management.
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Tools Dec 5, 2023ERP vs Accounting Software – Key Differences Explained
Choosing between ERP vs accounting software for your business is an important decision both logistically and financially. While some business owners are drawn to the flashy features offered by ERP systems, accounting software may be enough to handle the everyday operations of…
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Accounting Nov 29, 2023Top 4 Financial Statements Every Business Needs
The four basic financial statements every business needs are the income statement, balance sheet, cash flow statement, and statement of retained earnings. Taken together, these four financial statements provide an accurate representation of the company’s overall financial status.
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Outsourced Services Nov 21, 2023What Is a Fractional CFO?
In today’s dynamic business landscape, small and large companies seek innovative ways to optimize their financial strategies while maintaining flexibility and cost-effectiveness. This has led to the rise of fractional Chief Financial Officer (CFO) as a service.
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Accounting Nov 15, 2023Pros and Cons of Outsourcing Accounting Services
Many smaller businesses are opting for outsourced accounting services and enjoying the advantages that were once exclusive to mid-market and large enterprises.
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Accounting Nov 7, 2023What Is an Accounting System?
An accounting system provides the framework for managing the financial activities of a business, encompassing income, expenses, and various other financial transactions.
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Real Estate Accounting & Taxes Oct 31, 2023Understanding the Passive Activity Loss Rule for Real Estate
One key tax rule that every real estate investor should be familiar with is the passive activity loss rule. This rule has become particularly pertinent due to the growing prevalence of Florida-based short-term rentals on platforms like Airbnb and Vrbo®.
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Entity Structuring Oct 23, 2023S Corp vs LLC – Which is the Right Entity for You?
When starting a business, one of the crucial decisions you’ll face is choosing the right legal structure for your company, and two popular options for entrepreneurs and small business owners are S corporations (S corps) and limited liability companies (LLCs).
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Entity Structuring Oct 17, 2023Top 8 Tax Benefits of an LLC in Florida
If you’re considering forming an LLC (limited liability company) in Florida, it can be helpful to know that there are several tax benefits associated with this business structure.
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Entity Structuring Oct 11, 2023S Corp vs C Corp Tax Advantages Overview
When establishing a business, choosing between two prominent corporate structures—S corporation (S corp) and C corporation (C corp)—is a pivotal decision.
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