Articles Tagged - bookkeeping

End-of-Year Tax Planning: How to Lessen Year-End Stress

By Wiss, Posted in Tax Services

By Laura Melville We are more than halfway through 2017 – and that means the fourth quarter is already on the horizon. When those final three months of this year arrive, it’s time for your business to focus on planning for 2018 in earnest. Unfortunately, many businesses wait to begin year-end planning until then, as well. Your team will already have its hands full preparing budgets and mapping out your company’s strategies for the following year, and an end-of-year tax preparation-planni... read more.

Fraud Prevention – A Necessary Evil

By Wiss, Posted in General Business

By Timothy Kennedy, CPA Do you trust your bookkeeper? This is a question you have to ask yourself periodically. Not only do you want to feel confident that they wouldn’t steal from you, but you also want comfort in knowing that they can properly journalize and manage the accounting information that comes through the door each day. Poor accounting record maintenance and overall sloppy accounting by a lackluster bookkeeper can take you to the point of no return—and force your hand into considerin... read more.

How to Make Sure Your Bookkeeping is Efficient and Accurate

By Wiss, Posted in Outsourced Accounting & Tax

By Laura Melville Get organized. Stay timely. Be informed. These three mandates can change the way you manage your books and free you up to focus on other tasks needed to grow your company. Here are some effective bookkeeping strategies to help keep your business on track.  Understand and communicate the importance of timely and accurate financial reports. Make sure responsible parties are trained on how to keep records,  how to create reports and when those reports are due for review by man... read more.

The Technological Evolution of the Accounting Profession

By Wiss, Posted in Technology

By Bob Risk Towards the culmination of the twentieth century as the advancement of technologies intensified, accounting organizations across the corporate province eyed a distinct change in their routine activities and interactions with clients. Attributable to these transformations, CPAs are urged to acquire the latest innovative proficiencies, freshly blended into the daily operations of each accounting specialist. Bookkeeping, the respected dialect of the business realm, continues to voice novel ways f... read more.

Pitfalls to Avoid when Hiring an Outsourced Accounting Firm

By Wiss, Posted in Outsourced Accounting & Tax

By Carolyn Hall and Craig Jackson Accounting is necessary in any type of business to assess a company’s revenue and resources. In some instances, businesses simply do not have the manpower or ability to conduct their own accounting, thus triggering the search for an outsourced accounting firm. As a company begins this search for a firm to handle their back office function, there are a few standout pitfalls to avoid. Lack of transparencyWith today’s cloud technology, business owners should have... read more.

Make the Outsourced Accounting Transition and Watch your Business Soar

By Wiss, Posted in Outsourced Accounting & Tax

By Carolyn Hall Many companies consider outsourcing their accounting services at some point in their development, whether it is to support growth, improve efficiency or simply ease the administrative burden on their staff. There are a number of advantages, but it is a big decision to outsource part of your operations. Here are five key reasons to consider making the transition.  With that responsibility out of the way, you can focus on your core strengths. The primary reason to consider hiring an o... read more.