News

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

The auto dealership industry is already a competitive and confusing market to begin with, so it’s even more frustrating when you miss out on hard-earned money you’ve worked for.

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

Tax season is upon us! It’s the time of year us mere mortals are tasked with decoding the alphabet soup that is IRS tax forms. There is the potential that things can sound even more confusing once you are no longer filing just a standard tax form.

An A/R collections policy is an absolute must for any business that wants to operate efficiently. A strong policy will ensure continuity throughout the business, make sure that losses are minimized, and resources are allocated efficiently, and that customers are treated fairly and continue using the business’ services.

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

As great as it would be if all customers were honest customers and paid what they owe every time, every once in awhile, you’re bound to run into a bad egg or two. Writing off bad business debts may require changing your business accounting up quite a bit, but in the end, you will likely find it highly useful for balancing income and loss.

One of the top killers of small businesses is anemic cash flow. If many or most of your sales are on credit, your P&L might look great, but if you aren’t collecting what you’re owed, you can soon find yourself unable to meet large critical disbursements like payroll, taxes, or supplier payments.

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.