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Accounting Indicators to Be Aware of When Scaling Your Business
Accounting Indicators to Be Aware of When Scaling Your Business Accounting Indicators to Be Aware of When Scaling Your Business Owning a business is no simple job. It requires many resources as your business grows but also requires a great amount of research and knowledge as you scale your business. Knowing what to look for...
February 12, 2020
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Lawmakers Blast IRS For Targeting Conservative Nonprofits

House and Senate lawmakers on May 10 blasted the IRS after learning that the Service had targeted approximately 75 conservative groups for additional scrutiny.

October 18, 2013
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How to Choose the Right Type of Business Entity for You

Contrary to what you might think, going into business can be a relatively simple process. Yes, you may have to comply with local or state licensing or registration requirements, but “your business” can be as simple as going out and doing well.

September 19, 2019
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How to Speed Up Collections of Accounts Receivable

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.

December 19, 2019
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U.S. CFOs, Finance Leaders See Negative Impact From Rising Interest Rates

Survey of Chartered Global Management Accountants finds companies implementing hedging strategies, accelerating investments, forecasting lower demand in anticipation of higher rates.

October 22, 2013
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When To Hire an Accountant for Your Small Business

Small business owners often struggle to maintain their day-to-day operations and monitor their business’s finances. Many rely on accounting software like QuickBooks to generate reports and financial statements. However, hiring an accountant for a small business makes it easier to develop, interpret, and manage financial information like business tax returns and balance sheets. How Accountant…

May 10, 2021
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What To Know About Switching From Contractors to Full-Time Employees

Not so long ago, independent contracting was a much more fringe form of employment, oftentimes reserved for seasonal and freelance work.

December 23, 2019
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What Does Account Reconciliation Mean?

The best tax accountants in Chicago from Odoni Partners understand the benefits of account reconciliation and instances where it is necessary. We use careful attention to detail while studying your financial statements in the reconciliation process. What Is Account Reconciliation? Account reconciliation occurs when someone compares their company or business’s internal financial records to their…

June 30, 2022
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What Is a Forensic Audit?

Your company’s assets and business dealings are essential to the success of your business. Suppose you have been a victim of fraud or you suspect that your company’s assets have not been handled correctly. In that case, you may complete a forensic audit to investigate and gather evidence for court proceedings. When you are preparing…

June 21, 2021
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8 Most Common Tax Forms Every Taxpayer Should Know

Tax season is rolling around again, and it can be overwhelming if you’re not working with an accountant. While working with a certified and experienced tax professional is always recommended, many people successfully file their tax returns themselves. In Naperville, accounting services by Odoni Partners will help you file on time and get your maximum…

March 22, 2022
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