The importance of taxation for cash-strapped small enterprises cannot be overstated. You must identify strategies to reduce your tax liability and reinvest the savings. There are numerous techniques to reduce taxable profits. Exemptions and tax credits are additional options to reduce taxable income. Now while going through these terms, the fundamental question of question “What […]
Client: A wine company based in United States exports wine wholesale to businesses and retail to individual customers. Accounting challenge: The wine business has been facing lot of accounting problems which seem to interfere with regular operations and financial performance of the business. Not having an adequate record of profit and loss accounts, balance sheet, scheduled […]
Client: An event management company based in Atlanta, GA, United States, provides comprehensive catering, floral, design and decor services to corporate, wedding and social events. They manage an average of 2000-2200 events every year and as a result, there are always in need of top-notch accounting work which they weren’t able to receive in past few […]
Client: A reputed real estate company headquartered in New York that is focused on acquiring, owning, and operating real estate assets in all major US real estate markets. The company employs 200-250 people and clocks in a revenue of $15M – $25M. Yet they are constantly plagued by stifling problems in Accounts Payable and Account […]
The Client: A leading real estate management company that acquired and managed more than 10,000 single-family homes in the state of Maryland. Challenge: The real estate company have thousands of scheduled payments, AP, AR and payment adjustments to make which eats away the majority of their time at hand. The total Accounts Payable bills stand at […]
Accounting is rated among the hardest jobs to fill in the US. As you hold this fact in your hand, now know that the job growth rate of accountants and bookkeepers is 10% lower than that of other professions. So, even though the job to applicant’s ratio shifts in favour of employers, it has become […]
COVID-19 has transformed the accounting landscape. The unpreceded crisis scarred the economy and amplified the strategic accounting needs and requirements of every business. Today, every business – small, medium or large is looking for accounting services that are augmented with strategic advisory and consulting – a good news for CPA firms. The pandemic accelerated the […]
With the high volume of invoices and price fluctuations, invoice processing in accounts payable tends to be the most complex accounting function that sucks in a lot of time and effort. Conversely, this is also what makes it the chief contender for outsourcing. By outsourcing accounts, payable restaurant businesses can transform their accounting performance while […]
The pandemic has finally accelerated the adoption of Outsourced Accounting Services. Despite the growing popularity of remote accounting firms, pre-pandemic, it was COVID-19 that triggered the switch. Not so surprisingly, it was also the 2008 crisis that first resulted in the aggressive growth of the outsourcing industry. Benefits of Outsourced Accounting Services: Outsourcing the accounting […]
Start-ups owner multi-task their way out of bookkeeping and accounting and a few even succeed with great effort. However, as the business grows, the numbers rise and so do the insights and the opportunities they open up. Only an experienced CPA can help you glean these insights and provide you with action steps that help […]
