Friday, April 11, 2008

Small Business Tax & Accounting

Cash Versus Accrual Accounting for Small Businesses
There are only two generally accepted accounting methods: cash and accrual accounting. This article explains the conditions under which a small business has to adopt the accrual accounting method, and discusses the benefits of the cash method in circumstances that allow a business to choose it.
Is it Time to Upgrade Your Accounting Software?
A simple accounting software solution will no longer fit your changing needs. How do you know it's time to upgrade your accounting software?
8 Reasons to Ditch Your Shoebox Accounting System
Learn why relying on a shoebox for your accounting is detrimental to your small business.
The 10 Rules of Cash Flow 101
Use the basic rules of Cash Flow 101 to help you take control of your cash flow so you can create the business you have always dreamed of.
8 Winning Tips to Make Your Financial Plan Profitable
To be successful in business, you need to make a financial plan and check it against the facts on a monthly basis, then take immediate action to correct any problems. Here are 8 steps you should take...
What's a Reasonable Price to Pay for Having My Taxes Prepared?
Find out the pricing averages for hiring an accountant or CPA.
How To Find a Good Accountant
As tax time rolls around consider having an accountant complete your small business taxes. Can you find an accountant that best meets your business needs? An accountant who will understand your industry, company, and personal tax situation. Learn "How To Find a Good Accountant."
Building Your Small Business Accounting Team
To get a grasp on your small business accounting and financials, should you hire a bookkeeper, an accountant, a controller, or a Chief Financial Officer (CFO)? When is the best time to hire each type of professional?
State CPA Societies
Need to find a Certified Public Accountant in your state? Businessfinancemag.com offers links to all state CPA societies.
Know Your Financial Manager
An excellent article for all business owners on the need to know your financial manager whether a CFO, CPA, or bookkeeper. Dennis Hoppe President of Hoppe Management Concepts, Inc. clearly outlines your role in working with your financial advisor.
Keeping Your Books
The Internal Revenue Service guidelines for record keeping for small business and self-employed individuals. Here you can learn how long you should keep your records and why.
CPA Business Valuation
Choosing a CPA with Accredited Valuation Professional (ABV) Designation to valuate your business. The American Institute of Certified Public Accountants (AICPA) offers a great site to find a local CPA/ABV in your state.
Bookkeeping Basics
More bookkeeping basics from Office Depot. This basic primer covers how to record daily transactions, working with an accountant and how to prepare your financial statements.
Accounting & Tax Website Directory
Dennis Schmidt, Professor of Accounting at the University of Northern Iowa has a comprehensive but simple to use tax and accounting sites directory. A must stop for any small business web searcher looking for answers.
Accounting & Bookkeeping Basics
Need a review of basic accounting or bookkeeping procedures? Try the Nolo.com legal self-help web site for in-depth coverage.

No comments: