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Accounting has always been a dynamic field since the invention of bookkeeping and the introduction of computers and calculators. However, the change of pace has accelerated over the last decade. Accounting is becoming increasingly digital. To stay competitive, accountants must stay ahead of the latest trends and technologies. In this blog post, we'll look at some key challenges and opportunities accountants will face in 2023. CHALLENGES Cybersecurity Threats As technology bec

The world is changing quickly, and so are the needs of businesses and clients. CPA firms must engage in strategic planning and stay ahead of the curve to ensure long-term success. This blog post will offer valuable tips for CPA firms that aspire to excel in 2023. Focus on Talent Acquisition and Retention Attracting and retaining top talent is crucial for any CPA firm to thrive in the long run. It’s advisable to hire candidates who have a diverse skill set, as well as a solid

Starting and running a business is challenging. Making it debt-free is even harder, especially in an unstable economy. But it's a worthwhile goal to strive for as having minimal debt gives you more control over your finances and lowers the risk of bankruptcy. In this blog, we'll provide some tips that can help improve your small business’s financial health in 2023. Be Mindful of Your Spending One of the key components in keeping your small business debt-free is being mindful

If you own a small business , you must already be aware of the volatility of start-ups in terms of budgeting tips and finances due to limited resources and money. Compared to established organizations, small businesses require more supervision to avoid uncertainties that may pose problems and more extensive, intricate financial management processes to ensure stability. The solution to this dilemma is budgeting. We have budgeting tips for you, It is considered to be the most e

Managing company finances is a significant undertaking that requires a strategic approach. On top of monitoring daily expenses, you also need to develop actionable steps to achieve financial goals. By consistently seeking ways to increase profitability and return on investment, your business is more likely to succeed in the long-term. This is possible with a strategic financial management plan. If you want to know how to create one for your business, go over these following s

Declaring a New Year’s resolution is a tradition that most people follow. The new year is a perfect time to leave all the bad and unhealthy habits behind and welcome improvements. Even for businesses, declaring resolutions is a way to signal a fresh start in their practices and operations. As a start-up founder, we understand your dream of business growth, but it does not happen overnight. Fortunately, you can set up viable and practical financial resolutions to achieve succe

Navigating financial uncertainty can be challenging for startup founders, so it’s best to make some preparations as early as possible....

The start of a new year is an excellent opportunity to make the right decisions about how to move forward. The more prepared you are, the...

The effects of the pandemic are still evident as we see companies around the world shifting to remote work setups and leveraging various...

As companies continue to work with smaller budgets, some find that outsourcing certain functions is a great way to maintain quality and...

The holiday season is upon us once again. This could be an exciting yet challenging time for small business owners like you. You get to...

This year has been much better for small businesses than the last two years. With the world finally adapting to the post-pandemic era, people are returning to their regular routines, and companies finally see improvements in their sales and operations. In fact, $6.6 trillion worth of sales were generated in US retail stores in 2021, a massive increase from the previous year. And as the year ends, it is time for small businesses to face one of the most tedious processes in man

According to a recent survey by IT company Capterra, 63% of small businesses anticipate higher holiday season sales. The holiday season...

Financial uncertainty is a problem that businesses, big or small, don’t ever want to face. Unfortunately, it cannot be avoided. So, the best thing for you to do is prepare. To help you get started, here are a few tips that could guide your startup company into surviving and thriving despite a financial setback. Assess Your Business Plan A business plan typically contains a company’s short- and long-term objectives and goals. It basically serves as a road map. But since uncer

Profitability is always the key to measuring a Increase Your Small Business Profit success and market performance. It is not only about making sales, rather it is ensuring that the business is gaining revenue. Especially for small businesses, doubling efforts and increasing efficiency are important to ensure stability since the budget is usually tight. There are a lot of ways to close deals, but let us start with the internal efforts your business can consider to improve not

In the business world, outsourced accounting is already a common practice. But are you really familiar with how the process works? If you own or plan to own a startup, it’s ideal that you know the ins and outs – the benefits that come with it, the overall costs, and so forth. However, you may encounter some misconceptions as you go along. Nowadays, not everything we see, especially on the Internet, is true. Luckily, we are here to debunk some of the most common outsourced ac

Let’s front load some things first. You are a busy person. Your time is limited. We will not spend time beating around the bush. The details will come but to help you get on with your day you can read the first sentences of the next two paragraphs and get the gist just fine. You are running a business, which means you focus on two important things; time and money. And there is never enough of either. Unless you are swimming in access cash, you spend time finding ways to optim

Once the biggest fear of the organizations has become a norm now. Once considered the most crucial part of the organizational environment, office spaces have just become secondary. Hybrid workspaces have become a norm in almost all companies in one way or another. In the post-lockdown era, most organizations have embraced the reality and utility of hybrid workspaces. However, many companies still consider the on-site presence of employees necessary for business operations. 63

Every day is a chance for us to learn something new. If you are a business owner, you will always encounter new concepts and face unfamiliar challenges as you move forward. A good example could be finances. The amount you spend and earn today may be different from what you’ll spend and earn in a few months’ time. You can never be certain of such factors because they constantly change. This is why many people rely on professionals -  a bookkeeper , to be exact. But did you kno

Whether you are running a startup or a large-scale corporation, bookkeeping will always be a necessity. Without it, your budget and overall profit as well as every finance-related aspect within your business could suffer in the long run. It’s a good thing that there are professionals who can help entrepreneurs like you, gain a better hold of their everyday expenses. If you aren’t feeling convinced to make that type of investment just yet, allow us to share with you some reaso