accounting and finance – BusinessBlogs Hub

Mitigating Financial Risks: How CPAs Protect Small Businesses

BusinessBlogs — Tue, 05 Dec 2023 01:58:53 +0000

Certified public accountants (CPAs) can mitigate a business’s financial risk; to do so, they are more qualified than accountants. For example, in addition to a bachelor’s degree (the bare minimum requirement), CPAs have passed a regulatory exam like the U.S. Uniform CPA Exam and have work experience. CPAs are qualified to provide financial advice to […]

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5 Things That Increase Your Risk of Getting Audited by the IRS

BusinessBlogs — Mon, 04 Dec 2023 02:13:53 +0000

While the Internal Revenue Service (IRS) selects tax returns for audit through a combination of random selection and various risk factors, certain situations may increase the likelihood of being audited. Running a business can be stressful enough, and the last thing you want is to be audited by the IRS. Even when a company has […]

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How To Keep Track Of Your Business Finances

BusinessBlogs — Tue, 21 Nov 2023 23:27:42 +0000

One of the essential elements of running a successful company is tracking business finances, which involves keeping tabs on business income and expenses. A lack of funds is one of the primary reasons why businesses fail. Cash flow is crucial, so companies must manage expenses by recording receipts, payments, or expenses into an accounting ledger. […]

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Unlocking Efficiencies With Accounting Software

BusinessBlogs — Mon, 17 Jul 2023 23:43:32 +0000

In today’s fast-paced business world, having efficient accounting software solutions is essential. Accounting software solutions are essential for businesses to streamline their financial management processes. These software programs save time and minimize human error, improving productivity and profitability. With the increasing demand for efficient financial management systems, the global accounting software market is projected to […]

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A Guide To Optimizing Company Expenses

BusinessBlogs — Thu, 08 Jun 2023 05:55:58 +0000

For businesses looking to improve profitability, optimizing company expenses can be a key strategy. In fact, overspending with insufficient funds and capital is a leading cause of business failure within the first two years. By reducing costs and increasing revenue, your company can see significant improvements in profitability. It is crucial for businesses to implement […]

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Choosing A Career As An Auditor

BusinessBlogs — Sun, 23 Apr 2023 04:23:21 +0000

Today, choosing a career as an auditor is a smart move. Today there is more focus on compliance, especially in finance and technology. As an auditor, you play a vital role in ensuring the accuracy and transparency of financial information, which is essential for maintaining the integrity of financial markets and business operations. But there […]

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A Guide To Calculating A 20% Markup

BusinessBlogs — Fri, 14 Apr 2023 00:45:35 +0000

When you start a business, pricing your product is challenging but an important decision. You want to choose a price that the market will bear but also gives you a good profit margin. Thus, your price will depend partly on your cost to acquire the product, which is your cost of goods sold (COGS). A […]

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6 Tips To Improve Financial Decision Making

BusinessBlogs — Mon, 31 Oct 2022 23:17:55 +0000

Accurate financial decisions must be a priority for your business to generate profits. Making better decisions begins by comprehending your business’s cash flow, profit margins, and return on investment. If such intricate details aren’t handled correctly, your enterprise may crumble. Financial decision-making involves analyzing the company’s current state, looking ahead to see where the future may […]

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B2B Reap The Benefits Of Buy Now Pay Later Finance

BusinessBlogs — Mon, 29 Aug 2022 05:44:12 +0000

The buy Now Pay Later (BNPL) market is growing and disrupting consumer finance, and its market with much growth to come. Forecasts suggest increasing from US 132 billion today to US 3680 billion by 2030! Another notable statistic is the US has nearly a third of global sales. Plus, BNPL is not just for online […]

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When Does A CPA Need To Hire A Lawyer?

BusinessBlogs — Fri, 12 Aug 2022 02:01:16 +0000

The field of public accounting requires a high degree of professionalism and integrity. It is a profession held in high regard, and it takes years to earn certification as an accountant. However, even the most honest and trustworthy accountants face legal problems. If you’re a certified public accountant (CPA), there are many times when you’ll […]

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