When you start a business, chances are you’ve never had to hire a professional like an accountant. Most people ask for a referral from a colleague, which is a great place to start, but because they’re a good fit for your friend, does that mean they’re good for you?
Filing 940 and 941 Forms
Most business owners are required to file Form 940 and Form 941 each quarter. Failing to submit the appropriate documentation can lead to significant fines, so if you are a business owner and have questions or concerns about tax preparation, accounting, payroll, bookkeeping, or other financial issues, it is important to contact an experienced team of financial managers who can advise you.
Updated to reflect changes of 2017 Tax Reform
The Inventory Lever to Increase Cash Flow in Your Small Business
As we discussed in our previous post, there are only eight things in your business you can manage to increase cash flow. Five of them are “permanent” increases to cash flow, while three of them are one time fixes. One of them is inventory.