Choosing the Right Corporate Structure for your Business

November 18, 2019

There are a couple of steps that you will undergo when setting up a business. One of which is choosing the correct business structure for you. This step is critical to the success of your organization as the structure you will affect many aspects of your company. These aspects include how you operate and how …

Retirement: Also A Job For Accountants

November 11, 2019

Unless you’re superman, old age is an inevitable stage in our lives. Hence, retirement is a vital subject that should be considered by everyone. As an accountant, you should always consider discussing retirement plans with your clients. This article by Anita Dennis last October 21, 2019 on the Journal of Accountancy guides us on some …

Employment and Careers in the Field of Accountancy

October 28, 2019

Accounting has always been one of those careers with dismal retention rates. The stress attributed to the job often results in accountants and CPAs shifting around different career paths until they find the one that suits them best. Unfortunately, a pattern of quitting and applying between jobs can negatively affect one’s employability. Other issues faced …

New Measures In Dealing With Casualty Losses

October 16, 2019

Small businesses, in one way or another, experience some losses during their existence. One of the most common kinds of these losses is casualty loss. Casualty losses are a negative movement in the value of a company due to unexpected, unusual, and sudden events. Fires, earthquakes, and acts of war are some examples of these …

Comprehensive Business Audits For Small Businesses

October 7, 2019

A business audit decides the reliability of your business records. It can affect how your investors perceive your company. For example, a negative audit review can tell your stockholders that they cannot trust you in handling your finances. Other types of audits, however, can help you improve your internal processes. Auditors are trained in determining …

Why Should A Small Business Use Accounting Software?

August 10, 2019

Accounting software programs have made the lives of millions of business owners around the world a lot easier. Without these applications, we would still be stuck using a pen to write every transaction our businesses have on a piece of paper. But, besides the ease of recording and reporting, there are tons of other benefits …

How Can I Improve My Business Cash Flow?

October 24, 2017

Cash is king. Accountants know it; every business should accept it. Entrepreneurship is not about how much popularity you get, or how much inventory you can shell out every minute. It’s all about how much cash you have at the end of the day. Cash is like drinking water to businesses. It needs it to …

Will AI Soon Replace Accountants?

October 16, 2017

AI or artificial intelligence has been a growing study in the past few years. Although we won’t be having any terminators walking around soon, the advancements scientists have recently been making are enough to make a lot of employees worry. Unsurprisingly, accountants are no exception to this paranoia. Artificial intelligence, as its name presupposes, is …

What Are The Benefits Of Getting A CPA Degree?

September 24, 2017

It’s a well-known fact that getting those three letters appended on your surname is an uphill battle. However, we still see thousands and thousands of hopefuls lining up to spend almost half a decade of their lives only to be allowed to take the Uniform CPA Examinations of the United States. With more than half …

How Can I Apply Accounting In My Personal Life

September 15, 2017

Accounting is one of the fundamental activities of any business. Without it, a company would be similar to a blind person driving a high-speed car. They may know how to do business, but they would be blind to important signals that Accounting can give them. However, it is not only businesses that need Accounting for …