Benefits of an Integrated Accounting System

By Analytix Editorial Team

April 18, 2018 0 Comments
Benefits of an Integrated Accounting System

Integrated small business accounting systems can change the way a business works, in terms of both growth and profitability. What does integration do? Integration works by bringing together different software applications so that they are working seamlessly without the need for additional, expensive manual manipulation or software. An integrated accounting system is one where a

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Outsourcing Can Increase a CPA Firm’s Productivity

By Analytix Editorial Team

March 28, 2018 0 Comments
Outsourcing Can Increase a CPA Firm's Productivity

Most CPA firms constantly face one critical challenge: ensuring their own finances are on track in the same manner as those of their clients. Efficient accounting and bookkeeping is the bedrock of sound finances and it can be easy for CPA firms to get immersed in managing clients’ books to the extent that one of

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The Significance of Streamlined Accounting Services for Small Businesses

By Analytix Editorial Team

March 23, 2018 0 Comments
Small Business Accounting Services

Small business accounting activities differ from those practiced at larger organizations only by a small margin. Small businesses require the same level of due diligence for accounting and bookkeeping practices that are applied in larger, more established businesses. Furthermore, reliable bookkeeping is fundamental to good financial practices. Recording transactions on a daily basis, ensuring accounts

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Partnering for Profitability: Tax Season Help for CPA Firms

By Analytix Editorial Team

March 15, 2018 0 Comments

CPA firms typically experience an influx of clients during tax season who all require the same expertise and timing on their tax filings. Year after year, firms juggle client work with trying to maintain their own business development efforts and ongoing operational requirements during this busy period. One solution for addressing this situation is to

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Top 5 Deductions for Small Business

By Analytix Editorial Team

March 15, 2018 0 Comments

Small businesses should not ignore relevant tax deductions.  Tax deductions help businesses lower their taxable income. However, tax deductions differ according to how a business is structured. A sole proprietorship will have different tax deductions than an S corporation or a partnership, even if the differences are marginal. According to the IRS website, tax deductions

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2018 Business Trends That Impact Small Business Accounting

By Analytix Editorial Team

February 23, 2018 0 Comments

For a small business to survive and ascend the growth curve in the current business landscape, it is important to stay abreast of changes and new trends. This is especially true when trying to ensure value added opportunities for clients, both returning business and new business referrals. With 2018 settling in, this is a good

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Benefits of Automating Your Tax Processes

By Analytix Editorial Team

February 8, 2018 0 Comments
Benefits of Automating Your Tax Process

As complexity in the tax environment grows, small businesses are facing a dual challenge: Ensuring their tax obligations are successfully fulfilled, and Optimizing exemptions available to them, eventually enhancing business earnings and savings Tax processes automation can be very useful in managing business taxes, especially since automation takes care of accounting figures from the start,

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Why a Small Business Should Outsource a CFO

By Analytix Editorial Team

January 31, 2018 0 Comments

Most decisions in a small business are often driven by the budget or additional money available to invest in the business. Hiring resources is no exception, and the decision to hire a CFO may be deferred on the grounds that it could be too expensive for a small business. However, not having access to a

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The CFO’s Role in Growing A Business’ Bottom Line

By Analytix Editorial Team

January 31, 2018 0 Comments

A CFO’s role is that of a change agent who brings together the capabilities and resources of the business to ensure accountability in areas like performance, operations, etc. A second responsibility that rests with the CFO is that of the agent who brings together key data and information, including strategic plans with the help of

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Small Businesses Can Improve Profitability with a Digital Tax Workflow

By Analytix Editorial Team

January 17, 2018 0 Comments
Small businesses can improve profitability

Digital tax workflows will be the norm more than the exception going forward. Businesses that do not capitalize on technology for their accounting risk becoming obsolete for potential clients, particularly those who conduct business primarily in the cloud or in a virtual set-up. Additionally, switching to digital accounting methods not only allows better alignment with

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