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CPA FAQs – How Can I Add Value To My Tax Audits?

By Analytix Editorial Team

November 13, 2019 0 Comments
CPA FAQs - How Can I Add Value To My Tax Audits

With today’s growing and ever-changing regulations and compliance landscape, clients expect their accountants to offer more value-added services in addition to bookkeeping. This new growth mindset is not limited to CPAs, as accounting firms are also creating ways to add more value. According to SourceMedia Research, 98% of accounting firms are exploring ways to diversify

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Top Five Business Financing Options

By Analytix Editorial Team

September 10, 2019 0 Comments

As a business owner, it can be a daunting task to determine the perfect financing option for the growth of your small or mid-sized business. Let’s dig into the top five ways of financing: debt, equity, and the latest alternative financing options: crowdfunding, peer-to-peer lending, and corporate cards. Types of Financing Options Available 1. Debt

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Top Three Ways to Make Your Business Creditworthy

By Analytix Editorial Team

September 10, 2019 0 Comments

Want to grow your business? Good business credit is the key to getting funding for your venture, but establishing a positive business credit history does not happen overnight. Here are the top three ways to make your business creditworthy. 1. Maintain a Healthy Business Credit Score Your personal and business credit history is an important

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Why Your Business Must Have a Budget

By Analytix Editorial Team

September 10, 2019 0 Comments

For various reasons, many small and mid-sized businesses don’t budget. A staggering 61% of small businesses didn’t create a budget in 2018 and around 82% of startups fail just because of cash flow problems. Below are five reasons why budgeting leads to financial stability and success of your business. 1. Predicts cash flows and avoids

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The Anatomy of a CPA Tech Stack

By Paul Salvaggio

September 5, 2019 0 Comments
CPAs

While technology can ease the modern CPA’s workload, it can also drive them completely mad. To help control the chaos and boost productivity, CPAs require a Tech Stack. It’s a set of third-party apps and connected services designed to work together and boost your daily efficiency and effectiveness. Sensitive data, regulatory changes, and savvy competitors

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Leveraging Online Accounting Services for CPA Firms

By Analytix Editorial Team

September 3, 2019 0 Comments
Leveraging Online Accounting Services for CPA Firms

Most contemporary practices, including CPA firms, utilize modern technology to manage their data more efficiently. This includes startups and even small businesses where electronic document management systems and cloud based reporting are gaining traction in replacing paper files, especially for processes such as accounting and bookkeeping. There are many benefits to online accounting, several of

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10 Most Useful Tax Tips for Restaurants

By Analytix Editorial Team

August 27, 2019 0 Comments
10 Most Useful Tax Tips for Restaurants

Most startups and small businesses are familiar with tax filing time chaos: hurried organizing of transaction records, looking for loose ends such as missed payments or missing receipts for payments made, etc. For restaurants however, the financial loss incurred due to a last-minute rush can be significant, given the sheer volume of transactions. Startups and

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CPA FAQs – Preventing the Negative Impact of Low Cash Flow on Clients

By Analytix Editorial Team

August 20, 2019 0 Comments
CPA FAQs - Preventing the Negative Impact of Low Cash Flow on Clients

82% of startups and small businesses fail due to poor cash-flow management! Has a new business client ever come to you after a missed payroll? Turns out your vendor trust is more than just a firm handshake when your cash flow is running low. While it is only natural for small business owners to focus

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Financial Planning Tips for Small Businesses

By Analytix Editorial Team

August 13, 2019 0 Comments
Financial Planning Tips for Small Businesses

Though the ideal time for financial planning is year-end, semi-annual reviews and planning changes can help small businesses achieve greater effectiveness. Successful small businesses take time to review business analysis at regular intervals to confidently determine the direction of their business. Although small and mid-size businesses are the core of the U.S. economy, many small

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How Your Small Business Can Increase Cash Flow

By Analytix Editorial Team

August 6, 2019 0 Comments
Increase Small Business Cash Flow

Positive cash flow is significant to a growing business because it has the power to influence business sustainability. A rapidly growing, profitable business needs to consistently work on ways to increase the cash flow alongside maintaining the growth momentum. Even seemingly minor matters such as an invoice payable to a supplier being due before an

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