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CPA FAQS – How To Manage Heavy Workload Without Affecting Quality

By Analytix Editorial Team

July 2,2020 0 Comments
CPA FAQS - How To Manage Heavy Workload Without Affecting Quality

It’s crunch time! As you start another busy tax season, do you and your CPA partner feel the squeeze of heavy workload? If so, you aren’t alone. Accountants have to deal with long weeks, longer working hours, and the pressure of deadlines during the tax season. According to the 2019 Post-Tax Season Firm Survey of

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Choosing an Outsourced Accounting Firm

By Analytix Editorial Team

June 2,2020 0 Comments
Choosing-an-Outsourced-Accounting-Firm-Blog

Deciding to outsource your accounting and bookkeeping functions is a huge step in allowing you more time to focus on growing your business. But making that decision is only half of the equation. Equally important is selecting the right outsourcing accounting partner who aligns with the needs of your business. While there is no magic

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5 Common Small Business Accounting Mistakes

By Analytix Editorial Team

June 2,2020 0 Comments
5-Common-Small-Business-Accounting-Mistakes

The COVID-19 outbreak has derailed small businesses, and so many are facing unprecedented challenges. According to a Facebook Survey of 86,000 business owners, one-third of U.S. small businesses have stopped operating, while another 11% expect to fail in the next three months if COVID-19 conditions persist. Many small business owners have applied for assistance under

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How CPAs and Accounting Firms Can Tackle the Coronavirus Crisis

By Analytix Editorial Team

March 27,2020 1 Comments
How CPAs and Accounting Firms Can Tackle the Coronavirus Crisis

As the crisis around the new coronavirus (COVID-19) continues to expand, it has brought the US economy to a grinding halt. While natural disasters and cybersecurity have pushed most CPAs and accounting firms to develop a business continuity plan, few had expected the huge impact of such an unprecedented massive outbreak. It is now important

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CPA FAQs – How to Keep Clients Updated on Accounting and Tax Law Changes

By Analytix Editorial Team

March 16,2020 1 Comments
CPA FAQs - How to Keep My Client Updated on AccountingMB and Tax Law changes

Accounting law changes could mean that businesses must modify their payment obligations. However, most businesses are unaware of the consequences tax law changes have on business sustainability. They rely on their CPA for support and guidance in accounting, including tax updates. CPAs, therefore, are no longer simply accounting professionals; they function as guides to businesses

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Small Business Owners – What Are Your Goals For 2020?

By Analytix Editorial Team

March 9,2020 0 Comments
Small Business Owners - What are your goals

One of the most common reasons why small businesses fail is the failure to set clear goals. Goal setting is the key to success for small business owners. Whether for increasing cash flows or embracing automation, the time is right to set targets for the year ahead. To help you get started, here are three

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5 Ways DIY Bookkeeping is Bad for Business and Growth

By Analytix Editorial Team

March 2,2020 0 Comments
Is DIY Bookkeeping Causing Troubles To Your Growing Business

According to a U.S. Bank study, a whopping 82% of businesses that failed cited cash flow problems as a factor in their failure. As for new businesses, 50% closed shop during year one, in part, because they didn’t understand basic bookkeeping. In fact, majority of business owners are inexperienced in bookkeeping, but many choose to

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Best Practices to Maintain Healthy Cash Flow

By Analytix Editorial Team

February 27,2020 0 Comments

Maintaining healthy cash flow is a daunting task for even the savviest business owners. With poor cash flow management, it only takes one small downturn to cause your business to close shop completely. Fortunately, there are steps you can take to increase your cash flow and avoid potential problems. Here are the best practices that

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How to Fix Cash Flow Issues in Small and Mid-Sized Businesses?

By Analytix Editorial Team

February 27,2020 0 Comments

For small business owners and startups, cash flow often becomes a hurdle that keeps them from achieving their full potential. Part of the struggle stems from tight margins, and at times from a smaller client base, which ultimately means fewer cash flow channels. According to Intuit’s 2019 State of Cash Flow Report, nearly two-thirds (69%)

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Technology Adoption a Must for Accountants to Stay Competitive

By Analytix Editorial Team

February 25,2020 1 Comments
Technology Adoption a Must for Accountants to Stay Competitive

The rapid pace of technological change continues to disrupt traditional procedures in all circles, including the accounting profession. With increasing market demands, changing regulations, and generational changes, accountants must adapt quickly to stay relevant. According to the Practice of Now report by Sage, 85% of accountants stated: “We need to pick up the pace of

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