Our CPA Blog

Topics that help our customers.

Top 7 things every business owner should know about financial statement audits

Jul 30,2017 at 10:05 pm

Audited financial statements are reports that are attested by Certified Public Accountants and they provide credibility to both internal and external stakeholders.

Why do we need financial statement audits ?

The follow...

[Read More]

Understanding your profit and loss statement-EBITDA -Earnings before interest tax depreciation and amortization

Jul 24,2017 at 05:04 am

The single most important financial figure you should be looking at each month…

Have you heard of the word ‘EBITDA’? If no, that is ok. We totally understand that as business owners and entrepreneurs, we are busy with our main line of business...

[Read More]

Hiring independent contractors what every business owner must be aware of

Jul 17,2017 at 05:16 am

Independent contractor or employee- which is the right classification? 

As an employer, you are required to pay payroll taxes withheld from your employee paycheck in addition to the employer taxes. For independent contractors, you need to issue a 1099 form by Jan ...

[Read More]

5 signs your business needs a CFO-chief financial officer

Jul 15,2017 at 05:37 am

Is this what your company is experiencing today?

Your startup has now scaled to a $5M annual revenues. Your company is growing at a pace of 15-25% a year. Your product line or service offering is expanding. Your employee headcount is now 25-50, you are growing at a fast pace. Your small te...

[Read More]

8 Mid year tax planning tips for business owners

Jul 05,2017 at 01:01 am

As a business owner, you are wearing different hats all through the year. And if you are like the vast majority, you probably think about the tax bill only end of the year or as it nears the tax filing deadline. This often as you know results in higher taxes and lesser options to invest in tax sa...

[Read More]