5 Questions Entrepreneurs Should Ask Their CPAs To Reduce Audit Risk

By Scott Meister, CPA | Jan 30, 2020

Source: Entrepreneur | Repost QBScott 1/30/2020 –  To help reduce your fears of a government audit, February is the best time of year to meet with your CPA to review your tax strategy, review your documentation requirements and ask key questions about how to reduce your chances of an audit. What’s clear from my 35…

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What Is The Difference Between Accountants And Bookkeepers?

By Scott Meister, CPA | Jan 16, 2020

Source: businessnewsdaily.com | Repost QBScott 1/16/2020 – Staying on top of your finances is a key part of being a successful small business owner. As such, it’s important that your financial data is current and accurate so that you have the tools you need to make sound business decisions and ensure healthy cash flow. As…

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Digital Tools Every New Business Needs To Grow

By Scott Meister, CPA | Dec 5, 2019

Source: StartupNation | Repost QBScott 12/5/2019 –  Modern startups run on digital tools. From communicating with customers, collaborating internally or protecting their assets, entrepreneurs should know that there’s a digital platform or service for everything. The truth is, those who don’t embrace technology may be left behind: According to Deloitte research, “digitally advanced small businesses”…

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21 Ways An Accountant Can Help a Small Business Owner

By Scott Meister, CPA | Nov 21, 2019

Source: thebalance.com | RePost QBScott 11/21/2019 – If you are bootstrapping or starting a small business on a limited budget, you have probably spent some time trying to figure out where you can cut business costs and do more on your own to stretch the funds you have available. One area you may consider doing…

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Tips to Get Your Small Business Off the Ground

By Scott Meister, CPA | Nov 7, 2019

Source: Keap.com | Re-Post 11/7/2019 –  The economy took a nosedive in December 2007 as the Great Recession began its crippling effects on the U.S. economy. The rebound took a few years and began to show improvements in the latter half of 2009. Those initial steps toward recovery were on the backs of hardworking, committed…

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5 Time-Saving Accounting Tips for Your Small Business

By Scott Meister, CPA | Oct 24, 2019

Source: ProductivityLand.com | Repost 10/24/2019 – Running a business is rewarding, but also insanely time-consuming. According to a 2015 Constant Contact survey, over 40% of small business owners say they don’t take vacations, while another 40% say they don’t have enough time to spend with their friends and family. Despite this, an overwhelming 84% of…

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5 Accounting Mistakes That Cost Small Businesses Significant Growth

By Scott Meister, CPA | Oct 10, 2019

Source: business.com | Re-Post QBScott 10/10/2019 –  Failing to have a firm grasp on your business’s financial status can significantly hamper your ability to grow. • The vast majority of small businesses handle all of their accounting and bookkeeping on their own. • If you do hire an outside professional, make sure they are either…

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Understanding Small Business R&D Tax Credits

By Scott Meister, CPA | Sep 26, 2019

Source: Business News Dailey | Re-Post QBScott 2/26/2019 – Growing a business eventually requires developing new products, technologies, systems and sometimes even industries. This growth is vital not only to the success of your individual company but also to the success of the overall economy, which needs innovation to continue growing. However, innovation requires expensive…

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5 Accounting Tips For Small Business Owners

By Scott Meister, CPA | Sep 11, 2019

Source: yourstory.com | Re-Post QBScott 9/11/2019 – As a small business owner, it is very important to know how the accounts of your business work. Good accounting can prove to be extremely beneficial for running a successful business. Thus, it is important to know a few tips for accounting of a small business. The topics…

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