Tax Smart Advisors Blog
Accounting and tax tips, updates and the latest news for small business owners and individuals.
7 Areas of Your Business That Need Internal Controls
When was the last time you gave your business an internal checkup? For any business, having internal accounting controls in place are vital and should be a part of everyday procedures. They should help prevent fraud and employee theft or detect it early. Here's a...
Eight Tips to Make Filing Tax Returns Easier for Small Businesses
Preparing for tax filing season can be time consuming and even a bit overwhelming if you've waited until the last minute to organize everything. Here are eight tips to help you get ready for tax season... Make your estimated tax payments. Your fourth quarter payment...
Prepare Your Business for Unexpected Bills
As a small business owner, getting a bill for an unexpected expense can have a significant effect on your business's cash flow. Here are some tips you can use to deal with a surprise bill... Establish a consistent reconciliation schedule. Knowing how much cash your...
Key Business Numbers That are Vital to Your Business Success
The numbers on your financial statements aren't the only numbers that are vital to your business success. In order to monitor the vital signs of your business, you'll need to look beyond your financial statements. Most successful business owners have a set of key...
Give Your Business a Check-Up
It's a good idea to review your financial statements on a regular basis so you have an ongoing understanding of your business's health. As we begin the fourth quarter, now is a great time to check in prior to year end. Here are four items you should review to get a...
Protect Your Business Against Employee Theft
No matter the size of your company, every business owner should be alert to the problem of employee theft. Before you decide to hand your record keeping over to a qualified employee, make sure you have the proper controls in place. How to Spot Employee Theft Employee...
9 Ways to Cut Costs in Your Business
Many times, businesses look to increasing sales as the only way to increase profits. However, when done intelligently, cutting costs can be a faster route to realizing higher profits. Simple ways to cut costs should constantly be on every business owner's or manager's...