Uncategorized
Move Your Money Wisely: Consulting Solutions Because No Two Businesses are Alike
There is no simple template for running a successful business. Whether you run a small service operation or a growing retail chain, your managerial accounting decisions can make the difference between success and failure. Don’t trust the future of your business to just anyone. Many business owners attempt to go it alone when it comes to their finances, or retain temporary the temporary services...
Match Costs with Benefits: Amortization and Your Business
As your small business begins to grow, you may want to consider some of the benefits of using an accrual method of accounting that helps you recoup costs spent in order to boost your revenue. Nearly every type of business property, excluding land, will have a depreciating value over time. Using amortization to create a matching balance sheet, you can account for the depreciation of vehicles, of...
A Season of Giving is a Season of Tax Relief
If your small business has had a successful year, you may be feeling generous as the tax year comes to an end. There are several benefits to providing employee bonuses, volunteer labor, and charitable donations, and some of them extend to your tax obligation. However, there are several simple rules that you will need to be aware of. There are many ways to find business tax relief or save money ...
Start the New Year off Right: Prompt Tax Filing for Your Business
As another year draws to a close, the New Year brings the promise of growth and stability. Keeping up with your business taxes will be one of the first things you can do to make sure 2014 will not be a year of procrastination and late payments. To get off on the right foot, find small business tax solutions from the experienced CPAs at Steven J. Wick and Associates. As you begin to prepare your...
Manage Your Labor Costs Effectively with Construction Contractor Accounting Services
Construction contractors face a variety of challenges; managing revolving workloads, slow seasons, economic downturns, as well as extreme weather events, can all threaten the viability of small construction businesses. Managing a workforce of laborers and subcontractors can also be daunting, potentially draining profits during healthy periods of business. To make matters worse, competition for ...
Holiday Prosperity in a Struggling Economy: 5 Tips to Help Your Small Business Thrive
As the holidays approach, the chance for many small businesses to capitalize on increasing commercial activity presents many financial opportunities and challenges. Whether you sell greeting cards, children’s toys, or lawnmowers, your small business’s company accounting practices can make the difference between success and struggle. You need someone in your corner as you strive to maximize holi...
Can Your Business Benefit from Tax Exemptions?
Taxes are an everyday obligation for most small business owners. In most cases, sales taxes must be collected from customers, and many business expenses are subject to local and state sales tax. The state and federal government also want payroll taxes from employees and income tax on your business’s revenue. But what if an exemption can save your business money and simplify your managerial acco...
Accounting for Your Future: Business Solutions from Steven J. Wick and Associates
For large companies, many financial accounting duties are handled by professionals trained in human resources. Employee payroll is often the consistent expense for your business, and among the most highly regulated. Trying to fulfill these obligations through in-house bookkeeping can be problematic, as can outsourcing payroll administration to a distant payroll company that doesn’t know the ins...
