Accounting is the backbone of any successful business, especially for startups and solopreneurs. Yet, many small business owners find it overwhelming. Proper financial management can mean the difference between thriving and merely surviving. So, to kick start your accounting journey, Edgewater CPA Group explains four essential accounting tips for solopreneurs to remember.
As a business owner, you have a multitude of tasks that require your attention, and payroll is one of the most important. However, managing payroll is a complex process that can be difficult for business owners without a dedicated payroll specialist. Here are three of the many benefits of having a dedicated payroll specialist from Edgewater CPA Group at your disposal.
When starting a business, one of the first decisions you’ll need to make is what type of business structure to use. There are several business structures to choose from, but one of the most popular is the Limited Liability Company or LLC. An LLC business offers some benefits over a Sole Proprietorship or a Partnership, and it is also a tax-efficient way to run a business. When you work with Edgewater CPA Group, we’ll help you explore how LLCs work and some of their benefits.
As a small business owner, you have to wear many hats. One of those hats is of the finance manager. It can be challenging to keep track of all the financial aspects of your business, but it is essential to do so if you want your business to succeed. Edgewater CPA Group is here to help, and we’ll discuss some tips for managing your small business finances. We will cover everything from creating a budget to tracking expenses and revenue.
Main Street businesses hold their breath at every administration transition, and this one is no different. Business owners in Indianapolis, IN, wonder what the Biden stimulus plan means for small businesses. This article includes an overview of what the plan entails, how it could impact small businesses, and the likelihood of its passing. Edgewater CPA Group is available to help small businesses navigate the pending bill, along with other bookkeeping services.
For small businesses, paying sales tax on goods they sell is a simple concept. But with constantly evolving federal and state legislation, keeping track of all the changes can be challenging. That’s why our clients appreciate the services they get in tax preparation from Edgewater CPA Group. We know it’s a difficult task for small businesses owners to manage. Here are a few roadblocks you should be aware of in making sure your small business is compliant with paying sales tax.