The 1099 time of the year is upon us. If you are looking for quick answers on what you should know about the 2023 1099 form process, check out our quick chat which outlined: What is a form 1099, who needs it and why? Who is excluded from the requirements of receiving a 1099? What are some of the most common mistakes business owners make around 1099 forms? What’s a 1099-misc and whats a 1099-nec?
Experts advice from a financial expert.
Running a small business is tough enough without having to worry about whether or not your balance sheet is in order. But keeping on top of your finances and bookkeeping is essential to the success of your business. In this blog post, we’ll give you a crash course in understanding balance sheets for small businesses, including what goes into them and how to interpret them. With this knowledge under your belt, you can confidently keep track of your business’s financial health and make informed decisions about its future.
As the administrator of a private school, you know that every dollar counts when it comes to maintaining a balanced budget. You need to be able to trust that your school’s financial needs are being managed by a team of professionals who have your best interests at heart. But you often wonder, is it a better choice to outsource your financial needs to a team of professionals, or hire that team in-house?
Here are the top 4 reasons why outsourcing to Tentho is a smart choice for your private school:
Many people ask why they should outsource their accounting and what Tentho can offer that they cannot do for themselves. We believe there are many reasons to outsource accounting to a professional firm – especially …
If you’re a small business owner in the United States, here are six strategies to help you offset the effects of inflation and maintain your business growth plans.
As the new year approaches, it’s time for small business owners to start thinking about their year-end checklist. Here are a few important items that should be on every small business owner’s list.
If you’re a small business owner, you understand the importance of financial management. But what if you don’t have the time or resources to invest in complex accounting software? NetSuite offers a solution with its cloud-based financial management tools. In this blog post, we’ll explore how NetSuite can help streamline your financial processes and save you time and money.
Tax season can be an extremely nerve-wracking time, but that doesn’t have to be the case! Starting your tax preparation before the end of the year is just one way to prevent stress. Below our financial experts …
Every year, businesses in the e-commerce world, face heightened sales during the final months of the year. With holiday-related gift-giving in full swing, this is a great time for many businesses to earn a large bulk of their revenue. Part of having a successful Q4 is planning ahead to utilize end-of-the-year accounting strategies and tactics that can help your company to have a prosperous holiday season. This post will highlight five best practices e-commerce companies can utilize to make the influx of holiday consumer purchases easier to navigate from an accounting perspective.
Helen Braswell Kakouris, CPA, Co-Founder of Tentho was recently nominated by the Miami Beach Chamber of Commerce for their prestigious “2022 Badass Women of The Year” award. This award recognizes successful, fearless businesswomen who have made a significant impact in their field and community.
As an eCommerce business owner, it is important to be well-informed about the different fees Amazon charges. One of the most common misconceptions about Amazon is that it’s free to sell on the platform. However, there are a number of seller fees associated with Amazon
If you’re a small business owner in the state of Florida who has been impacted by hurricane Ian, this post is for you. Here, we’ll provide guidance, advice, and resources on how to organize your recovery effort from the storm and get your business back up and running. As a Miami-based business, we are committed to supporting local hurricane recovery for small business owners. This is one of the ways in which we hope to do so.
There’s no getting around budgeting and cash flow forecasting if you want your business to succeed. Whether you’re just getting started or have been in business for many years, budgeting and cash flow forecasting are essential tools to help you understand your past performance, set realistic goals for the future, and make better decisions about how to allocate resources. Regardless of your company size or stage of development, budgeting is a critical exercise for proper financial and operational planning. In this blog post, we’ll discuss the benefits of budgeting for businesses of all sizes – from pre-revenue startups to rapidly growing small businesses to those preparing for an exit.
Within weeks of coming on board, the books were brought completely up to date. Payroll related issues and inquiries were reduced by 75%, outstanding accounts receivables balances were reduced by more than 50%, and financial statements were prepared consistently and on-time. Even more surprising, the business now has a team of experts working with them daily who are responsive and professional when dealing with their internal staff and clients! Costs for managing their accounting operations were reduced by 20%.
The business model provides for counseling and intervention services all over the country through a network of independent specialists. Payments to contractors were inconsistently managed and did not provide for a reliable way to account for expenses incurred by the counselors. The business owner had a bookkeeper who worked part-time on the weekends but was never available when needed during the week. Questions were often left unanswered, and the financial statements were unreliable due to a lack of follow through.
Once the changes were implemented, the client was able to analyze their financial information to make significant decisions about pricing for their services. Profitability increased, and the client was able to secure investors to continue to grow and expand their business.
The operations manager was able to save more than 30 hours of time per month, and the financial statements are now produced on-time to give the restaurant owner the ability to make better decisions. Through financial reports created by Tentho the restaurant owner was able to identify overspends in inventory and was able to make adjustments which saved over $20,000.
Tentho, a nationwide, membership-based financial firm for the modern business owner headquartered in Miami, has landed the number two spot on the Fast-50 South Florida Business Journal list for companies under $25 million in revenue.
Discrimination can have a significant impact on LGBTQ+ business owners, who may find it difficult to secure the financing they need to grow and expand their businesses. If you’re an LGBTQ business owner, here are a few things to keep in mind when choosing a financial service provider.
Tentho is excited to announce that they have been ranked among the 2022 Fast-50 growing companies in South Florida by South Florida Business Journal.
Leading Miami-based Accounting Firm offers Tentho Virtual Reality (VR) Consulting Experience at the eMerge Americas event.
Every business should take steps to avoid cash flow problems. Here are some tips to help you get started.
The South Florida Business Journal published its annual list of LGBTQ-Owned Companies, and Tentho tops the list at No. 4, after a record-setting year of growth in 2021.
Experiencing steady, consistent growth is the goal of every company. Businesses plan annually to make strides toward scaling up operations, hiring new employees, and earning more revenue. However, one aspect that often gets overlooked as …
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Moving into a new calendar year is the perfect time to incorporate better methods for managing your business. One of the first steps towards improvement in 2022 is putting key bookkeeping practices in place for …
As your business grows, the metrics needed to successfully run operations change significantly. While it can be easy to singularly focus on driving profit, many owners overlook the simple fact that as business expands, there …
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As we approach the end of the calendar year for 2021, it’s never too soon to begin planning ahead for next year’s tax season. However, in light of recent developments with changing tax laws, government …
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Throughout the past few years, a large shift has occurred with more business owners searching for ways to competitively grow without significantly increasing expenses. This shift, combined with the increased availability of cloud-based data and …
Staying abreast of the latest trends in accounting can feel like a full-time job for any seasoned professional. That’s why it’s always important to revisit new ways to implement industry-proven advice and strategic best practices …
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While it may sound like the backdrop for a science fiction novel, machines are getting better at helping businesses manage their accounting needs. In today’s technological landscape, there are a plethora of apps that integrate …
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As businesses grow, so do their budget requirements. This is one of the most pragmatic financial truths that business owners should strive to incorporate into their financial strategy. As your business expands, it’s important to …
5 Tips for Creating a Budget That Aligns with the Business Strategy Read More
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