Small Business

5 Tips to Help Your E-commerce Business Prepare for the Holiday Shopping Season

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. 

Hurricane Recovery: A How-To Guide for Small Business Owners

Hurricane Recovery: A How-To Guide for Small Business Owners

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.

How to Use Performance Data to Create a Business Budget

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 is more data being generated with valuable information and metrics that let you know what’s happening. This can be complicated …

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A Guide to Outsourced CFO Advisory Services

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 information management systems, has created the opportunity for many small and medium-sized businesses to grow in a leaner fashion. Several …

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4 Emerging Trends in AP Integration to Watch in 2022

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 into your company’s financial strategies on a regular basis. As the technologies surrounding the sophisticated world of AP continue to …

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5 Tips for Creating a Budget That Aligns with the Business Strategy

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 also have a solid roadmap in place to align your budget with your growth. After all, if you don’t have a …

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7 Tips to Recession-Proof Your Business

Many business owners don’t realize that our economy has natural cycles of expansion and decline. For this reason, businesses would do well to prioritize being prepared year-round should the market take a turn for the worse. In the event of a financial downturn or a recession, circumstances can change suddenly and unexpectedly, leaving business owners wondering what to do next. Fortunately, maintaining some fundamentals as a business before a difficult situation emerges can make it much easier for owners to ride the natural waves of the economy. In this article, we’ll discuss some best practices on how to prepare for a recession.

5 Tips for Creating a Business Budget

Budgeting can be a complex challenge for any business. Whether you are just starting out, or your company is more established and planning major changes such as expanding into new markets, creating a business budget comes with several tough choices and strategic considerations. In order for SMBs to create a functional budget, they will need …

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What You Need to Know About Cryptocurrency

One of the hottest topics of innovation in the financial world today is decentralized cryptocurrency housed on the blockchain. In light of the shifting financial forecast brought on by COVID-19, many public companies are holding Bitcoin (BTC) and other cryptocurrencies as a percentage of corporate treasury. (For non-savvy cryptocurrency newbies, Bitcoin is the first and …

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Accounting for Small Business: Soothing the Pain Points

Knowing how to properly manage accounting for small and mid-sized businesses may seem like an easier task due to the smaller nature of the companies. However, many times it is the founders and senior members of the company who are tackling the daily ins and outs of small and mid-sized business (SMB) accounting. In addition …

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Tax Season 2021: Dealing with COVID Complexities

Complex tax law changes and economic stimulus programs in response to COVID-19 have muddied the water even further when it comes to filing for the 2021 tax season. According to cpapracticeadvisor.com, “The IRS announced that it will increase audits of small businesses by 50 percent, after years of low examination rates.” For businesses, this means that …

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7 Behavioral Traits That Make Great Startup Founders

While there are many behaviors that separate great leaders from posers, there are 7 behaviors that every successful startup founder has in common. Building a startup is like continuing to put your hand in a light socket and getting shocked over and over. It is painful and sometimes seems like the end of the world. The ups and downs …

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Tentho Offers Support to Businesses Dealing with the Impacts of Coronavirus (COVID-19)

These past couple of weeks have been riddled with uncertainty, volatility, and general anxiety for business leaders and their employees. News is moving at light speed and government requirements being imposed to protect public health are testing the resiliency of many businesses. We are all being asked to practice “social distancing” which means working from …

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What Can a Virtual Bookkeeping Firm Do for My Business?

When running a small business, there are A LOT of things to worry about and focus on. However, with advances in technology, more affordable options, and better overall quality service; managing your bookkeeping and accounting do not need to be one of them. One of the biggest complaints we hear from small business owners is …

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