Financing Options for Small Businesses: Small Business owners have numerous financing options available, from traditional installment loans to lines of credit to microloans. However, the requirements for capital vary based on the nature of the firm. There are several loan solutions accessible, depending on your needs, whether you’re completely new to the market, your...
QuickBooks is a complete accounting software suite used by countless business owners on a daily basis. It has a very simple user interface, excellent security, and more than enough accounting features for different types of small businesses. QuickBooks also has a good price point making it a popular choice in the business world. The Best...
PLANNING, IMPLEMENTATION, MIGRATION WHAT IS ERP CONSULTING? Accounting, human resources, sales and inventory management are all considered part of enterprise resource planning (ERP), which is a set of integrated and integrated business applications used to manage and automate numerous business functions. Additionally, depending on your ERP choice, you may be able to take advantage...
Have you heard of the term, “Work Hard, Play Hard”? Not a lot of people tend to agree with this statement. This comes to play on Fridays after employees are burned out and exhausted from the busy work week. One of the best ways to boost employee productivity is ensuring that the work environment...
If your company has been feeling a sense of comfortability in regard to the people employed, it’s time to prepare for a shake up in the workplace. Generation Z, also known as Gen Z, are expected to make up 30% of the workforce by 2030, and they are coming in with their own set of...
Clearly, no one wants to be the victim of crime – digital or physical. But, as a business owner, you have to assume the worst so that in case something happens, you’re not caught off guard. Surprises lead to panic, and panic leads to irresponsible decision making. While you know insurance is important for your...
There is a lot of bad financial information out there- to put it lightly. What’s even worse is that while this information comes from a variety of sources, your broke cousin for one – it also comes from people who claim to be “professionals” in the “financial field”. Trusting your financial operations to someone that...
Most people dread tax season; it’s complicated, stressful, and extremely time consuming. But while no one likes to think about the subject of taxes, it’s a part of life, so it’s our team’s goal at MCDA CCG to eliminate as much of the confusion and burden as we can. If your business is a partnership...
Because paying taxes is an important responsibility for any business, it’s critical that you understand when your taxes are due. Yesterday, we took a look at the important tax/ payroll deadlines in March, and if you haven’t checked it out, we highly suggest you do so here: Important Tax Deadlines for Business Owners March 2022. ...
28 total days, 20 working days, and 1 federal holiday, it’s no wonder that February always seems to come and go in the blink of an eye. Additionally, the beginning of the year is a chaotic time for a majority of business owners, this, combined with the plethora of outside noise, is enough to steer...
Right now, employers everywhere are still trying to do everything in their power to retain their employees, and it doesn’t look like this situation is about to ease up any time soon. To put it into better perspective, think something along the lines of an ongoing game of musical chairs – it’s not as if...
‘Self-employed individuals are business owners, but not all business owners are self-employed.’ “Huh?” So, you own a business; while this may technically mean that you are self-employed, the IRS has rules to sort out and classify those who are self-employed and those who are not. So, what are the types of self-employments? Before we take...
Based on our post earlier this week, CFO vs. Financial Controller, were you able to identify what your company needs at this time? (If you haven’t read over our latest post detailing the differences between the two, we highly suggest you do so now… Click here ) Now that you understand the roles and responsibilities...
Ignorance is bliss… Until it runs you into the ground. Chances are, whether you are a business owner, founder, entrepreneur, CEO, etc. (or just a human being for that matter) you prefer to spend your time on the more “fun” side of things. We all do. However, this is no excuse to have anything less...
Free money Support your small business No strings attached What’s the catch? We work with small business owners on the daily, and while some are completely unaware these financial offers exist, others choose to disregard them completely – for no other reason other than it’s time-consuming. Ultimately, it’s not so much a catch, but rather...
Are the hundreds of business funding scam calls, texts, and emails you receive per day making you lose your mind? You’re not alone; in fact, a recent survey conducted by the Better Business Bureau and the Federal Trade Commission shows that 67% of the small businesses surveyed had seen an increase in scams compared to...
We hear this question on a regular basis; “Which is better, Netsuite or Quickbooks?” You may be hoping to see a straightforward answer, but the truth is that this question is riddled with complexities, therefore it’s important to first understand how these systems differ. In any critical decision-making process, you: Identify your needs and wants...
Tell us if this doesn’t feel familiar…. Frequently, it feels as though everyone in their field of profession is berating you for doing something the “wrong way”. The “wrong way” – according to them. You’re “wrong” because you don’t utilize a specific type of accounting software, you’re “wrong” because you do your own bookeeping, etc....
Most business owners are guilty of this financial blunder. Similar to the half -committed resolutions we make every year to eat better and do more exercise, the vague promises companies make to keep their books clean and up to date are tossed out the window by the second or third month in. With the start...
With 2021 behind us and tax season right around the corner, now is the time business owners start booking their appointments to meet with CPA’s to work on and submit their tax returns. The natural expectation here is that your accountant files on time and works diligently to lower their clients tax exposure and avoid...
As technology continues to evolve and become more and more accessible, it has become a vital element of business management. In fact, at least some type of accounting software can be found in organizations of various sizes. However, as your business continues to grow, you may face a situation where your accounting software is no...
After the end of each year, business owners are required to prepare 1099 forms to report payments to non-employees and others. While it’s normal to make a mistake on a 1099 form, it’s imperative to correct it for both the Internal Revenue Service and the payee. Today, we’re going to give an overview of 1099...
Most people associate the start of a new year with inspired resolutions and improved goals; to business owners, the new year welcomes the first quarter, new opportunity, and most importantly: tax filing deadlines. The IRS requires different forms, rates, and filing dates depending on the official business entity of your company; furthermore, if you fail...
Those who are self employed usually face specific challenges when trying to secure funding for their personal endeavors. Due to a lack of a steady paycheck and/or inconsistent income, lenders may feel more resistant to loaning the necessary funds. For this reason, lenders will typically ask for a greater amount of documentation to determine whether...
Trying to find investors and articulate your vision at a strong enough level to fund your growth is not easy. It requires first-rate patience, thick skin and visible confidence. Whether your fundraising efforts began before or after the Covid-19 pandemic changed our world, one thing is certain: we all face a new style of meetings....
